In past weeks, the Chainlink (LINK) price showed so much strength against tether (USDT) as the price of Chainlink broke out of a range as price rallied to a high of $10. The price of LINK has recently faced resistance to trend higher as the price eyes weekly support. (Data from Binance) Related Reading: Cradles’ New SIN System Allows You To Earn By Staking Into NFTs Of Elite Players Chainlink (LINK) Price Analysis On The Weekly Chart LINK prices have dropped from around $10 to $7, finding price trading in a range as the price of LINK tries to break out of this region. LINK saw a weekly low of $6 as price bounced from this region, currently trading at $7 as price eyes a break out to $10. Despite showing a glimpse of strength, the price of LINK found its price rejected as Bitcoin, and other cryptocurrencies suffered a setback affecting the price of other altcoins. The price of LINK closed the week with good volume; if LINK maintains this momentum and volume, we could see the price of LINK retesting $10. Weekly resistance for the price of LINK – $8.5. Weekly support for the price of LINK – $6. Price Analysis Of LINK On The Daily (1D) Chart After successfully breaking out of the daily channel recently, the LINK price was rejected from $10 to its daily range. The price of LINK needs to break out with good volume to trade above the range; if the price of LINK fails to break above the range, we could see price retesting d...
