Chainlink price analysis: Due to a growing bullish trend, LINK rises to $7.24
The LINK/USD price experienced a significant recovery yesterday night, and the most recent Chainlink price analysis gives hopeful signs for today and is in favor of buyers. The latest developments have been positive, despite the gradual price oscillation and the bears’ attempts to secure the ascendant on the price chart by lowering the coin value at the very beginning of the day. The fact that the price is once again approaching the $7.24 level is encouraging for bulls. If buyers are tenacious, additional recovery appears feasible as well.
LINK/USD 1-day price chart: Bulls pursue $7.37 as their next target
The Chainlink price analysis for today shows strong momentum. The bulls have been in control of the market, though, since today’s price increase is a result of their actions. The bulls have raised the price to $7.24, and as of right now, the coin has increased in value by 1.90 percent over the previous 24 hours. However, the coin has lost 1.27 percent over the past week. Today’s market dominance is 0.32 percent due to the 3.62 percent increase in trading volume and the 1.97 percent growth in market cap.