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Chainlink price has yet to break through stiff resistance

A brief technical and on-chain analysis on Chainlink price. Here, FXStreet's analysts evaluate where LINK could be heading next. Please, subscribe to our YouTube channel, follow us on Twitter @FXScrypto and join our Telegram channel.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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The broader cryptocurrency market maintains a constructive tone, with Bitcoin sustaining gains above $78,000 on Thursday. The US July Personal Consumption Expenditures (PCE) Price Index inflation came in higher than expected on Wednesday, suggesting that inflation remains elevated. SPX6900 and VeChain recorded double-digit gains over the last 24 hours, emerging as top performers.

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