{"id":26029,"date":"2023-06-28T04:52:36","date_gmt":"2023-06-28T08:52:36","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=26029"},"modified":"2023-06-28T04:52:36","modified_gmt":"2023-06-28T08:52:36","slug":"link-price-prediction-chainlink-could-lift-off-toward-8","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/06\/28\/link-price-prediction-chainlink-could-lift-off-toward-8\/","title":{"rendered":"LINK Price Prediction: Chainlink Could Lift-off Toward $8"},"content":{"rendered":"

Chainlink\u2019s LINK price is showing positive signs above $6.00. The price could rise further if it clears the $6.30 and $6.50 resistance levels.<\/em><\/p>\n

Chainlink token price is showing positive signs and rising from $5.00 against the US dollar.
\nThe price is trading above the $6.00 level and the 100 simple moving average (4 hours).
\nThere was a break above a major bearish trend line with resistance near $5.10 on the 4-hour chart of the LINK\/USD pair (data source from Kraken).
\nThe price could extend its recovery and rally toward the $8.0 resistance zone.<\/p>\n

Chainlink (LINK) Eyes More Gains<\/h2>\n

After a major decline, LINK price found support near the $5.0 zone against the US Dollar. A low was formed near $5.004 and the price started a fresh increase, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a clear move above the $5.10 and $5.50 resistance levels. Besides, there was a break above a major bearish trend line with resistance near $5.10 on the 4-hours chart of the LINK\/USD pair. The upward move gained pace above the $5.80 resistance.<\/p>\n

LINK even jumped above $6.0 before the bears appeared. A high is formed near $6.37 and the price is now consolidating gains. Chainlink price is now trading above the $6.00 level and the 100 simple moving average (4 hours).<\/p>\n

It is also showing positive signs above the 23.6% Fib retracement level of the upward move from the $5.00 swing low to the $6.37 high. On the upside, the price is facing resistance near the $6.35 zone.<\/p>\n\n

Source: LINKUSD on TradingView.com<\/a><\/p>\n

The first major resistance is near the $6.50 zone. A clear break above $6.50 may possibly start a fresh increase toward the $7.20 and $7.25 levels. The next major resistance is near the $7.80 level, above which the price could revisit $8.0.<\/p>\n

Dips Supported?<\/h2>\n

If chainlink\u2019s price fails to climb above the $6.50 resistance level, there could be a downside correction. Initial support on the downside is near the $6.05 level.<\/p>\n

The next major support is near the $5.70 level, below which the price might test the 61.8% Fib retracement level of the upward move from the $5.00 swing low to the $6.37 high at $5.50. Any more losses could lead the price toward the $5.00 level in the near term.<\/p>\n

Technical Indicators<\/p>\n

4 hours MACD \u2013 The MACD for LINK\/USD is losing momentum in the bullish zone.<\/p>\n

4 hours RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $6.05 and $5.70.<\/p>\n

Major Resistance Levels \u2013 $6.35 and $6.50.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Chainlink\u2019s LINK price is showing positive signs above $6.00. The price could rise further if it clears the $6.30 and $6.50 resistance levels.<\/em><\/p>\n

Chainlink token price is showing positive signs and rising from $5.00 against the US dollar.
\nThe price is trading above the $6.00 level and the 100 simple moving average (4 hours).
\nThere was a break above a major bearish trend line with resistance near $5.10 on the 4-hour chart of the LINK\/USD pair (data source from Kraken).
\nThe price could extend its recovery and rally toward the $8.0 resistance zone.<\/p>\n

Chainlink (LINK) Eyes More Gains<\/h2>\n

After a major decline, LINK price found support near the $5.0 zone against the US Dollar. A low was formed near $5.004 and the price started a fresh increase, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a clear move above the $5.10 and $5.50 resistance levels. Besides, there was a break above a major bearish trend line with resistance near $5.10 on the 4-hours chart of the LINK\/USD pair. The upward move gained pace above the $5.80 resistance.<\/p>\n

LINK even jumped above $6.0 before the bears appeared. A high is formed near $6.37 and the price is now consolidating gains. Chainlink price is now trading above the $6.00 level and the 100 simple moving average (4 hours).<\/p>\n

It is also showing positive signs above the 23.6% Fib retracement level of the upward move from the $5.00 swing low to the $6.37 high. On the upside, the price is facing resistance near the $6.35 zone.<\/p>\n

Source: LINKUSD on TradingView.com<\/a><\/p>\n

The first major resistance is near the $6.50 zone. A clear break above $6.50 may possibly start a fresh increase toward the $7.20 and $7.25 levels. The next major resistance is near the $7.80 level, above which the price could revisit $8.0.<\/p>\n

Dips Supported?<\/h2>\n

If chainlink\u2019s price fails to climb above the $6.50 resistance level, there could be a downside correction. Initial support on the downside is near the $6.05 level.<\/p>\n

The next major support is near the $5.70 level, below which the price might test the 61.8% Fib retracement level of the upward move from the $5.00 swing low to the $6.37 high at $5.50. Any more losses could lead the price toward the $5.00 level in the near term.<\/p>\n

Technical Indicators<\/p>\n

4 hours MACD \u2013 The MACD for LINK\/USD is losing momentum in the bullish zone.<\/p>\n

4 hours RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $6.05 and $5.70.<\/p>\n

Major Resistance Levels \u2013 $6.35 and $6.50.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-26029","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/26029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=26029"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/26029\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=26029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=26029"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=26029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}