{"id":546608,"date":"2023-08-10T07:27:34","date_gmt":"2023-08-10T07:27:34","guid":{"rendered":"https:\/\/wncen.com\/?p=546608"},"modified":"2024-06-11T07:45:16","modified_gmt":"2024-06-11T07:45:16","slug":"link-price-prediction-chainlink-8-80","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/chainlink\/link-price-prediction-chainlink-8-80\/","title":{"rendered":"LINK Price Prediction: Chainlink Turns Attractive On Dips"},"content":{"rendered":"<p><em>Chainlink\u2019s LINK price is showing positive signs pace above $7.20. The price could rise further if it stays above the $7.30 support zone.<\/em><\/p>\n<ul>\n<li>Chainlink token price is showing positive signs and rising from $7.00 against the US dollar.<\/li>\n<li>The price is trading above the $7.30 level and the 100 simple moving average (4 hours).<\/li>\n<li>There was a break above a major bearish trend line with resistance near $7.35 on the 4-hour chart of the LINK\/USD pair (data source from Kraken).<\/li>\n<li>The price could gain bullish momentum above the $7.35 resistance zone.<\/li>\n<\/ul>\n<h2>Chainlink (LINK) Price Eyes More Gains<\/h2>\n<p>After a short-term downside correction, LINK price found support near the $6.95 level against the US Dollar. A low was formed near $6.933 and the price started a fresh increase, unlike <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-trims-gains-29400\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-bullish-1880\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>.<\/p>\n<p>There was a clear move above the $7.10 and $7.20 resistance levels. Besides, there was a break above a major bearish trend line with resistance near $7.35 on the 4-hour chart of the LINK\/USD pair. Finally, the pair traded close to the $8.00 zone.<\/p>\n<p>A high is formed near $7.914 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $6.933 swing low to the $7.914 high.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-546609\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Chainlink-LINK.png?resize=1024%2C468\" alt=\"LINK Price Prediction\" width=\"1024\" height=\"468\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Chainlink-LINK.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Chainlink-LINK.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Chainlink-LINK.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Chainlink-LINK.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Chainlink-LINK.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Chainlink-LINK.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Chainlink-LINK.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/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>LINK price is now trading above the $7.30 level and the 100 simple moving average (4 hours). It is now facing resistance near the $7.80 level. The first major resistance is near the $7.95 zone. A clear break above $7.95 may possibly start a fresh increase toward the $8.20 and $8.255 levels. The next major resistance is near the $8.50 level, above which the price could revisit $8.80.<\/p>\n<h2>Dips Supported?<\/h2>\n<p>If Chainlink\u2019s price fails to climb above the $7.95 resistance level, there could be a downside correction. Initial support on the downside is near the $7.50 level and the 100 simple moving average (4 hours).<\/p>\n<p>The next major support is near the $7.30 level and 61.8% Fib retracement level of the upward move from the $6.933 swing low to the $7.914 high, below which the price might test the $7.10 level. Any more losses could lead the price toward the $7.00 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 $7.50 and $7.30.<\/p>\n<p>Major Resistance Levels \u2013 $7.80 and $7.95.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink\u2019s LINK price is showing positive signs pace above $7.20. The price could rise further if it stays above the $7.30 support zone. Chainlink token price is showing positive signs and rising from $7.00 against the US dollar. The price is trading above the $7.30 level and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $7.35 on the 4-hour chart of the LINK\/USD pair (data source from Kraken). The price could gain bullish momentum above the $7.35 resistance zone. Chainlink (LINK) Price Eyes More Gains After a short-term downside correction, LINK price found support near the $6.95 level against the US Dollar. A low was formed near $6.933 and the price started a fresh increase, unlike Bitcoin and Ethereum. There was a clear move above the $7.10 and $7.20 resistance levels. Besides, there was a break above a major bearish trend line with resistance near $7.35 on the 4-hour chart of the LINK\/USD pair. Finally, the pair traded close to the $8.00 zone. A high is formed near $7.914 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $6.933 swing low to the $7.914 high. Source: LINKUSD on TradingView.com LINK price is now trading above the $7.30 level and the 100 simple moving average (4 hours). It is now facing resistance near the $7.80 level. The first major resistance is near the $7.95 zone. A clear break above $7.95 may possibly start a fresh increase toward the $8.20 and $8.255 levels. The next major resistance is near the $8.50 level, above which the price could revisit $8.80. Dips Supported? If Chainlink\u2019s price fails to climb above the $7.95 resistance level, there could be a downside correction. Initial support on the downside is near the $7.50 level and the 100 simple moving average (4 hours). The next major support is near the $7.30 level and 61.8% Fib retracement level of the upward move from the $6.933 swing low to the $7.914 high, below which the price might test the $7.10 level. Any more losses could lead the price toward the $7.00 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 $7.50 and $7.30. Major Resistance Levels \u2013 $7.80 and $7.95.<\/p>\n","protected":false},"author":67,"featured_media":447505,"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":[16295,16097,75940,79480],"class_list":["post-546608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chainlink","tag-chainlink","tag-link","tag-linkusd","tag-linkusdt"],"acf":[],"yoast_head":"\n<title>LINK Price Prediction: Chainlink Turns Attractive On Dips<\/title>\n<meta name=\"description\" content=\"Chainlink\u2019s LINK price is showing positive signs pace above $7.20. 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Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. 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":"LINK Price Prediction: Chainlink Turns Attractive On Dips","url":"http:\/\/wncen.com\/news\/chainlink\/link-price-prediction-chainlink-8-80\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/chainlink\/link-price-prediction-chainlink-8-80\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/shutterstock_271071575.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/shutterstock_271071575.jpg?fit=1000%2C665"},"articleSection":"Chainlink","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","link","linkusd","linkusdt"],"dateCreated":"2023-08-10T07:27:34Z","datePublished":"2023-08-10T07:27:34Z","dateModified":"2024-06-11T07:45:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"LINK Price Prediction: Chainlink Turns Attractive On Dips\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/chainlink\\\/link-price-prediction-chainlink-8-80\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/chainlink\\\/link-price-prediction-chainlink-8-80\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/shutterstock_271071575.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/shutterstock_271071575.jpg?fit=1000%2C665\"},\"articleSection\":\"Chainlink\",\"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\",\"link\",\"linkusd\",\"linkusdt\"],\"dateCreated\":\"2023-08-10T07:27:34Z\",\"datePublished\":\"2023-08-10T07:27:34Z\",\"dateModified\":\"2024-06-11T07:45:16Z\"}<\/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\/10\/shutterstock_271071575.jpg?fit=1000%2C665","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/546608","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=546608"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/546608\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/447505"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=546608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=546608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=546608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}