{"id":569539,"date":"2024-01-15T05:22:12","date_gmt":"2024-01-15T05:22:12","guid":{"rendered":"https:\/\/uniquehot.com\/?p=569539"},"modified":"2024-06-11T14:44:27","modified_gmt":"2024-06-11T14:44:27","slug":"link-price-rallies-over-15","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/chainlink\/link-price-rallies-over-15\/","title":{"rendered":"LINK Price Rallies Over 5%, A New Uptrend In The 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
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Chainlink price is showing positive signs above $14.50 against the US dollar.<\/li>\n
The price is trading above the $15.00 level and the 100 simple moving average (4 hours).<\/li>\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 (data source from Kraken).<\/li>\n
The price could rally further if it clears the $16.40 resistance zone.<\/li>\n<\/ul>\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