Chainlink (LINK) price analysis: Levels to watch in March

2021-3-3 12:28

Chainlink (LINK) price is trading about 7% higher on the day to build on yesterday’s gains of 12%. 

Fundamental analysis: Google Finance now has a dedicated Crypto tab

The mass crypto adoption is clearly in play with Google Finance adding a dedicated crypto tab, placed right among the top five default markets including the United States, Europe, Asia, and Currencies. This indicates that crypto continues to win mainstream acceptance.

The world’s largest cryptocurrency by market cap has been on a frenzy this year, hitting record after record, thanks to increased adoption by institutional investors. Several major companies have made substantial investments in Bitcoin lately, including Tesla, Microstrategy, BNY Mellon, and more. 

According to some analysts, this year’s rally is different from the one in 2017 which was mainly fueled by retail investors. 

Google searches for “Bitcoin” over the past few months are still short of a huge number of searches recorded in 2017, according to Google Trends. The number of searches for Bitcoin on Google is much higher compared to the rival market indices under the S&P 500 and NASDAQ Composite. 

However, Google Finance currently supports only several digital currencies including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. The tool displays both historical and real-time data for these cryptocurrencies.

Technical analysis: Levels to watch

LINK price is trading about 20% higher this week as the buyers are staging a rebound amid a sharp selloff last week, when the cryptocurrency lost over 27%. Last week’s low of $21 offered a chance to new LINK buyers to get on the long side as bulls eye new highs. 

Chainlink (LINK) daily chart (TradingView)

A record high of $36.92 will continue to act as resistance now. If broken, we can expect a quick move to clear stops above this level. On the upside, the next targets are $41.30 and $46.85. Lower, the $20 mark is crucial support.

Summary

Google Finance now includes a new dedicated crypto tab, placed on the top of the page among the five default markets. Separately, the LINK price has rebounded after last week’s plunge.

The post Chainlink (LINK) price analysis: Levels to watch in March appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

crypto chainlink price link analysis google dedicated

Источник: invezz.com

crypto chainlink → Результатов: 126


Фото:

Crypto.com интегрировала ценовые данные от Chainlink в свой DeFi-кошелек

Платежная компания Crypto. com объявила об успешной интеграции ценовых каналов Chainlink в DeFi-кошелек. Партнерство направлено на расширение экспансии гонконгской фирмы в сферу децентрализованных финансов.

2020-9-15 19:16


Chainlink Price Analysis LINK / USD: Bucking The Trend

Chainlink is bullish over both the short and the medium-term  The four-hour time is showing that a bullish inverted head and shoulders pattern has formed The daily time frame is showing that a large inverted head and shoulders patterns with double-digit potential could start to form Chainlink is holding onto recent trading gains as the […] The post Chainlink Price Analysis LINK / USD: Bucking The Trend appeared first on Crypto Briefing.

2019-10-24 17:17


Chainlink Price Analysis LINK / USD: Trying To Emerge

Chainlink has a bullish short-term bias, with the LINK / USD pair recovering above its 200-period moving average on the four-hour time frame The four-hour time is now showing that a bullish breakout from a descending triangle pattern is currently underway The daily time frame is showing that the LINK / USD pair is struggling […] The post Chainlink Price Analysis LINK / USD: Trying To Emerge appeared first on Crypto Briefing.

2019-8-14 16:23


Zilliqa Price Analysis ZIL / USD: Riding On Chainlink

Zilliqa has a bearish short-term trading outlook, with the cryptocurrency still trading below its 200-period moving average on the four-hour time frame The four-hour time frame shows that the ZIL / USD pair still remains trapped within a wedge pattern The daily time frame continues to show the invalidation of a large inverted head and […] The post Zilliqa Price Analysis ZIL / USD: Riding On Chainlink appeared first on Crypto Briefing.

2019-7-31 16:42


Chainlink Price Analysis LINK / USD: Bears Leading The Way

Chainlink has a bearish short-term bias, with the LINK / USD pair falling below critical technical support on the four-hour time frame The four-hour time is now showing that a bearish breakout from a wedge pattern is currently underway The daily time frame is showing that the LINK / USD has fallen below its key […] The post Chainlink Price Analysis LINK / USD: Bears Leading The Way appeared first on Crypto Briefing.

2019-7-30 16:35


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Symbiogenesis Expands on Arbitrum with New NFT Auction

Square Enix adopts Arbitrum for Symbiogenesis to reduce gas fees and enhance user experience, launching a new NFT auction with fast transactions and minimal costs. The post Symbiogenesis Expands on Arbitrum with New NFT Auction appeared first on NFT News Today.

Exploring Echelon Prime: A Comprehensive Guide to PRIME Coin

Delve into the world of Echelon Prime and its native cryptocurrency, PRIME Coin. Learn how this revolutionary platform combines gaming and finance, reshaping the virtual economy. The post Exploring Echelon Prime: A Comprehensive Guide to PRIME Coin appeared first on NFT News Today.