{"id":28019,"date":"2023-08-10T07:52:38","date_gmt":"2023-08-10T11:52:38","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=28019"},"modified":"2023-08-10T07:52:38","modified_gmt":"2023-08-10T11:52:38","slug":"link-price-prediction-chainlink-turns-attractive-on-dips","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/08\/10\/link-price-prediction-chainlink-turns-attractive-on-dips\/","title":{"rendered":"LINK Price Prediction: Chainlink Turns Attractive On Dips"},"content":{"rendered":"

Chainlink\u2019s LINK price is showing positive signs pace above $7.20. The price could rise further if it stays above the $7.30 support zone.<\/em><\/p>\n

Chainlink token price is showing positive signs and rising from $7.00 against the US dollar.
\nThe price is trading above the $7.30 level and the 100 simple moving average (4 hours).
\nThere was a break above a major bearish trend line with resistance near $7.35 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 $6.95 level against the US Dollar. A low was formed near $6.933 and the price started a fresh increase, unlike Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a clear move above the $7.10 and $7.20 resistance levels. Besides, there was a break above a major bearish trend line with resistance near $7.35 on the 4-hour chart of the LINK\/USD pair. Finally, the pair traded close to the $8.00 zone.<\/p>\n

A high is formed near $7.914 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $6.933 swing low to the $7.914 high.<\/p>\n\n

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

LINK price is now trading above the $7.30 level and the 100 simple moving average (4 hours). It is now facing resistance near the $7.80 level. The first major resistance is near the $7.95 zone. A clear break above $7.95 may possibly start a fresh increase toward the $8.20 and $8.255 levels. The next major resistance is near the $8.50 level, above which the price could revisit $8.80.<\/p>\n

Dips Supported?<\/h2>\n

If Chainlink\u2019s price fails to climb above the $7.95 resistance level, there could be a downside correction. Initial support on the downside is near the $7.50 level and the 100 simple moving average (4 hours).<\/p>\n

The next major support is near the $7.30 level and 61.8% Fib retracement level of the upward move from the $6.933 swing low to the $7.914 high, below which the price might test the $7.10 level. Any more losses could lead the price toward the $7.00 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 $7.50 and $7.30.<\/p>\n

Major Resistance Levels \u2013 $7.80 and $7.95.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Chainlink\u2019s LINK price is showing positive signs pace above $7.20. The price could rise further if it stays above the $7.30 support zone.<\/em><\/p>\n

Chainlink token price is showing positive signs and rising from $7.00 against the US dollar.
\nThe price is trading above the $7.30 level and the 100 simple moving average (4 hours).
\nThere was a break above a major bearish trend line with resistance near $7.35 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 $6.95 level against the US Dollar. A low was formed near $6.933 and the price started a fresh increase, unlike Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a clear move above the $7.10 and $7.20 resistance levels. Besides, there was a break above a major bearish trend line with resistance near $7.35 on the 4-hour chart of the LINK\/USD pair. Finally, the pair traded close to the $8.00 zone.<\/p>\n

A high is formed near $7.914 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $6.933 swing low to the $7.914 high.<\/p>\n

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

LINK price is now trading above the $7.30 level and the 100 simple moving average (4 hours). It is now facing resistance near the $7.80 level. The first major resistance is near the $7.95 zone. A clear break above $7.95 may possibly start a fresh increase toward the $8.20 and $8.255 levels. The next major resistance is near the $8.50 level, above which the price could revisit $8.80.<\/p>\n

Dips Supported?<\/h2>\n

If Chainlink\u2019s price fails to climb above the $7.95 resistance level, there could be a downside correction. Initial support on the downside is near the $7.50 level and the 100 simple moving average (4 hours).<\/p>\n

The next major support is near the $7.30 level and 61.8% Fib retracement level of the upward move from the $6.933 swing low to the $7.914 high, below which the price might test the $7.10 level. Any more losses could lead the price toward the $7.00 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 $7.50 and $7.30.<\/p>\n

Major Resistance Levels \u2013 $7.80 and $7.95.<\/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-28019","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\/28019","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=28019"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/28019\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=28019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=28019"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=28019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}