{"id":609593,"date":"2024-05-24T03:18:57","date_gmt":"2024-05-24T03:18:57","guid":{"rendered":"https:\/\/ktsl888.com\/?p=609593"},"modified":"2024-06-11T07:00:10","modified_gmt":"2024-06-11T07:00:10","slug":"chainlink-link-surge-17-50","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/chainlink\/chainlink-link-surge-17-50\/","title":{"rendered":"Chainlink (LINK) Primed for Another Surge: Major Rally on the Horizon?"},"content":{"rendered":"<p><em>Chainlink\u2019s LINK price is gaining bullish momentum above $16.50. The price could continue to move up if it clears the $17.50 resistance zone.<\/em><\/p>\n<ul>\n<li>Chainlink price is showing bullish signs and eyeing more gains above $17.00 against the US dollar.<\/li>\n<li>The price is trading above the $16.50 level and the 100-hourly simple moving average.<\/li>\n<li>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).<\/li>\n<li>The price could start another increase if it clears the $17.50 resistance zone.<\/li>\n<\/ul>\n<h2>Chainlink Price Eyes Additional Upsides<\/h2>\n<p>In the past few days, Chainlink remained in a positive zone above the $15.00 level, like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-dips-68250\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-dips-3720\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. 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.<\/p>\n<p>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.<\/p>\n<p>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).<\/p>\n<figure id=\"attachment_609594\" aria-describedby=\"caption-attachment-609594\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink_4df9bc.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-609594 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink_4df9bc.png?resize=1024%2C449\" alt=\"Chainlink Price\" width=\"1024\" height=\"449\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink_4df9bc.png?w=1950 1950w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink_4df9bc.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink_4df9bc.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink_4df9bc.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink_4df9bc.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink_4df9bc.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink_4df9bc.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-609594\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/LINKUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">LINKUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>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.<\/p>\n<h2>Another Decline In LINK?<\/h2>\n<p>If Chainlink\u2019s 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.<\/p>\n<p>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.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for LINK\/USD is gaining momentum in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $16.65 and $16.20.<\/p>\n<p>Major Resistance Levels \u2013 $17.00 and $17.50.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink\u2019s 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\u2019s 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 \u2013 The MACD for LINK\/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is now above the 50 level. Major Support Levels \u2013 $16.65 and $16.20. Major Resistance Levels \u2013 $17.00 and $17.50.<\/p>\n","protected":false},"author":67,"featured_media":609595,"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-609593","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 (LINK) Primed for Another Surge: Major Rally on the Horizon?<\/title>\n<meta name=\"description\" content=\"Chainlink\u2019s LINK price is gaining bullish momentum above $16.50. 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