{"id":607882,"date":"2024-05-14T06:58:30","date_gmt":"2024-05-14T06:58:30","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=607882"},"modified":"2024-06-11T07:19:40","modified_gmt":"2024-06-11T07:19:40","slug":"chainlinks-link-outlook-bleak-13-80","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/chainlink\/chainlinks-link-outlook-bleak-13-80\/","title":{"rendered":"Chainlink&#8217;s (LINK) Outlook Grows Bleak: Signals of Bearish Continuation Surface"},"content":{"rendered":"<p><em>Chainlink\u2019s LINK price is struggling to surpass the $13.80 resistance. The price could continue to move down if it breaks the $13.00 support.<\/em><\/p>\n<ul>\n<li>Chainlink price is showing bearish signs below the $14.00 resistance against the US dollar.<\/li>\n<li>The price is trading below the $13.60 level and the 100 simple moving average (4 hours).<\/li>\n<li>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).<\/li>\n<li>The price could start a decent increase if it clears the $13.80 resistance zone.<\/li>\n<\/ul>\n<h2>Chainlink (LINK) Price Turns Red<\/h2>\n<p>In the past few days, Chainlink saw a steady decline from well above the $13.80 level. LINK price declined below the $13.50 support level to enter a short-term bearish zone, like <a href=\"https:\/\/www.ktsl888.com\/analysis\/btc\/bitcoin-price-stuck-60k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/www.ktsl888.com\/analysis\/eth\/ethereum-price-repeat-3200\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>.<\/p>\n<p>The price tested the $13.10 support zone. A low was formed at $13.07 and the price recently attempted a recovery wave. There was a move above the $13.50 level. It even jumped above the 23.6% Fib retracement level of the downward move from the $14.30 swing high to the $13.07 low.<\/p>\n<p>However, the bears were active below the $13.80 resistance and the 50% Fib retracement level of the downward move from the $14.30 swing high to the $13.07 low. LINK price is still trading below the $13.80 level and the 100 simple moving average (4 hours).<\/p>\n<p>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.<\/p>\n<figure id=\"attachment_607883\" aria-describedby=\"caption-attachment-607883\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-607883 size-full\" src=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink.png?resize=1024%2C461\" alt=\"Chainlink (LINK) Price \" width=\"1024\" height=\"461\" srcset=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink.png?w=1835 1835w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink.png?w=460 460w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink.png?w=768 768w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink.png?w=860 860w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink.png?w=1536 1536w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink.png?w=750 750w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-607883\" class=\"wp-caption-text\">Source: LINKUSD on <a href=\"https:\/\/www.tradingview.com\/symbols\/LINKUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p>The next major resistance is near the $13.80 zone. A clear break above $13.80 may possibly start a steady increase toward the $14.00 level. The next major resistance is near the $14.35 level, above which the price could test $15.50.<\/p>\n<h2>More Losses?<\/h2>\n<p>If Chainlink\u2019s price fails to climb above the $13.50 resistance level, there could be a fresh decline. Initial support on the downside is near the $13.10 level.<\/p>\n<p>The next major support is near the $12.80 level, below which the price might test the $12.20 level. Any more losses could lead LINK toward the $11.50 level in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>4 hours MACD \u2013 The MACD for LINK\/USD is gaining momentum in the bearish zone.<\/p>\n<p>4 hours RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $13.10 and $12.80.<\/p>\n<p>Major Resistance Levels \u2013 $13.50 and $13.80.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink\u2019s LINK price is struggling to surpass the $13.80 resistance. The price could continue to move down if it breaks the $13.00 support. Chainlink price is showing bearish signs below the $14.00 resistance against the US dollar. The price is trading below the $13.60 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 $13.80 resistance zone. Chainlink (LINK) Price Turns Red In the past few days, Chainlink saw a steady decline from well above the $13.80 level. LINK price declined below the $13.50 support level to enter a short-term bearish zone, like Bitcoin and Ethereum. The price tested the $13.10 support zone. A low was formed at $13.07 and the price recently attempted a recovery wave. There was a move above the $13.50 level. It even jumped above the 23.6% Fib retracement level of the downward move from the $14.30 swing high to the $13.07 low. However, the bears were active below the $13.80 resistance and the 50% Fib retracement level of the downward move from the $14.30 swing high to the $13.07 low. LINK price is still trading below the $13.80 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. The next major resistance is near the $13.80 zone. A clear break above $13.80 may possibly start a steady increase toward the $14.00 level. The next major resistance is near the $14.35 level, above which the price could test $15.50. More Losses? If Chainlink\u2019s price fails to climb above the $13.50 resistance level, there could be a fresh decline. Initial support on the downside is near the $13.10 level. The next major support is near the $12.80 level, below which the price might test the $12.20 level. Any more losses could lead LINK toward the $11.50 level in the near term. Technical Indicators 4 hours MACD \u2013 The MACD for LINK\/USD is gaining momentum in the bearish zone. 4 hours RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is now below the 50 level. Major Support Levels \u2013 $13.10 and $12.80. Major Resistance Levels \u2013 $13.50 and $13.80.<\/p>\n","protected":false},"author":67,"featured_media":607884,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83381],"tags":[16295,79580,16097,82825,89528,79480],"class_list":["post-607882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chainlink","tag-chainlink","tag-chainlink-price","tag-link","tag-link-price","tag-link-price-prediction","tag-linkusdt"],"acf":[],"yoast_head":"\n<title>Chainlink&#039;s (LINK) Outlook Grows Bleak: Signals of Bearish Continuation Surface<\/title>\n<meta name=\"description\" content=\"Chainlink\u2019s LINK price is struggling to surpass the $13.80 resistance. 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