{"id":35098,"date":"2024-01-15T05:52:35","date_gmt":"2024-01-15T09:52:35","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=35098"},"modified":"2024-01-15T05:52:35","modified_gmt":"2024-01-15T09:52:35","slug":"link-price-rallies-over-5-a-new-uptrend-in-making-for-chainlink","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/01\/15\/link-price-rallies-over-5-a-new-uptrend-in-making-for-chainlink\/","title":{"rendered":"LINK Price Rallies Over 5%, A New Uptrend In Making For Chainlink?"},"content":{"rendered":"

Chainlink\u2019s 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.<\/em><\/p>\n

Chainlink price is showing positive signs above $14.50 against the US dollar.
\nThe price is trading above the $15.00 level and the 100 simple moving average (4 hours).
\nThere 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).
\nThe price could rally further if it clears the $16.40 resistance zone.<\/p>\n

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

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.<\/p>\n

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.<\/p>\n

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<\/a> and Ethereum<\/a>. 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.<\/p>\n

<\/a><\/p>\n

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

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.<\/p>\n

Are Dips Limited?<\/h2>\n

If Chainlink\u2019s 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.<\/p>\n

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.<\/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 $15.00 and $14.50.<\/p>\n

Major Resistance Levels \u2013 $15.65 and $16.50.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Chainlink\u2019s 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.<\/em><\/p>\n

Chainlink price is showing positive signs above $14.50 against the US dollar.
\nThe price is trading above the $15.00 level and the 100 simple moving average (4 hours).
\nThere 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).
\nThe price could rally further if it clears the $16.40 resistance zone.<\/p>\n

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

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.<\/p>\n

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.<\/p>\n

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<\/a> and Ethereum<\/a>. 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.<\/p>\n

<\/a><\/p>\n

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

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.<\/p>\n

Are Dips Limited?<\/h2>\n

If Chainlink\u2019s 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.<\/p>\n

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.<\/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 $15.00 and $14.50.<\/p>\n

Major Resistance Levels \u2013 $15.65 and $16.50.<\/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-35098","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\/35098","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=35098"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35098\/revisions"}],"predecessor-version":[{"id":35104,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35098\/revisions\/35104"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=35098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=35098"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=35098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}