Monday, August 4, 2025
No Result
View All Result
DOLLAR BITCOIN
Shop
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
DOLLAR BITCOIN
No Result
View All Result
Home Market & Analysis

LINK Price Rallies Over 5%, A New Uptrend In The Making For Chainlink?

n70products by n70products
January 15, 2024
in Market & Analysis
0
LINK Price Rallies Over 5%, A New Uptrend In The Making For Chainlink?
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Chainlink’s LINK value is transferring greater above the $15.00 resistance. The worth is now up over 5% and would possibly goal for a transfer towards the $18.00 resistance.

  • Chainlink value is exhibiting constructive indicators above $14.50 towards the US greenback.
  • The worth is buying and selling above the $15.00 stage and the 100 easy transferring common (4 hours).
  • There was a break above a key bearish development line with resistance close to $14.85 on the 4-hour chart of the LINK/USD pair (information supply from Kraken).
  • The worth may rally additional if it clears the $16.40 resistance zone.

Chainlink (LINK) Value Eyes Extra Upsides

Previously few periods, Chainlink bulls had been in a position to ship the worth above a couple of key hurdles at $14.50. Earlier, LINK value shaped a base above the $12.50 and began a recent enhance.

There was a break above a key bearish development line with resistance close to $14.85 on the 4-hour chart of the LINK/USD pair. The bulls pumped the pair above the 50% Fib retracement stage of the downward transfer from the $17.59 swing excessive to the $12.50 low.

LINK is now buying and selling above the $15.00 stage and the 100 easy transferring common (4 hours). The worth is up over 5% and outpacing each Bitcoin and Ethereum. If the bulls stay in motion, the worth may rise additional. Speedy resistance is close to the 61.8% Fib retracement stage of the downward transfer from the $17.59 swing excessive to the $12.50 low at $15.65.

Chainlink (LINK)

Supply: LINKUSD on TradingView.com

The following main resistance is close to the $16.40 zone. A transparent break above $16.40 could probably begin a gradual enhance towards the $17.50 and $18.00 ranges. The following main resistance is close to the $18.80 stage, above which the worth may take a look at $20.00.

Are Dips Restricted?

If Chainlink’s value fails to climb above the $15.65 resistance stage, there may very well be a draw back correction. Preliminary assist on the draw back is close to the $14.50 stage.

The following main assist is close to the $13.70 stage, beneath which the worth would possibly take a look at the $13.00 stage. Any extra losses could lead on LINK towards the $12.50 stage within the close to time period.

Technical Indicators

4 hours MACD – The MACD for LINK/USD is gaining momentum within the bullish zone.

4 hours RSI (Relative Power Index) – The RSI for LINK/USD is now above the 50 stage.

Main Help Ranges – $15.00 and $14.50.

Main Resistance Ranges – $15.65 and $16.50.

Disclaimer: The article is supplied for instructional functions solely. It doesn’t characterize the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You might be suggested to conduct your individual analysis earlier than making any funding selections. Use data supplied on this web site completely at your individual threat.



Source link

Tags: ChainlinkLINKMakingPriceRalliesUptrend
Previous Post

Crypto Analyst Unveils Bullish End Of Year Predictions For Ethereum

Next Post

Ripple CEO Will Speak At The World Economic Forum (WEF)

Next Post
Ripple CEO Will Speak At The World Economic Forum (WEF)

Ripple CEO Will Speak At The World Economic Forum (WEF)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

SEC delays Ethereum ETF staking verdict – Here’s why and what next?

SEC delays Ethereum ETF staking verdict – Here’s why and what next?

April 15, 2025
No silver bullet: Closing the gender gap in the era of generative AI

No silver bullet: Closing the gender gap in the era of generative AI

March 10, 2024
Dogecoin Slides 18% But Whale Activity Suggests Bullish Outlook

Dogecoin Slides 18% But Whale Activity Suggests Bullish Outlook

October 2, 2024
Trader Predicts Breakout Rally for Under-the-Radar Altcoin, Says Cardano (ADA) Uptrend Looks Healthy

Trader Predicts Breakout Rally for Under-the-Radar Altcoin, Says Cardano (ADA) Uptrend Looks Healthy

March 6, 2024
Will Bitcoin Repeat Classic Breakout Pattern To Surge Above $104,000?

Will Bitcoin Repeat Classic Breakout Pattern To Surge Above $104,000?

May 4, 2025
Aptos Co-Founder Says Layer-1 Project Approaching Tipping Point of Mainstream Adoption

Aptos Co-Founder Says Layer-1 Project Approaching Tipping Point of Mainstream Adoption

October 9, 2024

Recent Posts

  • UK Falling Behind on Stablecoins, Crypto Adoption
  • Anthropic wants to stop AI models from turning evil – here’s how
  • Arthur Hayes dumps $8.3M ETH as SharpLink buys $100M – Who’s right about Ethereum?

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Blog
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

Recommended

UK Falling Behind on Stablecoins, Crypto Adoption

UK Falling Behind on Stablecoins, Crypto Adoption

August 4, 2025
Anthropic wants to stop AI models from turning evil – here’s how

Anthropic wants to stop AI models from turning evil – here’s how

August 4, 2025

© 2023 Dollar-Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet

© 2023 Dollar-Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
💵 Turn Every Dollar Into Crypto Rewards! Wirex lets you spend dollars or bitcoin — and get up to 8% back in crypto instantly. 💸 Exclusive offers dropping soon — stay tuned!
“Offers Launching Soon”
This is default text for notification bar
Learn more
Go to mobile version