Chainlink Makes New Record Highs Today Close to $45 - Forex News by FX Leaders
LINK/USD retreating lower now after the break earlier today

Chainlink Makes New Record Highs Today Close to $45

Posted Tuesday, May 4, 2021 by
Skerdian Meta • 1 min read

Chainlink token has been quite bullish since it started the climb in January this year. Its value has more than quadrupled since then as this cryptocurrency keeps making new highs, after every pullback down gets bought from buyers.

We have seen two major pullbacks in LINK/USD, one in the second half of February and the other in the second half of April. But then have both ended and the bullish trend has resumed, as this crypto keeps pushing to new highs.

Chainlink Live Chart 


April’s high above $44 were broken today, as the price climbed really close to $45. The 20 SMA (gray) has been doing a great job in the last couple of weeks, holding as support during pullbacks down and pushing the price higher. Now the price has retreated off the highs, but the momentum remains really bullish and retraces lower should be seen as good opportunities to go long on Chainlink.

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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