{"id":552432,"date":"2023-09-22T04:28:17","date_gmt":"2023-09-22T04:28:17","guid":{"rendered":"https:\/\/ktsl888.com\/?p=552432"},"modified":"2024-06-11T07:45:27","modified_gmt":"2024-06-11T07:45:27","slug":"link-price-prediction-chainlink-7-20","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/chainlink\/link-price-prediction-chainlink-7-20\/","title":{"rendered":"LINK Price Prediction: Chainlink Recovery Stalls But Not Likely Over"},"content":{"rendered":"<p><em>Chainlink\u2019s LINK price recovered above the $6.50 resistance. The price is now correcting gains, but it might find bids near $6.40 and could start a fresh increase.<\/em><\/p>\n<ul>\n<li>Chainlink price is showing positive signs above $6.5 against the US dollar.<\/li>\n<li>The price is trading above the $6.50 level and the 100 simple moving average (4 hours).<\/li>\n<li>There is a connecting bullish trend line forming with support near $6.40 on the 4-hour chart of the LINK\/USD pair (data source from Kraken).<\/li>\n<li>The price could restart its increase unless there is a close below the $6.40 support.<\/li>\n<\/ul>\n<h2>Chainlink (LINK) Price Turns Green<\/h2>\n<p>After a steady decline, LINK price found support near the $5.75 zone against the US Dollar. A low was formed near $5.74 and the price recently started a fresh increase, like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-correction-26350\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-plunges-1565\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>.<\/p>\n<p>The price recovered above the $6.00 and $6.20 resistance levels. The bulls were able to pump the price above the $6.50 level and the 100 simple moving average (4 hours). Finally, the bears appeared near the $7.00 zone. A high is formed near $7.03 and the price is now correcting gains.<\/p>\n<p>It traded below the 23.6% Fib retracement level of the upward move from the $5.74 swing low to the $7.03 high. LINK is still trading above the $6.50 level and the 100 simple moving average (4 hours). There is also a connecting bullish trend line forming with support near $6.40 on the 4-hour chart of the LINK\/USD pair. The trend line is near the 50% Fib retracement level of the upward move from the $5.74 swing low to the $7.03 high.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-552433\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink.png?resize=1024%2C468\" alt=\"LINK Price Prediction\" width=\"1024\" height=\"468\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/LINKUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">LINKUSD on TradingView.com<\/a><\/p>\n<p>If there is a fresh increase, the price might face resistance near $6.80. The first major resistance is near the $7.00 zone. A clear break above $7.00 may possibly start a steady increase toward the $7.25 and $7.32 levels. The next major resistance is near the $7.50 level, above which the price could revisit $7.85.<\/p>\n<h2>More Losses?<\/h2>\n<p>If Chainlink\u2019s price fails to climb above the $6.80 resistance level, there could be a downside extension. Initial support on the downside is near the $6.50 level.<\/p>\n<p>The next major support is near the $6.40 level, below which the price might test the $5.90 level. Any more losses could lead LINK toward the $5.75 level in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>4 hours MACD \u2013 The MACD for LINK\/USD is losing momentum in the bullish zone.<\/p>\n<p>4 hours RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $6.50 and $6.40.<\/p>\n<p>Major Resistance Levels \u2013 $6.80 and $7.00.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink\u2019s LINK price recovered above the $6.50 resistance. The price is now correcting gains, but it might find bids near $6.40 and could start a fresh increase. Chainlink price is showing positive signs above $6.5 against the US dollar. The price is trading above the $6.50 level and the 100 simple moving average (4 hours). There is a connecting bullish trend line forming with support near $6.40 on the 4-hour chart of the LINK\/USD pair (data source from Kraken). The price could restart its increase unless there is a close below the $6.40 support. Chainlink (LINK) Price Turns Green After a steady decline, LINK price found support near the $5.75 zone against the US Dollar. A low was formed near $5.74 and the price recently started a fresh increase, like Bitcoin and Ethereum. The price recovered above the $6.00 and $6.20 resistance levels. The bulls were able to pump the price above the $6.50 level and the 100 simple moving average (4 hours). Finally, the bears appeared near the $7.00 zone. A high is formed near $7.03 and the price is now correcting gains. It traded below the 23.6% Fib retracement level of the upward move from the $5.74 swing low to the $7.03 high. LINK is still trading above the $6.50 level and the 100 simple moving average (4 hours). There is also a connecting bullish trend line forming with support near $6.40 on the 4-hour chart of the LINK\/USD pair. The trend line is near the 50% Fib retracement level of the upward move from the $5.74 swing low to the $7.03 high. Source: LINKUSD on TradingView.com If there is a fresh increase, the price might face resistance near $6.80. The first major resistance is near the $7.00 zone. A clear break above $7.00 may possibly start a steady increase toward the $7.25 and $7.32 levels. The next major resistance is near the $7.50 level, above which the price could revisit $7.85. More Losses? If Chainlink\u2019s price fails to climb above the $6.80 resistance level, there could be a downside extension. Initial support on the downside is near the $6.50 level. The next major support is near the $6.40 level, below which the price might test the $5.90 level. Any more losses could lead LINK toward the $5.75 level in the near term. Technical Indicators 4 hours MACD \u2013 The MACD for LINK\/USD is losing momentum in the bullish zone. 4 hours RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is now above the 50 level. Major Support Levels \u2013 $6.50 and $6.40. Major Resistance Levels \u2013 $6.80 and $7.00.<\/p>\n","protected":false},"author":67,"featured_media":430477,"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":[16295,75941,75940,79480],"class_list":["post-552432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chainlink","tag-chainlink","tag-linkbtc","tag-linkusd","tag-linkusdt"],"acf":[],"yoast_head":"\n<title>LINK Price Prediction: Chainlink Recovery Stalls But Not Likely Over<\/title>\n<meta name=\"description\" content=\"Chainlink\u2019s LINK price recovered above the $6.50 resistance. 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