{"id":625552,"date":"2024-06-20T04:28:01","date_gmt":"2024-06-20T04:28:01","guid":{"rendered":"https:\/\/uniquehot.com\/?p=625552"},"modified":"2024-06-20T04:21:45","modified_gmt":"2024-06-20T04:21:45","slug":"chainlinks-ambitious-climb-link-15","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/link\/chainlinks-ambitious-climb-link-15\/","title":{"rendered":"Chainlink&#8217;s Ambitious Climb: LINK Price Aims for Key Upside Break"},"content":{"rendered":"<p><em>Chainlink\u2019s LINK price is consolidating above the $14.00 support. The price could gain bullish momentum if it clears the $14.65 resistance zone.<\/em><\/p>\n<ul>\n<li>Chainlink price is showing bullish signs and eyeing more gains above $15.00 against the US dollar.<\/li>\n<li>The price is trading below the $15.00 level and the 100-hourly simple moving average.<\/li>\n<li>There is a key contracting triangle forming with resistance near $14.40 on the hourly chart of the LINK\/USD pair (data source from Kraken).<\/li>\n<li>The price could start another increase if it clears the $14.65 resistance zone.<\/li>\n<\/ul>\n<h2>Chainlink Price Eyes Additional Upsides<\/h2>\n<p>In the past few sessions, Chainlink saw a decent upward move from the $13.00 zone. There was a move above the $13.50 and $14.00 levels. LINK bulls were in action unlike <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-recover-65k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>.<\/p>\n<p>However, the price seems to be facing hurdles near the $14.50 and $14.65 levels. A high was formed at $14.63 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $13.16 swing low to the $14.46 high.<\/p>\n<p>Chainlink is now trading below the $15.00 level and the <a href=\"https:\/\/uniquehot.com\/news\/chainlink\/chainlink-link-surge-17-50\/\" target=\"_blank\" rel=\"noopener \">100-hourly simple moving average<\/a>. There is also a key contracting triangle forming with resistance near $14.40 on the hourly chart of the LINK\/USD pair.<\/p>\n<figure id=\"attachment_625553\" aria-describedby=\"caption-attachment-625553\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/LINK-Price-Chainlink.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-625553 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/LINK-Price-Chainlink.png?resize=1024%2C461\" alt=\"Chainlink Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/LINK-Price-Chainlink.png?w=1835 1835w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/LINK-Price-Chainlink.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/LINK-Price-Chainlink.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/LINK-Price-Chainlink.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/LINK-Price-Chainlink.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/LINK-Price-Chainlink.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/LINK-Price-Chainlink.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-625553\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/LINKUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">LINKUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>Immediate resistance is near the $14.40 level or the triangle zone. The next major resistance is near the $14.65 zone. A clear break above $14.65 may possibly start a steady increase toward the $15.00 level. The next major resistance is near the $15.20 level, above which the price could test $15.85.<\/p>\n<h2>Another Decline In LINK?<\/h2>\n<p>If Chainlink\u2019s price fails to climb above the $14.40 resistance level, there could be a fresh decline. Initial support on the downside is near the $14.00 level or the triangle trend line.<\/p>\n<p>The next major support is near the $13.80 level or the 50% Fib retracement level of the upward move from the $13.16 swing low to the $14.46 high, below which the price might test the $13.50 level. Any more losses could lead LINK toward the $13.15 level in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for LINK\/USD is losing momentum in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $14.00 and $13.80.<\/p>\n<p>Major Resistance Levels \u2013 $14.40 and $14.65.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink\u2019s LINK price is consolidating above the $14.00 support. The price could gain bullish momentum if it clears the $14.65 resistance zone. Chainlink price is showing bullish signs and eyeing more gains above $15.00 against the US dollar. The price is trading below the $15.00 level and the 100-hourly simple moving average. There is a key contracting triangle forming with resistance near $14.40 on the hourly chart of the LINK\/USD pair (data source from Kraken). The price could start another increase if it clears the $14.65 resistance zone. Chainlink Price Eyes Additional Upsides In the past few sessions, Chainlink saw a decent upward move from the $13.00 zone. There was a move above the $13.50 and $14.00 levels. LINK bulls were in action unlike Bitcoin. However, the price seems to be facing hurdles near the $14.50 and $14.65 levels. A high was formed at $14.63 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $13.16 swing low to the $14.46 high. Chainlink is now trading below the $15.00 level and the 100-hourly simple moving average. There is also a key contracting triangle forming with resistance near $14.40 on the hourly chart of the LINK\/USD pair. Immediate resistance is near the $14.40 level or the triangle zone. The next major resistance is near the $14.65 zone. A clear break above $14.65 may possibly start a steady increase toward the $15.00 level. The next major resistance is near the $15.20 level, above which the price could test $15.85. Another Decline In LINK? If Chainlink\u2019s price fails to climb above the $14.40 resistance level, there could be a fresh decline. Initial support on the downside is near the $14.00 level or the triangle trend line. The next major support is near the $13.80 level or the 50% Fib retracement level of the upward move from the $13.16 swing low to the $14.46 high, below which the price might test the $13.50 level. Any more losses could lead LINK toward the $13.15 level in the near term. Technical Indicators Hourly MACD \u2013 The MACD for LINK\/USD is losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is now above the 50 level. Major Support Levels \u2013 $14.00 and $13.80. Major Resistance Levels \u2013 $14.40 and $14.65.<\/p>\n","protected":false},"author":67,"featured_media":625554,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83367],"tags":[16295,79580,16097,82825,89528,79480],"class_list":["post-625552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-link","tag-chainlink","tag-chainlink-price","tag-link","tag-link-price","tag-link-price-prediction","tag-linkusdt"],"acf":[],"yoast_head":"\n<title>Chainlink&#039;s Ambitious Climb: LINK Price Aims for Key Upside Break<\/title>\n<meta name=\"description\" content=\"Chainlink\u2019s LINK price is consolidating above the $14.00 support. 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