Chainlink (LINK) rise after breaking the $ 18.00 and $ 20.00 levels, while Bitcoin and Ethereum remained in a range. The chainlink token price is strengthening and has already broken the $ 20.00 level against the US dollar.

 

 

The price is correcting lower than $ 23.76 and is trading well above the 100 simple moving average.

There is a key bullish trend line formed with support near $ 21.55 on the 4-hour chart of the LINK / USD pair.

The price is likely to continue its rise above the $ 22.50 and $ 23.00 levels.

 

Chainlink (LINK) rally breathes

Over the past few days, Chainlink (LINK) has seen a strong increase. LINK outperformed Bitcoin and Ethereum. The price crossed several key hurdles around $ 18.00 and $ 20.00 to kick off the latest increase.

The upward move moved above $ 20.00 and there was also a close above the 100 simple moving average (4 hours). The price surged above $ 22.00 and reached almost the highest level of the year at $ 23.76. Recently, the price started a downside correction below $ 23.00.

If the price of the Chainlink stays above the $ 21.50 zone and the trendline area, a new increase could begin. An initial resistance on the upside is near the $ 23.00 level.

A clear break above the $ 23.00 level could open the doors for more bullish above the $ 23.50 zone. In the stated situation, the price may rise above the $ 25.00 level.

See Also
Chainlink is no longer discussed as much as it used to be

 

Technical indicators

4-hour MACD – The MACD for LINK / USD is losing momentum in the bullish zone.

4-hour RSI (Relative Strength Index) – The RSI for LINK / USD is currently well above the 60 level.

Support Levels – $ 21.50, $ 21.20 and $ 20.00.

Resistance Levels – $ 23.00, $ 23.50 and $ 25.00.

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