LINK Price Regains Strength, Why Chainlink Could Surge Over 10%

Name	Symbol	Market	Market Cap ($)	Algorithm
ChainLink Token	LINKUSD	Crypto	8,278,109,595	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

ChainLink Token

LINKUSD

Crypto

8,278,109,595

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.360	-2.49%	14.12	14.12	14.12

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.360

-2.49%

14.12

High Price	Low Price	Open Price	Prev. Close	52 Week Range
14.52	13.89	14.50	14.48	4.74 - 22.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

14.52

13.89

14.50

14.48

4.74 - 22.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	14:10:25	32.35	14.12	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

14:10:25

32.35

14.12

USD

Price x Volume	Volume	Base Symbol	Related Pairs
8,016,854.46	567,755.93	LINK	LINKEUR	LINKGBP	LINKBTC

Price x Volume

Volume

Base Symbol

Related Pairs

8,016,854.46

567,755.93

LINK Price Regains Strength, Why Chainlink Could Surge Over 10%

11/03/2024 4:58am

NEWSBTC

Chainlink’s LINK price is moving higher above the $20.00 resistance. The price is now up over 5% and might aim for a move toward the $25.00 resistance. Chainlink price is showing positive signs above $20.00 against the US dollar. The price is trading above the $20.50 level and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $20.00 on the 4-hour chart of the LINK/USD pair (data source from Kraken). The price could rally further if it clears the $22.00 resistance zone. Chainlink (LINK) Price Eyes More Upsides In the past few sessions, Chainlink bulls were able to send the price above a few key hurdles at $18.50. Earlier, LINK price formed a base above the $16.75 and started a fresh increase. There was a break above a key bearish trend line with resistance near $20.00 on the 4-hour chart of the LINK/USD pair. The bulls pumped the pair above the $22.00 level. A new multi-month high was formed at $22.85 before the price started a downside correction. There was a move below the $22.00 level. The price declined below the 23.6% Fib retracement level of the upward move from the $16.75 swing low to the $22.85 high. LINK is now trading above the $20.50 level and the 100 simple moving average (4 hours). The price is up over 5% and outpacing both Bitcoin and Ethereum. If the bulls remain in action, the price could rise further. Immediate resistance is near the $21.80 level. Source: LINKUSD on TradingView.com The next major resistance is near the $22.00 zone. A clear break above $22.00 may possibly start a steady increase toward the $23.00 and $24.20 levels. The next major resistance is near the $24.80 level, above which the price could test $25.00. Are Dips Limited? If Chainlink’s price fails to climb above the $22.00 resistance level, there could be a downside correction. Initial support on the downside is near the $21.00 level. The next major support is near the $20.00 level or the 50% Fib retracement level of the upward move from the $16.75 swing low to the $22.85 high, below which the price might test the $18.80 level. Any more losses could lead LINK toward the $17.65 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 – $21.00 and $20.00. Major Resistance Levels – $22.00 and $23.00.

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LINKUSD ChainLink Token