{"id":433930,"date":"2020-08-10T07:48:14","date_gmt":"2020-08-10T07:48:14","guid":{"rendered":"https:\/\/uniquehot.com\/?p=433930"},"modified":"2020-08-10T07:18:49","modified_gmt":"2020-08-10T07:18:49","slug":"chainlink-link-could-surge-above-15","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/chainlink-link-could-surge-above-15\/","title":{"rendered":"Technicals Suggest Chainlink (LINK) Could Surge Further Above $15"},"content":{"rendered":"
Chainlink (LINK) rallied close to $14.500 before starting a downside correction against the US Dollar. It is currently holding the $12.500 and it seems to be aligning for more gains above $15.000.<\/em><\/p>\n In the past few days, there was a steady rise in chainlink (LINK)<\/a> above the $10.000 and $12.000 resistance levels against the US Dollar. LINK even broke the key $12.50 resistance and settled well above the 100 simple moving average (4-hours).<\/p>\n It traded to a new all-time high near $14.500 and recently corrected lower. There was a break below the $14.000 and $13.200 support levels. The price even corrected lower below the 23.6% Fib retracement level of the upward move from the $9.185 swing low to $14.496 high.<\/p>\n However, the bulls were able to protect the $12.500 support zone. The price also remained stable above the 50% Fib retracement level of the upward move from the $9.185 swing low to $14.496 high.<\/p>\n <\/a><\/p>\n It seems like there is a key rising channel forming with support near $13.050 on the 4-hours chart of the LINK\/USD pair. On the upside, the price is facing a coupe of hurdles near $14.000 and $14.200. If the bulls gain strength above $14.200, the price could easily clear the $14.500 resistance.<\/p>\n In the mentioned case, the price could accelerate higher towards the $15.000 and $15.200 levels. The next major resistance is seen near the $15.600 level. Any further gains might open the doors for $16.00 in the near term.<\/p>\n In the short-term, there could be a minor downside correction in LINK price towards the $13.200 support. The first major support is near the $13.000 level.<\/p>\n The main support is near the $12.500 level, below which the price could start an extended decline towards the $11.000 support or even 10.250.<\/p>\n Technical Indicators<\/p>\n 4-hours MACD \u2013 The MACD for LINK\/USD is gaining pace in the bullish zone.<\/p>\n 4-hours RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is currently correcting lower towards the 55 level.<\/p>\n Major Support Levels \u2013 $13.200, $13.000 and $12.500.<\/p>\n Major Resistance Levels \u2013 $14.000, $14.500 and $15.000.<\/p>\n","protected":false},"excerpt":{"rendered":" Chainlink (LINK) rallied close to $14.500 before starting a downside correction against the US Dollar. It is currently holding the $12.500 and it seems to be aligning for more gains above $15.000. Chainlink token price is trading in a strong uptrend above $12.500 and $13.000 against the US dollar. The price is likely to accelerate higher above the $14.000 and $14.200 resistance levels. There is a key rising channel forming with support near $13.050 on the 4-hours chart of the LINK\/USD pair (data source from Kraken). The pair might correct a few points, but dips are likely to find buyers near $13.000 and $12.500. Chainlink (LINK) Remains In Strong Uptrend In the past few days, there was a steady rise in chainlink (LINK) above the $10.000 and $12.000 resistance levels against the US Dollar. LINK even broke the key $12.50 resistance and settled well above the 100 simple moving average (4-hours). It traded to a new all-time high near $14.500 and recently corrected lower. There was a break below the $14.000 and $13.200 support levels. The price even corrected lower below the 23.6% Fib retracement level of the upward move from the $9.185 swing low to $14.496 high. However, the bulls were able to protect the $12.500 support zone. The price also remained stable above the 50% Fib retracement level of the upward move from the $9.185 swing low to $14.496 high. LINK price above $12.500. Source: TradingView.com It seems like there is a key rising channel forming with support near $13.050 on the 4-hours chart of the LINK\/USD pair. On the upside, the price is facing a coupe of hurdles near $14.000 and $14.200. If the bulls gain strength above $14.200, the price could easily clear the $14.500 resistance. In the mentioned case, the price could accelerate higher towards the $15.000 and $15.200 levels. The next major resistance is seen near the $15.600 level. Any further gains might open the doors for $16.00 in the near term. Dips Supported In the short-term, there could be a minor downside correction in LINK price towards the $13.200 support. The first major support is near the $13.000 level. The main support is near the $12.500 level, below which the price could start an extended decline towards the $11.000 support or even 10.250. Technical Indicators 4-hours MACD \u2013 The MACD for LINK\/USD is gaining pace in the bullish zone. 4-hours RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is currently correcting lower towards the 55 level. Major Support Levels \u2013 $13.200, $13.000 and $12.500. Major Resistance Levels \u2013 $14.000, $14.500 and $15.000.<\/p>\n","protected":false},"author":67,"featured_media":433934,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,4],"tags":[],"class_list":["post-433930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-analysis"],"acf":[],"yoast_head":"\n\n
Chainlink (LINK) Remains In Strong Uptrend<\/h2>\n
LINK price above $12.500. Source: TradingView.com<\/a><\/pre>\n
Dips Supported<\/h2>\n