{"id":543042,"date":"2023-07-18T04:02:57","date_gmt":"2023-07-18T04:02:57","guid":{"rendered":"https:\/\/uniquehot.com\/?p=543042"},"modified":"2024-06-11T07:45:17","modified_gmt":"2024-06-11T07:45:17","slug":"link-price-prediction-chainlink-to-8-8","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/chainlink\/link-price-prediction-chainlink-to-8-8\/","title":{"rendered":"LINK Price Prediction: Chainlink Rallies Over 7% As The Bulls Aim $8.8"},"content":{"rendered":"<p><em>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<ul>\n<li>Chainlink token price is showing positive signs and rising from $6.50 against the US dollar.<\/li>\n<li>The price is trading above the $7.00 level and the 100 simple moving average (4 hours).<\/li>\n<li>There 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).<\/li>\n<li>The price could gain bullish momentum above the $7.35 resistance zone.<\/li>\n<\/ul>\n<h2>Chainlink (LINK) Price Eyes More Gains<\/h2>\n<p>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 <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-30500-fresh-rally\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-downsides-1900\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>.<\/p>\n<p>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<p>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<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-543043\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/Chainlink-LINK.png?resize=1835%2C845\" alt=\"LINK Price Prediction\" width=\"1835\" height=\"845\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/Chainlink-LINK.png?w=1835 1835w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/Chainlink-LINK.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/Chainlink-LINK.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/Chainlink-LINK.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/Chainlink-LINK.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/Chainlink-LINK.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/Chainlink-LINK.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/LINKUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">LINKUSD on TradingView.com<\/a><\/p>\n<p>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<h2>Dips Supported?<\/h2>\n<p>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<p>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<p>Technical Indicators<\/p>\n<p>4 hours MACD \u2013 The MACD for LINK\/USD is gaining momentum in the bullish zone.<\/p>\n<p>4 hours RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $6.90 and $6.65.<\/p>\n<p>Major Resistance Levels \u2013 $7.35 and $8.00.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. Chainlink token price is showing positive signs and rising from $6.50 against the US dollar. The price is trading above the $7.00 level and the 100 simple moving average (4 hours). There 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). The price could gain bullish momentum above the $7.35 resistance zone. Chainlink (LINK) Price Eyes More Gains 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 and Ethereum. 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). 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. Source: LINKUSD on TradingView.com 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. Dips Supported? 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. 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. Technical Indicators 4 hours MACD \u2013 The MACD for LINK\/USD is gaining momentum in the bullish zone. 4 hours RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is now above the 50 level. Major Support Levels \u2013 $6.90 and $6.65. Major Resistance Levels \u2013 $7.35 and $8.00.<\/p>\n","protected":false},"author":67,"featured_media":430115,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83381],"tags":[16295,16097,75940,79480],"class_list":["post-543042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chainlink","tag-chainlink","tag-link","tag-linkusd","tag-linkusdt"],"acf":[],"yoast_head":"\n<title>LINK Price Prediction: Chainlink Rallies Over 7% As The Bulls Aim $8.8<\/title>\n<meta name=\"description\" content=\"Chainlink\u2019s LINK price is gaining pace above $7.00. 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