LINK Price Analysis for February 4

LINK Price Analysis for February 4

Sun, 4/02/2024 – 15:46

LINK Price Analysis for February 4
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The rates of most coins are falling at the end of the week, according to CoinStats.


LINK chart by CoinStats


Unlike most of the other cryptocurrencies, the price of LINK has risen by 1.36% over the last 24 hours.

Image by TradingView

On the hourly chart, the rate of LINK is looking bullish as it is above the local level of $17.98. If buyers can hold the gained initiative, the rise may continue to the $18.60-$18.80 zone tomorrow.

Image by TradingView

On the bigger time frame, traders should focus on the candle closure in terms of yesterday’s peak. If it happens above $18.14, the upward move can lead to a test of the $19.50 area within the next few days.

Image by TradingView

From the midterm point of view, the picture is also bullish. The rate of LINK has accumulated enough energy for a continued move.

If the bar closes around the current prices, one can expect a test of $20 soon.

LINK is trading at $18.246 at press time.

Published at Mon, 05 Feb 2024 07:07:00 +0100

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