The price of the LINK coin reaches new highs, and future expectations differ about it
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Answer The price of the LINK coin reaches new highs, and future expectations differ about it
The price of the LINK coin has increased in recent days by double, making it the talk of the cryptocurrency world.
Chainlink has a market capitalization of $6.67 billion at the time of writing, making it one of the top five cryptocurrencies in the world in terms of total market capitalization after Bitcoin, Ethereum, Ripple, and Tether.
In the past 48 hours Arrived The price of the LINK coin is at a new all-time high, which is represented at $20.13. The observer of the LINK coin finds it achieving a record almost every 24 hours.
LINK Coin Rise Despite Zeus Capital’s Vicious Campaign:
A few days ago, we mentioned in the Arab Bitcoin about the Zeus Capital investment fund and its attack on the LINK coin and the Chainlink project, and how it is a bubble project that will plunge its currency by more than 99%. You can go back and see in detail about the article entitled as follows:
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Crypto fund expects LINK to drop by 99%… for this reason
The strange thing is that since the beginning of the Zeus Capital fund campaign on August 2, the LINK coin has been rising more and achieving new numbers every period until now.
Where the price of the LINK coin was estimated at about $ 8 on August 2, to double the price of the coin and reach the time of writing this article at the price of $ 19.07, meaning an increase of 143%.
Yesterday, we also published a report on the Arab Bitcoin website from Santiment that tells that the currency will not continue to rise due to the investors starting to liquidate what they possess, and thus the currency decline is only a matter of time, according to the same report.
LINK’s future performance forecast:
With the LINK currency rising to new peaks at frequent intervals, this means that the general trend of the currency is bullish, while what the currency will reach from future heights remains just speculation and expectations.
According to the above daily chart of the LINK/USDT trading pair, the LINK currency reaches higher highs approximately every 24 hours.
Read:Here are the main reasons why the price of Bitcoin rose above the $54,000 level
On the other hand, the daily volume decline in August appears permanently, which is confirmed by the daily MACD indicator with the MACD moving averages not yet showing signs of exhaustion.
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While the daily MFI is high at 89, which indicates an overbought situation for the LINK.
This can also be confirmed by the severe deviation of the daily Bollinger Bands indicator from the average.
In short, all technical indicators indicate that the price of the LINK coin will face a correction very soon.
However, the fear of missing out on LINK has already begun and there is no answer to the question of when the currency’s peak value will be reached and all analyzes remain just guesswork.
From our side, in Arab Bitcoin, we always advise users and traders to use an appropriate stop loss and beware of using leverage except at low levels.
Read also:
LINK Coin Achieves ROI Over 100X Since Initial Coin Offering (ICO)
After the rise of LINK coin … the total market capitalization of decentralized finance reaches 11 billion dollars
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