ChainLink price analysis: Bullish spell drives LINK prices to $7.32

Chainlink price analysis shows indicates that the LINK/USD pair is currently in a bullish trend. The pair has been trading above the $7.00 level for the past few days and it looks like the bulls are in control.

Timeline of Chainlink

The daily technical chart shows the Chainlink price has followed a range-bound rally for the past four weeks. Several times, the coin price has retested both the upper($9.54) and lower($6.2-$5.8) barriers, validating them as areas of high interest.

ChainLink price analysis for September 14, 2022, reveals the market following a complete bullish movement, obtaining significant positive momentum, signifying a gain of positivity for the LINK market. The price of ChainLink has remained negative over the past few hours.

Chainlink's [LINK] hopes of reviving may have been given a big boost by the activities of Ethereum [ETH] whales. According to whale tracking platform, WhaleStats, LINK broke into the top ten assets in trading volume that ETH whales traded in the last 24 hours.

Chainlink (LINK) made a couple of announcements in line with the integration of ZIL/USD Price Feed that safeguards Web3 projects from crashes and data hacks as well as its thrust towards going green. Chainlink starts bullish but swerves towards the bearish zone Chainlink working on tech initiatives to combat climate change LINK total volume grows from 200 million to 516 million in September Chainlink in collaboration with Coorest, DlcimateDAO, and Hyphen is working on initiatives directed toward climate change.

ChainLink price analysis for September 12, 2022, reveals the market following a partial bearish movement, obtaining massive negative momentum, signifying a decline for the LINK market. The price of ChainLink has remained negative over the past few hours.

Chainlink is in the news today after it recently announced a couple of updates that could help LINK in this crypto-market.  According to one of these announcements, Chainlink has launched its new price feed that protects Web3 projects against data manipulation attacks and outlier events like flash crashes.

ChainLink price analysis for September 11, 2022, reveals the market following a complete bullish movement, obtaining significant positive momentum, signifying a gain of positivity for the LINK market. The price of ChainLink has remained negative over the past few hours.

Chainlink (LINK) is trading in the uptrend zone as the price is above the moving average lines. Yesterday, the altcoin faced rejection as the market reached the overbought zone at $8.00.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto's own research on the subject Chainlink [LINK] was on a bad downtrend until a week ago. However, the bullishness of the wider crypto-market had a significant impact on LINK's price charts.

ChainLink price analysis for September 10, 2022, reveals the market following a complete bullish movement, obtaining significant positive momentum, signifying a gain of positivity for the LINK market. The price of ChainLink has remained negative over the past few hours.