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July 03, 2023
Small gain for Chainlink at $6.59 after ranging between $6.49 and $6.61 today.
- United States ISM Manufacturing PMI (Jun) is next today at 14:00 UTC.
- $6.61 is Chainlink's highest rate in 4 weeks.
- Today's gains are adding to Chainlink's a 6 day bullish trend, during which it gained a total of $0.72.
Technical analysis of Chainlink before macro data is released:
Chainlink's notable support and resistance levels: Chainlink USD broke through the $6.59 resistance and climbed 14 cents above it. Technical analysis trend indicators suggest that investors are seeking long positions as Chainlink price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. According to asset volatility analysis, Chainlink's upper Bollinger Band® is at $6.83, this is a slight indication of a slowdown.
Overall, while Chainlink has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Coming up for Chainlink — United States ISM Manufacturing PMI (Jun) is scheduled for today at 14:00 UTC.
As the markets get ready for more data to be released — FTX Token soars 9.54% to trade around $1.36. Cosmos USD ascends 2.51% to trade around $9.84. TRON improves 0.82% to trade around $0.077.
Chainlink hit a significant low of $5.13 around 15 days ago, but has since recovered 27.32%.
