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The rates of most coins are falling at the end of the week, according to CoinStats.
Unlike most of the other cryptocurrencies, the price of LINK has risen by 1.36% over the last 24 hours.
On the hourly chart, the rate of LINK is looking bullish as it is above the local level of $17.98. If buyers can hold the gained initiative, the rise may continue to the $18.60-$18.80 zone tomorrow.
On the bigger time frame, traders should focus on the candle closure in terms of yesterday's peak. If it happens above $18.14, the upward move can lead to a test of the $19.50 area within the next few days.
From the midterm point of view, the picture is also bullish. The rate of LINK has accumulated enough energy for a continued move.
If the bar closes around the current prices, one can expect a test of $20 soon.
LINK is trading at $18.246 at press time.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
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