Chainlink (LINK) Price Analysis: Securing the 20k sats zone is the top priority

2019-9-30 14:13

Total market analysis

The market is still dominated by the bears and overall sentiment is bearish filled with fear, as shown by the crypto fear and greed index.

Market is struggling to produce a momentum upwards and it is glued to the Fib382 level at around $206 billions (figures by Tradingview).

Chainlink Price Analysis LINK/BTC

Link has been one of the rare altcoins that outperformed BTC in the last 7 days – it is up by 16% on the bellwether currency.

As for the technical analysis, LINK has been behaving like a textbook example in its relationship to BTC. As seen on the chart below, LINK has stood its ground on the Fib236 level at 15505 sats and is now gaining control of the next Fibonacci level at Fib382 and above 20k sats.

Barring bigger market-wide moves up or down, LINK will probably linger around this zone for the near term future.

Chainlink sentiment

According to the data by Omenics.com, LINK is deep on the wrong side of sentiment scale. Link is not in the news too often and their communities are relatively quiet resulting in a dispirited atmosphere.

Other news

Cryptocurrency exchange Coinbase has announced that New York residents now have access to two cryptocurrencies launched for other jurisdictions months ago.

In two tweets late on Wednesday, the exchange said customers based in New York state can now hold, buy, sell, send and receive both Stellar lumens (XLM) and Chainlink’s LINK token. The cryptos will now be available on Coinbase.com and the exchange’s iOS and Android apps in the state.

Popular San Francisco-based cryptocurrency exchange Kraken announced that it will list altcoins Chainlink (LINK) and Dai (DAI) beginning September 25.

San Francisco-based Cere Network, a blockchain customer relationship management company, has integrated decentralized oracle provider Chainlink, to power its smart contracts.

The post Chainlink (LINK) Price Analysis: Securing the 20k sats zone is the top priority appeared first on CaptainAltcoin.

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