The Chainlink price prediction shows that LINK is likely to climb above the upper boundary of the channel to continue the upward trend.

Chainlink Prediction Statistics Data:

• Chainlink price now – $14.85
• Chainlink market cap – $8.2 billion
• Chainlink circulating supply – 556.8 million
• Chainlink total supply – 1billion
• Chainlink CoinMarketCap ranking – #11

LINK/USD Market

Key Levels:

Resistance levels: $20.0, $22.0, $24.0

Support levels: $10.0, $8.0, $6.0

LINK/USD is currently changing hands at around $14.85 as the coin touches the daily high at $15.34 with a market cap of $8.2 billion. Today’s trading begins with a slight uptrend in the market as the coin hovers above the 9-day and 21-day moving averages. However, according to the daily chart, traders are anticipating that the current price movement is an indication of the upcoming price rally in the market.

Chainlink Price Prediction: LINK/USD May Gain More Uptrends

Looking at the daily chart, the next step for the Chainlink price is to stay above the 9-day and 21-day moving averages. Once this is done, bulls may now push the coin toward the upper boundary of the channel to touch the nearest resistance level at $18.0.

However, as the 9-day MA crosses above the 21-day MA, LINK/USD may continue to move to the north, once this plays out, it can manage to sustain the bullish movement toward the resistance levels of $20.0, $22.0, and $24.0. Meanwhile, if the price decides to make a quick turn to the south, the support levels could be found at $10.0, $8.0, and $6.0 respectively.

LINK/BTC Could Move the Upside

Against Bitcoin, the Chainlink price is moving to cross above the moving averages as the coin faces the north. At the moment, bulls are likely to push the coin to the positive side if the buyers increase the buying pressure within the channel.

However, if the bulls push the price toward the upper boundary of the channel, LINK/BTC may touch the resistance level of 5000 SAT and above. Meanwhile, the continuation of the bullish movement may keep the price above the moving averages, but sliding below the lower boundary of the channel may cause the coin to hit the support level of 3000 SAT and below.

Alternatives Chainlink

The Chainlink price may stay above the moving averages and if the resistance of $16.00 gives way, the bull run may come to focus, and the coin may create an additional bullish trend. According to the daily chart, the bullish scenario seems to surface as buyers continue to post firm commitments into the market and traders could see a sharp rise toward the upper boundary of the channel.

However, Bitcoin Minetrix (BTCMTX) is gaining attention as a new and innovative token compared to Chainlink (LINK). While LINK has a history in the crypto market, BTCMTX introduces a decentralized cloud mining platform, allowing investors to earn passive BTC mining rewards by staking the token. The presale for BTCMTX has been highly successful, raising over $4.4 million, indicating strong demand for this promising project. BTCMTX stands out with its unique features and potential impact on the evolving cryptocurrency landscape.

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• Source: https://insidebitcoins.com/news/chainlink-price-prediction-for-today-november-26-link-technical-analysis