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BTCUSD Bitcoin

66,561.72

369.70 (0.56%)

16:29:28 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,307,020,415,392	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	369.70	0.56%	66,561.72	66,561.71	66,561.72

High Price	Low Price	Open Price	Prev. Close	52 Week Range
66,760.00	65,999.00	66,174.72	66,192.01	24,900.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	16:29:28	0.000089	66,561.72	USD

Price x Volume	Volume	Base Symbol	Related Pairs
99,523,097.83	1,498.93	BTC	BTCEUR	BTCGBP	ETHBTC

Chainlink (LINK) Primed for Another Surge: Major Rally on the Horizon?

24/05/2024 4:18am

NEWSBTC

Chainlink’s LINK price is gaining bullish momentum above $16.50. The price could continue to move up if it clears the $17.50 resistance zone. Chainlink price is showing bullish signs and eyeing more gains above $17.00 against the US dollar. The price is trading above the $16.50 level and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance near $16.50 on the hourly chart of the LINK/USD pair (data source from Kraken). The price could start another increase if it clears the $17.50 resistance zone. Chainlink Price Eyes Additional Upsides In the past few days, Chainlink remained in a positive zone above the $15.00 level, like Bitcoin and Ethereum. There was a move above the $16.50 and $17.00 levels. A high was formed at $17.45 before there was a downside correction. The price dipped below $16.50 and tested $15.35. A low was formed at $15.34 and the price recently attempted a fresh increase. There was a move above the $16.50 level. It even jumped above the 50% Fib retracement level of the downward move from the $17.45 swing high to the $15.34 low. Besides, there was a break above a key bearish trend line with resistance near $16.50 on the hourly chart of the LINK/USD pair. Chainlink is now trading above the $16.50 level and the 100 simple moving average (4 hours). Immediate resistance is near the $16.90 level or the 76.4% Fib retracement level of the downward move from the $17.45 swing high to the $15.34 low. The next major resistance is near the $17.50 zone. A clear break above $17.50 may possibly start a steady increase toward the $18.20 level. The next major resistance is near the $18.80 level, above which the price could test $20.00. Another Decline In LINK? If Chainlink’s price fails to climb above the $17.50 resistance level, there could be a fresh decline. Initial support on the downside is near the $16.65 level. The next major support is near the $16.20 level, below which the price might test the $15.50 level. Any more losses could lead LINK toward the $15.00 level in the near term. Technical Indicators Hourly MACD – The MACD for LINK/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for LINK/USD is now above the 50 level. Major Support Levels – $16.65 and $16.20. Major Resistance Levels – $17.00 and $17.50.

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