LINK Price Rallies Over 5%, A New Uptrend In Making For Chainlink?
15 Janvier 2024 - 6:22AM
NEWSBTC
Chainlink’s LINK price is moving higher above the $15.00
resistance. The price is now up over 5% and might aim for a move
toward the $18.00 resistance. Chainlink price is showing positive
signs above $14.50 against the US dollar. The price is trading
above the $15.00 level and the 100 simple moving average (4 hours).
There was a break above a key bearish trend line with resistance
near $14.85 on the 4-hour chart of the LINK/USD pair (data source
from Kraken). The price could rally further if it clears the $16.40
resistance zone. Chainlink (LINK) Price Eyes More Upsides In the
past few sessions, Chainlink bulls were able to send the price
above a few key hurdles at $14.50. Earlier, LINK price formed a
base above the $12.50 and started a fresh increase. There was a
break above a key bearish trend line with resistance near $14.85 on
the 4-hour chart of the LINK/USD pair. The bulls pumped the pair
above the 50% Fib retracement level of the downward move from the
$17.59 swing high to the $12.50 low. LINK is now trading above the
$15.00 level and the 100 simple moving average (4 hours). The price
is up over 5% and outpacing both Bitcoin and Ethereum. If the bulls
remain in action, the price could rise further. Immediate
resistance is near the 61.8% Fib retracement level of the downward
move from the $17.59 swing high to the $12.50 low at $15.65.
Source: LINKUSD on TradingView.com The next major resistance is
near the $16.40 zone. A clear break above $16.40 may possibly start
a steady increase toward the $17.50 and $18.00 levels. The next
major resistance is near the $18.80 level, above which the price
could test $20.00. Are Dips Limited? If Chainlink’s price fails to
climb above the $15.65 resistance level, there could be a downside
correction. Initial support on the downside is near the $14.50
level. The next major support is near the $13.70 level, below which
the price might test the $13.00 level. Any more losses could lead
LINK toward the $12.50 level in the near term. Technical Indicators
4 hours MACD – The MACD for LINK/USD is gaining momentum in the
bullish zone. 4 hours RSI (Relative Strength Index) – The RSI for
LINK/USD is now above the 50 level. Major Support Levels – $15.00
and $14.50. Major Resistance Levels – $15.65 and $16.50.
ChainLink Token (COIN:LINKUSD)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
ChainLink Token (COIN:LINKUSD)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024