Hello everyone, I am Eleven. Today we are going to talk about LINK.
LINK token is the native token of the Chainlink network, which is based on blockchain technology and is used to combine external data with the blockchain. LINK token is a reward mechanism, mainly used to pay data providers, ChainLINK node operators, etc.
Looking at the above chart, we can see that today’s LINK price increased by +3.29% in 24 hours, the 24-hour trading volume was 74.8154 million, and the 24-hour trading amount was 6.161 billion.
LINK latest market
The MACD (moving average convergence divergence) has a golden cross above the 0 axis, which means that the market sentiment is biased towards bulls in the short term. At the same time, the RSI (relative strength index) also shows a bullish trend, which shows that the market is accumulating strength to move upward. If the price breaks through the upper track of the Bollinger Band, then this is a strong bullish signal.
Let's look at the trend of LINK today. From the four-hour line, the 5 consecutive positive days show a clear bullish trend, and the trading volume and volatility have also increased significantly. Eleven believes that this shows that the market activity is increasing. Although these signals indicate that the price of LINK is expected to continue to rise in the short term, Eleven believes that there is still room for rebound in the future.
11. Reminder: Although LINK is bullish in the short term, in the medium and long term, LINK has begun to fluctuate. Pay attention to the decline as an opportunity.
If you have any questions, you can follow my homepage and ask me directly. As long as Eleven knows, I will tell you everything!
