{"id":547117,"date":"2023-08-14T07:08:56","date_gmt":"2023-08-14T07:08:56","guid":{"rendered":"https:\/\/wncen.com\/?p=547117"},"modified":"2024-06-11T07:45:13","modified_gmt":"2024-06-11T07:45:13","slug":"link-price-prediction-chainlink-8-2","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/chainlink\/link-price-prediction-chainlink-8-2\/","title":{"rendered":"LINK Price Prediction: Chainlink Hints At Potential Rally To $8"},"content":{"rendered":"<p><em>Chainlink\u2019s LINK price is holding the $7.30 support zone. The price could start a fresh increase if it clears the $7.50 resistance zone.<\/em><\/p>\n<ul>\n<li>Chainlink token price is showing positive signs above $7.30 against the US dollar.<\/li>\n<li>The price is trading above the $7.40 level and the 100 simple moving average (4 hours).<\/li>\n<li>There is a key declining channel forming with resistance near $7.50 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 $7.50 resistance zone.<\/li>\n<\/ul>\n<h2>Chainlink (LINK) Price Eyes Fresh Increase<\/h2>\n<p>After a strong increase, LINK price faced sellers near the $7.90 zone against the US Dollar. A high was formed near $7.91 and the price started a downside correction, unlike <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-grinds-lower-29k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-rebounds-1830\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>.<\/p>\n<p>There was a move below the $7.60 and $7.50 levels. The price declined below the 50% Fib retracement level of the upward move from the $6.932 swing low to the $7.915 high. The price also spiked below the $7.40 level. However, the bulls are active near the $7.30 support.<\/p>\n<p>LINK is trading above the 61.8% Fib retracement level of the upward move from the $6.932 swing low to the $7.915 high. It is also above the $7.40 level and the 100 simple moving average (4 hours).<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-547119\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Chainlink-LINK-1.png?resize=1024%2C468\" alt=\"LINK Price Prediction\" width=\"1024\" height=\"468\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Chainlink-LINK-1.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Chainlink-LINK-1.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Chainlink-LINK-1.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Chainlink-LINK-1.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Chainlink-LINK-1.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Chainlink-LINK-1.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Chainlink-LINK-1.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>It is now facing resistance near the $7.50 level. There is also a key declining channel forming with resistance near $7.50 on the 4-hour chart of the LINK\/USD pair. The first major resistance is near the $7.685 zone. A clear break above $7.685 may possibly start a fresh increase toward the $7.90 and $8.00 levels. The next major resistance is near the $8.20 level, above which the price could revisit $8.50.<\/p>\n<h2>More Losses?<\/h2>\n<p>If Chainlink\u2019s price fails to climb above the $7.50 resistance level, there could be a downside extension. Initial support on the downside is near the $7.30 level.<\/p>\n<p>The next major support is near the $7.15 level, below which the price might test the $7.00 level. Any more losses could lead the price toward the $6.85 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 bearish zone.<\/p>\n<p>4 hours RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is now near the 50 level.<\/p>\n<p>Major Support Levels \u2013 $7.30 and $7.15.<\/p>\n<p>Major Resistance Levels \u2013 $7.50 and $7.685.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink\u2019s LINK price is holding the $7.30 support zone. The price could start a fresh increase if it clears the $7.50 resistance zone. Chainlink token price is showing positive signs above $7.30 against the US dollar. The price is trading above the $7.40 level and the 100 simple moving average (4 hours). There is a key declining channel forming with resistance near $7.50 on the 4-hour chart of the LINK\/USD pair (data source from Kraken). The price could gain bullish momentum above the $7.50 resistance zone. Chainlink (LINK) Price Eyes Fresh Increase After a strong increase, LINK price faced sellers near the $7.90 zone against the US Dollar. A high was formed near $7.91 and the price started a downside correction, unlike Bitcoin and Ethereum. There was a move below the $7.60 and $7.50 levels. The price declined below the 50% Fib retracement level of the upward move from the $6.932 swing low to the $7.915 high. The price also spiked below the $7.40 level. However, the bulls are active near the $7.30 support. LINK is trading above the 61.8% Fib retracement level of the upward move from the $6.932 swing low to the $7.915 high. It is also above the $7.40 level and the 100 simple moving average (4 hours). Source: LINKUSD on TradingView.com It is now facing resistance near the $7.50 level. There is also a key declining channel forming with resistance near $7.50 on the 4-hour chart of the LINK\/USD pair. The first major resistance is near the $7.685 zone. A clear break above $7.685 may possibly start a fresh increase toward the $7.90 and $8.00 levels. The next major resistance is near the $8.20 level, above which the price could revisit $8.50. More Losses? If Chainlink\u2019s price fails to climb above the $7.50 resistance level, there could be a downside extension. Initial support on the downside is near the $7.30 level. The next major support is near the $7.15 level, below which the price might test the $7.00 level. Any more losses could lead the price toward the $6.85 level in the near term. Technical Indicators 4 hours MACD \u2013 The MACD for LINK\/USD is losing momentum in the bearish zone. 4 hours RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is now near the 50 level. Major Support Levels \u2013 $7.30 and $7.15. Major Resistance Levels \u2013 $7.50 and $7.685.<\/p>\n","protected":false},"author":67,"featured_media":430785,"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-547117","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 Hints At Potential Rally To $8<\/title>\n<meta name=\"description\" content=\"Chainlink\u2019s LINK price is holding the $7.30 support zone. 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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 Hints At Potential Rally To $8","url":"http:\/\/wncen.com\/news\/chainlink\/link-price-prediction-chainlink-8-2\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/chainlink\/link-price-prediction-chainlink-8-2\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/07\/shutterstock_448505836-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/07\/shutterstock_448505836-1.jpg?fit=1000%2C798"},"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":"2023-08-14T07:08:56Z","datePublished":"2023-08-14T07:08:56Z","dateModified":"2024-06-11T07:45:13Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"LINK Price Prediction: Chainlink Hints At Potential Rally To $8\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/chainlink\\\/link-price-prediction-chainlink-8-2\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/chainlink\\\/link-price-prediction-chainlink-8-2\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/07\\\/shutterstock_448505836-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/07\\\/shutterstock_448505836-1.jpg?fit=1000%2C798\"},\"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\":\"2023-08-14T07:08:56Z\",\"datePublished\":\"2023-08-14T07:08:56Z\",\"dateModified\":\"2024-06-11T07:45:13Z\"}<\/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\/07\/shutterstock_448505836-1.jpg?fit=1000%2C798","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/547117","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=547117"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/547117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/430785"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=547117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=547117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=547117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}