Sun, 4/02/2024 – 15:46
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The rates of most coins are falling at the end of the week, according to CoinStats.
Unlike most of the other cryptocurrencies, the price of LINK has risen by 1.36% over the last 24 hours.
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.
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.
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