LINK Price Eyes Recovery If It’s Able to Hold One Crucial Level

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	358,148,480,209	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

358,148,480,209

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-239.40	-7.45%	2,975.48	2,975.37	2,975.45

Price Change

Price Change %

Current Price

Bid Price

Offer

-239.40

-7.45%

2,975.48

2,975.37

2,975.45

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,249.66	2,916.34	3,209.81	3,214.88	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,249.66

2,916.34

3,209.81

3,214.88

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	22:46:41	0.008500	2,975.44	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

22:46:41

0.008500

2,975.44

USD

Price x Volume	Volume	Base Symbol	Related Pairs
393,337,450.85	129,411.91	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

393,337,450.85

129,411.91

LINK Price Eyes Recovery If It’s Able to Hold One Crucial Level

18/04/2024 5:40am

NEWSBTC

Chainlink’s LINK price retested the $12.00 support zone. The price is now eyeing a recovery wave above the $13.50 and $15.00 resistance levels. Chainlink price is showing bearish signs below the $15.00 resistance against the US dollar. The price is trading below the $14.20 level and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $13.50 on the 4-hour chart of the LINK/USD pair (data source from Kraken). The price could start a decent increase if it clears the $15.00 resistance zone. Chainlink (LINK) Price Eyes Steady Increase In the past few days, Chainlink saw a major decline from well above the $18.00 level. LINK price declined below the $15.00 pivot level to enter a short-term bearish zone, like Bitcoin and Ethereum. The price tested the $12.00 support zone. A low was formed at $11.92 and the price is now attempting a recovery wave. There was a move above the $12.50 level. It even jumped above the 23.6% Fib retracement level of the downward move from the $18.66 swing high to the $11.92 low. LINK price is still trading below the $14.20 level and the 100 simple moving average (4 hours). Immediate resistance is near the $13.50 level. There is also a key bearish trend line forming with resistance near $13.50 on the 4-hour chart of the LINK/USD pair. Source: LINKUSD on TradingView.com The next major resistance is near the $15.00 zone. A clear break above $15.00 may possibly start a steady increase toward the $16.00 level or the 61.8% Fib retracement level of the downward move from the $18.66 swing high to the $11.92 low. The next major resistance is near the $18.00 level, above which the price could test $20.00. More Losses? If Chainlink’s price fails to climb above the $13.50 resistance level, there could be a fresh decline. Initial support on the downside is near the $12.80 level. The next major support is near the $12.00 level, below which the price might test the $10.80 level. Any more losses could lead LINK toward the $10.00 level in the near term. Technical Indicators 4 hours MACD – The MACD for LINK/USD is gaining momentum in the bearish zone. 4 hours RSI (Relative Strength Index) – The RSI for LINK/USD is now below the 50 level. Major Support Levels – $12.80 and $12.00. Major Resistance Levels – $13.50 and $14.00.

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