{"id":26930,"date":"2023-07-18T04:53:20","date_gmt":"2023-07-18T08:53:20","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=26930"},"modified":"2023-07-18T04:53:20","modified_gmt":"2023-07-18T08:53:20","slug":"link-price-prediction-chainlink-rallies-over-7-as-the-bulls-aim-8-8","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/07\/18\/link-price-prediction-chainlink-rallies-over-7-as-the-bulls-aim-8-8\/","title":{"rendered":"LINK Price Prediction: Chainlink Rallies Over 7% As The Bulls Aim $8.8"},"content":{"rendered":"

Chainlink\u2019s LINK price is gaining pace above $7.00. The price could rise further if it clears the $7.35 and $7.50 resistance levels.<\/em><\/p>\n

Chainlink token price is showing positive signs and rising from $6.50 against the US dollar.
\nThe price is trading above the $7.00 level and the 100 simple moving average (4 hours).
\nThere is a major bullish trend line forming with support near $6.65 on the 4-hour chart of the LINK\/USD pair (data source from Kraken).
\nThe price could gain bullish momentum above the $7.35 resistance zone.<\/p>\n

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

After a short-term downside correction, LINK price found support near the $6.45 level against the US Dollar. A low was formed near $6.458 and the price started a fresh increase, unlike Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a clear move above the $6.65 and $6.90 resistance levels. The price climbed above the 50% Fib retracement level of the downward move from the $7.36 swing high to the $6.458 low. LINK price is now trading above the $7.00 level and the 100 simple moving average (4 hours).<\/p>\n

There is also a major bullish trend line forming with support near $6.65 on the 4-hour chart of the LINK\/USD pair. The pair is now facing resistance near the 76.4% Fib retracement level of the downward move from the $7.36 swing high to the $6.458 low.<\/p>\n\n

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

The first major resistance is near the $7.35 zone. A clear break above $7.35 may possibly start a fresh increase toward the $7.50 and $7.85 levels. The next major resistance is near the $8.00 level, above which the price could revisit $8.80.<\/p>\n

Dips Supported?<\/h2>\n

If Chainlink\u2019s price fails to climb above the $7.35 resistance level, there could be a downside correction. Initial support on the downside is near the $6.90 level.<\/p>\n

The next major support is near the $6.65 level and the trend line zone, below which the price might test the $6.45 level. Any more losses could lead the price toward the $6.00 level in the near term.<\/p>\n

Technical Indicators<\/p>\n

4 hours MACD \u2013 The MACD for LINK\/USD is gaining 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 $6.90 and $6.65.<\/p>\n

Major Resistance Levels \u2013 $7.35 and $8.00.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Chainlink\u2019s LINK price is gaining pace above $7.00. The price could rise further if it clears the $7.35 and $7.50 resistance levels.<\/em><\/p>\n

Chainlink token price is showing positive signs and rising from $6.50 against the US dollar.
\nThe price is trading above the $7.00 level and the 100 simple moving average (4 hours).
\nThere is a major bullish trend line forming with support near $6.65 on the 4-hour chart of the LINK\/USD pair (data source from Kraken).
\nThe price could gain bullish momentum above the $7.35 resistance zone.<\/p>\n

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

After a short-term downside correction, LINK price found support near the $6.45 level against the US Dollar. A low was formed near $6.458 and the price started a fresh increase, unlike Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a clear move above the $6.65 and $6.90 resistance levels. The price climbed above the 50% Fib retracement level of the downward move from the $7.36 swing high to the $6.458 low. LINK price is now trading above the $7.00 level and the 100 simple moving average (4 hours).<\/p>\n

There is also a major bullish trend line forming with support near $6.65 on the 4-hour chart of the LINK\/USD pair. The pair is now facing resistance near the 76.4% Fib retracement level of the downward move from the $7.36 swing high to the $6.458 low.<\/p>\n

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

The first major resistance is near the $7.35 zone. A clear break above $7.35 may possibly start a fresh increase toward the $7.50 and $7.85 levels. The next major resistance is near the $8.00 level, above which the price could revisit $8.80.<\/p>\n

Dips Supported?<\/h2>\n

If Chainlink\u2019s price fails to climb above the $7.35 resistance level, there could be a downside correction. Initial support on the downside is near the $6.90 level.<\/p>\n

The next major support is near the $6.65 level and the trend line zone, below which the price might test the $6.45 level. Any more losses could lead the price toward the $6.00 level in the near term.<\/p>\n

Technical Indicators<\/p>\n

4 hours MACD \u2013 The MACD for LINK\/USD is gaining 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 $6.90 and $6.65.<\/p>\n

Major Resistance Levels \u2013 $7.35 and $8.00.<\/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-26930","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\/26930","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=26930"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/26930\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=26930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=26930"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=26930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}