Chainlink (LINK) Soars 30% To New ATH, Dethrones Bitcoin Cash Spot<\/title>\n<meta name=\"description\" content=\"Chainlink (LINK) rallied over 30% and it traded close to the $17.000 level against the US Dollar. It dethroned bitcoin cash and moved to the 5th spot in terms of the market cap.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/chainlink-link-soars-30-dethrones-bitcoin-cash\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chainlink (LINK) Soars 30% To New ATH, Dethrones Bitcoin Cash Spot\" \/>\n<meta property=\"og:description\" content=\"Chainlink (LINK) rallied over 30% and it traded close to the $17.000 level against the US Dollar. 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{"id":434391,"date":"2020-08-13T05:28:06","date_gmt":"2020-08-13T05:28:06","guid":{"rendered":"https:\/\/wncen.com\/?p=434391"},"modified":"2024-06-11T14:15:01","modified_gmt":"2024-06-11T14:15:01","slug":"chainlink-link-soars-30-dethrones-bitcoin-cash","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/chainlink-link-soars-30-dethrones-bitcoin-cash\/","title":{"rendered":"Chainlink (LINK) Soars 30% To New ATH, Dethrones Bitcoin Cash Spot"},"content":{"rendered":"

Chainlink (LINK) rallied over 30% and it traded close to the $17.000 level against the US Dollar. It dethroned bitcoin cash and moved to the 5^{th<\/sup> spot in terms of the market cap.<\/em><\/p>\n}

\n
Chainlink token price is gaining momentum and it broke the $16.500 resistance against the US dollar.<\/li>\n
The market cap jumped sharply and LINK moved to the 5^{th<\/sup> spot to overtake bitcoin cash.<\/li>\n}
There was a break above a key bearish trend line with resistance near $13.300 on the 4-hours chart of the LINK\/USD pair (data source from Kraken).<\/li>\n
The pair might correct a few points, but dips are likely to find buyers near $16.000 and $15.800.<\/li>\n<\/ul>\n
Chainlink (LINK) Jumps To The 5^{th<\/sup> Spot<\/h2>\nIn the last technical analysis, we discussed chances of a surge above $15.000 in chainlink (LINK)<\/a> against the US Dollar. LINK did gain momentum above the $15.000 and surged over 30% in the past three sessions.<\/p>\n
The upward move was strong as the price broke the $16.000 resistance and settled well above the 100 simple moving average (4-hours). During the rise, there was a break above a key bearish trend line with resistance near $13.300 on the 4-hours chart of the LINK\/USD pair.<\/p>\n
More importantly, the market cap of LINK overtook bitcoin cash and it moved to the 5^{th<\/sup> spot. A new all-time high is formed near $16.933 and the price is currently consolidating gains.<\/p>\n}
<\/a><\/p>\n
LINK price above $16.500. Source: TradingView.com<\/a><\/pre>\nAn initial support on the downside is near the $16.200 level. The first major support is likely forming near the $15.80 level. It is close to the 23.6% Fib retracement level of the recent surge from the $12.192 swing low to $16.933 high.<\/p>\n
The main support is now near the $14.500 level (the recent breakout zone). It coincides with the 50% Fib retracement level of the recent surge from the $12.192 swing low to $16.933 high.<\/p>\n
On the upside, the $17.000 level is a short-term resistance zone. If there are more upsides, there is an open space and the price might even test the $20.000 level in the coming sessions.<\/p>\n
Dips Supported<\/h2>\nIn the short-term, there could be a minor downside correction in LINK price towards the $16.200 support. If there are more losses, the $15.800 support is likely to act as a strong buy zone.<\/p>\n
A downside break below the $14.500 could only start a major downward move. The next key support is near the $12.20 level.<\/p>\n
Technical Indicators<\/p>\n
4-hours MACD \u2013 The MACD for LINK\/USD is gaining momentum in the bullish zone.<\/p>\n
4-hours RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is currently well in the overbought zone.<\/p>\n
Major Support Levels \u2013 $16.200, $15.800 and $14.500.<\/p>\n
Major Resistance Levels \u2013 $17.000, $18.500 and $20.000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Chainlink (LINK) rallied over 30% and it traded close to the $17.000 level against the US Dollar. It dethroned bitcoin cash and moved to the 5th spot in terms of the market cap. Chainlink token price is gaining momentum and it broke the $16.500 resistance against the US dollar. The market cap jumped sharply and LINK moved to the 5th spot to overtake bitcoin cash. There was a break above a key bearish trend line with resistance near $13.300 on the 4-hours chart of the LINK\/USD pair (data source from Kraken). The pair might correct a few points, but dips are likely to find buyers near $16.000 and $15.800. Chainlink (LINK) Jumps To The 5th Spot In the last technical analysis, we discussed chances of a surge above $15.000 in chainlink (LINK) against the US Dollar. LINK did gain momentum above the $15.000 and surged over 30% in the past three sessions. The upward move was strong as the price broke the $16.000 resistance and settled well above the 100 simple moving average (4-hours). During the rise, there was a break above a key bearish trend line with resistance near $13.300 on the 4-hours chart of the LINK\/USD pair. More importantly, the market cap of LINK overtook bitcoin cash and it moved to the 5th spot. A new all-time high is formed near $16.933 and the price is currently consolidating gains. LINK price above $16.500. Source: TradingView.com An initial support on the downside is near the $16.200 level. The first major support is likely forming near the $15.80 level. It is close to the 23.6% Fib retracement level of the recent surge from the $12.192 swing low to $16.933 high. The main support is now near the $14.500 level (the recent breakout zone). It coincides with the 50% Fib retracement level of the recent surge from the $12.192 swing low to $16.933 high. On the upside, the $17.000 level is a short-term resistance zone. If there are more upsides, there is an open space and the price might even test the $20.000 level in the coming sessions. Dips Supported In the short-term, there could be a minor downside correction in LINK price towards the $16.200 support. If there are more losses, the $15.800 support is likely to act as a strong buy zone. A downside break below the $14.500 could only start a major downward move. The next key support is near the $12.20 level. Technical Indicators 4-hours MACD \u2013 The MACD for LINK\/USD is gaining momentum in the bullish zone. 4-hours RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is currently well in the overbought zone. Major Support Levels \u2013 $16.200, $15.800 and $14.500. Major Resistance Levels \u2013 $17.000, $18.500 and $20.000.<\/p>\n","protected":false},"author":67,"featured_media":434393,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,4],"tags":[16295,75941,75940,79480],"class_list":["post-434391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-analysis","tag-chainlink","tag-linkbtc","tag-linkusd","tag-linkusdt"],"acf":[],"yoast_head":"\nChainlink (LINK) Soars 30% To New ATH, Dethrones Bitcoin Cash Spot<\/title>\n<meta name=\"description\" content=\"Chainlink (LINK) rallied over 30% and it traded close to the $17.000 level against the US Dollar. 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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. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Chainlink (LINK) Soars 30% To New ATH, Dethrones Bitcoin Cash Spot","url":"http:\/\/wncen.com\/news\/chainlink-link-soars-30-dethrones-bitcoin-cash\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/chainlink-link-soars-30-dethrones-bitcoin-cash\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/08\/Depositphotos_67114657_s-2019.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/08\/Depositphotos_67114657_s-2019.jpg?fit=1000%2C700"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["chainlink","linkbtc","linkusd","linkusdt"],"dateCreated":"2020-08-13T05:28:06Z","datePublished":"2020-08-13T05:28:06Z","dateModified":"2024-06-11T14:15:01Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Chainlink (LINK) Soars 30% To New ATH, Dethrones Bitcoin Cash Spot\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/chainlink-link-soars-30-dethrones-bitcoin-cash\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/chainlink-link-soars-30-dethrones-bitcoin-cash\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/Depositphotos_67114657_s-2019.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/Depositphotos_67114657_s-2019.jpg?fit=1000%2C700\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"chainlink\",\"linkbtc\",\"linkusd\",\"linkusdt\"],\"dateCreated\":\"2020-08-13T05:28:06Z\",\"datePublished\":\"2020-08-13T05:28:06Z\",\"dateModified\":\"2024-06-11T14:15:01Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/08\/Depositphotos_67114657_s-2019.jpg?fit=1000%2C700","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/434391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=434391"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/434391\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/434393"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=434391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=434391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=434391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}}