LINK Price Prediction: Chainlink Gearing For Another Lift-Off to $8

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	512,634,183,390	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

512,634,183,390

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	3.42	0.01%	26,298.43	29,187.39	29,187.40

Price Change

Price Change %

Current Price

Bid Price

Offer

3.42

0.01%

26,298.43

29,187.39

29,187.40

High Price	Low Price	Open Price	Prev. Close	52 Week Range
26,298.43	26,284.25	26,289.70	26,295.01	15,500.00 - 31,862.21

High Price

Low Price

Open Price

Prev. Close

52 Week Range

26,298.43

26,284.25

26,289.70

26,295.01

15,500.00 - 31,862.21

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	01:07:41	0.000610	26,296.87	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

01:07:41

0.000610

26,296.87

USD

Price x Volume	Volume	Base Symbol	Related Pairs
424,875.64	16.16	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

424,875.64

16.16

LINK Price Prediction: Chainlink Gearing For Another Lift-Off to $8

30/03/2023 6:23am

NEWSBTC

Chainlink’s LINK price is showing positive signs above $7.00. The price could rise further if it clears the $7.65 and $7.80 resistance levels. Chainlink token price is showing positive signs and rising from $6.75 against the US dollar. The price is trading above the $7.00 level and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $7.0 on the 4-hours chart of the LINK/USD pair (data source from Kraken). The price could rally if there is a clear move above the $7.65 resistance zone. Chainlink (LINK) Eyes More Gains After a bearish reaction, LINK price found support near the $6.75 zone against the US Dollar. A low was formed near $6.741 and the price started a fresh increase, similar to bitcoin and ethereum. There was a clear move above the $6.95 and $7.00 resistance levels. Besides, there was a break above a major bearish trend line with resistance near $7.0 on the 4-hours chart of the LINK/USD pair. The pair climbed above the 50% Fib retracement level of the downward move from the $7.64 swing high to $6.74 low. Chainlink price is now trading above the $7.00 level and the 100 simple moving average (4-hours). It is also showing positive signs above the 76.4% Fib retracement level of the downward move from the $7.64 swing high to $6.74 low. Source: LINKUSD on TradingView.com On the upside, the price is facing resistance near the $7.65 zone. The first major resistance is near the $7.80 zone. A clear break above $7.80 may possibly start a fresh increase towards the $8.00 and $8.20 levels. The next major resistance is near the $8.50 level, above which the price could revisit $10. Dips Supported? If chainlink’s price fails to climb above the $7.65 resistance level, there could be a downside correction. An initial support on the downside is near the $7.20 level. The next major support is near the $7.00 level, below which the price might test the $6.75 support. Any more losses could lead the price towards the $6.50 level in the near term. Technical Indicators 4-hours MACD – The MACD for LINK/USD is gaining momentum in the bullish zone. 4-hours RSI (Relative Strength Index) – The RSI for LINK/USD is now above the 50 level. Major Support Levels – $7.20 and $7.00. Major Resistance Levels – $7.65 and $8.00.

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