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{"id":625552,"date":"2024-06-20T04:28:01","date_gmt":"2024-06-20T04:28:01","guid":{"rendered":"https:\/\/ktsl888.com\/?p=625552"},"modified":"2024-06-20T04:21:45","modified_gmt":"2024-06-20T04:21:45","slug":"chainlinks-ambitious-climb-link-15","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/link\/chainlinks-ambitious-climb-link-15\/","title":{"rendered":"Chainlink’s Ambitious Climb: LINK Price Aims for Key Upside Break"},"content":{"rendered":"

Chainlink\u2019s LINK price is consolidating above the $14.00 support. The price could gain bullish momentum if it clears the $14.65 resistance zone.<\/em><\/p>\n

\n
Chainlink price is showing bullish signs and eyeing more gains above $15.00 against the US dollar.<\/li>\n
The price is trading below the $15.00 level and the 100-hourly simple moving average.<\/li>\n
There is a key contracting triangle forming with resistance near $14.40 on the hourly chart of the LINK\/USD pair (data source from Kraken).<\/li>\n
The price could start another increase if it clears the $14.65 resistance zone.<\/li>\n<\/ul>\n
Chainlink Price Eyes Additional Upsides<\/h2>\n
In the past few sessions, Chainlink saw a decent upward move from the $13.00 zone. There was a move above the $13.50 and $14.00 levels. LINK bulls were in action unlike Bitcoin<\/a>.<\/p>\n
However, the price seems to be facing hurdles near the $14.50 and $14.65 levels. A high was formed at $14.63 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $13.16 swing low to the $14.46 high.<\/p>\n
Chainlink is now trading below the $15.00 level and the 100-hourly simple moving average<\/a>. There is also a key contracting triangle forming with resistance near $14.40 on the hourly chart of the LINK\/USD pair.<\/p>\n
$\"Chainlink$ <\/a>
Source: LINKUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
Immediate resistance is near the $14.40 level or the triangle zone. The next major resistance is near the $14.65 zone. A clear break above $14.65 may possibly start a steady increase toward the $15.00 level. The next major resistance is near the $15.20 level, above which the price could test $15.85.<\/p>\n
Another Decline In LINK?<\/h2>\n
If Chainlink\u2019s price fails to climb above the $14.40 resistance level, there could be a fresh decline. Initial support on the downside is near the $14.00 level or the triangle trend line.<\/p>\n
The next major support is near the $13.80 level or the 50% Fib retracement level of the upward move from the $13.16 swing low to the $14.46 high, below which the price might test the $13.50 level. Any more losses could lead LINK toward the $13.15 level in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for LINK\/USD is losing momentum in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $14.00 and $13.80.<\/p>\n
Major Resistance Levels \u2013 $14.40 and $14.65.<\/p>\n","protected":false},"excerpt":{"rendered":"
Chainlink\u2019s LINK price is consolidating above the $14.00 support. The price could gain bullish momentum if it clears the $14.65 resistance zone. Chainlink price is showing bullish signs and eyeing more gains above $15.00 against the US dollar. The price is trading below the $15.00 level and the 100-hourly simple moving average. There is a key contracting triangle forming with resistance near $14.40 on the hourly chart of the LINK\/USD pair (data source from Kraken). The price could start another increase if it clears the $14.65 resistance zone. Chainlink Price Eyes Additional Upsides In the past few sessions, Chainlink saw a decent upward move from the $13.00 zone. There was a move above the $13.50 and $14.00 levels. LINK bulls were in action unlike Bitcoin. However, the price seems to be facing hurdles near the $14.50 and $14.65 levels. A high was formed at $14.63 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $13.16 swing low to the $14.46 high. Chainlink is now trading below the $15.00 level and the 100-hourly simple moving average. There is also a key contracting triangle forming with resistance near $14.40 on the hourly chart of the LINK\/USD pair. Immediate resistance is near the $14.40 level or the triangle zone. The next major resistance is near the $14.65 zone. A clear break above $14.65 may possibly start a steady increase toward the $15.00 level. The next major resistance is near the $15.20 level, above which the price could test $15.85. Another Decline In LINK? If Chainlink\u2019s price fails to climb above the $14.40 resistance level, there could be a fresh decline. Initial support on the downside is near the $14.00 level or the triangle trend line. The next major support is near the $13.80 level or the 50% Fib retracement level of the upward move from the $13.16 swing low to the $14.46 high, below which the price might test the $13.50 level. Any more losses could lead LINK toward the $13.15 level in the near term. Technical Indicators Hourly MACD \u2013 The MACD for LINK\/USD is losing 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 $14.00 and $13.80. Major Resistance Levels \u2013 $14.40 and $14.65.<\/p>\n","protected":false},"author":67,"featured_media":625554,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83367],"tags":[16295,79580,16097,82825,89528,79480],"class_list":["post-625552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-link","tag-chainlink","tag-chainlink-price","tag-link","tag-link-price","tag-link-price-prediction","tag-linkusdt"],"acf":[],"yoast_head":"\nChainlink's Ambitious Climb: LINK Price Aims for Key Upside Break<\/title>\n<meta name=\"description\" content=\"Chainlink\u2019s LINK price is consolidating above the $14.00 support. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. 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