AltcoinCryptocurrencyPrice Analysis

Chainlink Price Analysis: Price is still in Bearish Trend

The price of the coin is showing the bearish trend for the last three months. As the value of Chainlink is plummeted by the -68.29% during this period.

Chainlink New & Events

A partnership event of Chainlink will be held on 30th Sep 2019, partnering the startups ann in which:

Oracle will begin announcing the 50 qualified startups with which they co-develop LINK to prepare the startups to sell their data.

Chainlink Statistical Data

The market capitalization of the coin is standing at $621,315,688 USD out of the total market cap of the cryptocurrency. And the 24-hour volume is holding the mark of $65,675,995 USD. The LINK tokens which are in circulation are almost 350,000,000 LINK while the total supply of the coin is 1,000,000,000 LINK.

Chainlink Price

The current price of Chainlink at the time of writing is $1.78 USD and 0.00016973 BTC with a change of -4.45% in 24 hours.

Chainlink Price Comparison

The three-month chart comparison shows that there has been a downtrend in the trend line of Tron price. The price value of coin was standing at $4.78 on 29th June 2019 and from that point, it started decreasing in the downward direction. The price of the token decreased down with a percentage of -42.91 during the two weeks. The lowest value during these three months was $1.71 on 29th Aug 2019. The value of Chainlink has plummeted by -68.29% during the period of three month.

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The three-month chart comparison of the price value of Chainlink is given below:

Chainlink Price Prediction

The price of Chainlink is still in the bearish trend. As we have seen that in the last three months, the trend line has been in the downward direction and the price has plummeted by -68.29%. So we are not hoping that it may go high in the upcoming days. After studying the resistance and support levels, it seems that will remain in the bearish trend.

Conclusion

Though the trend behavior of LINK has been in a slightly corrected manner during these three months but in the last 24 hours, it has shown a bearish trend. So on the basis of our analysis, we can say that this bearish trend will continue.

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Leah Hutton (Luxembourg)

Leah Hutton has recently joined Tokenhell team as a freelance writer. She has comprehensive knowledge of blockchain and various cryptocurrencies.

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