{"id":553056,"date":"2023-09-27T05:08:38","date_gmt":"2023-09-27T05:08:38","guid":{"rendered":"https:\/\/wncen.com\/?p=553056"},"modified":"2024-06-11T07:45:22","modified_gmt":"2024-06-11T07:45:22","slug":"link-price-extends-increase-8-50","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/chainlink\/link-price-extends-increase-8-50\/","title":{"rendered":"LINK Price Extends Increase, Will Chainlink Bulls Be Able to Hit $8.5 Milestone?"},"content":{"rendered":"<p><em>Chainlink\u2019s LINK price is moving higher above the $7.25 resistance. The price is now consolidating gains and might aim for more upsides above $7.50.<\/em><\/p>\n<ul>\n<li>Chainlink price is showing positive signs above $7.25 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 is a key bullish trend line forming with support near $7.25 on the 4-hour chart of the LINK\/USD pair (data source from Kraken).<\/li>\n<li>The price could restart its increase unless there is a close below the $6.95 support.<\/li>\n<\/ul>\n<h2>Chainlink (LINK) Price Eyes More Upsides<\/h2>\n<p>In the last <a href=\"https:\/\/wncen.com\/analysis\/link\/link-price-prediction-chainlink-7-20\/\" target=\"_blank\" rel=\"noopener \">LINK price prediction<\/a>, we discussed the chances of more gains above the $7.00 level against the US Dollar. The price did remain stable and extended gains above the $7.25 level.<\/p>\n<p>The price even broke the $7.50 level. Chainlink traded as high as $7.56 and outperformed <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-recovery-26k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-recovery-1620\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. Recently, there was a minor downside correction below $7.40. The price tested the 23.6% Fib retracement level of the upward move from the $6.60 swing low to the $7.56 high.<\/p>\n<p>LINK is now trading above the $6.50 level and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $7.25 on the 4-hour chart of the LINK\/USD pair.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink-1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-553057\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink-1.png?resize=1024%2C468\" alt=\"Chainlink (LINK) Price\" width=\"1024\" height=\"468\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink-1.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink-1.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink-1.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink-1.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink-1.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink-1.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink-1.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><\/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>If there is a fresh increase, the price might face resistance near $7.45. The first major resistance is near the $7.50 zone. A clear break above $7.50 may possibly start a steady increase toward the $8.00 and $8.20 levels. The next major resistance is near the $8.50 level, above which the price could test $8.80.<\/p>\n<h2>Are Dips Limited?<\/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 $7.25 level.<\/p>\n<p>The next major support is near the $6.95 level or the 61.8% Fib retracement level of the upward move from the $6.60 swing low to the $7.56 high, below which the price might test the $6.80 level. Any more losses could lead LINK toward the $6.60 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 $7.25 and $6.95.<\/p>\n<p>Major Resistance Levels \u2013 $7.50 and $8.50.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink\u2019s LINK price is moving higher above the $7.25 resistance. The price is now consolidating gains and might aim for more upsides above $7.50. Chainlink price is showing positive signs above $7.25 against the US dollar. The price is trading above the $7.30 level and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $7.25 on the 4-hour chart of the LINK\/USD pair (data source from Kraken). The price could restart its increase unless there is a close below the $6.95 support. Chainlink (LINK) Price Eyes More Upsides In the last LINK price prediction, we discussed the chances of more gains above the $7.00 level against the US Dollar. The price did remain stable and extended gains above the $7.25 level. The price even broke the $7.50 level. Chainlink traded as high as $7.56 and outperformed Bitcoin and Ethereum. Recently, there was a minor downside correction below $7.40. The price tested the 23.6% Fib retracement level of the upward move from the $6.60 swing low to the $7.56 high. LINK is now trading above the $6.50 level and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $7.25 on the 4-hour chart of the LINK\/USD pair. Source: LINKUSD on TradingView.com If there is a fresh increase, the price might face resistance near $7.45. The first major resistance is near the $7.50 zone. A clear break above $7.50 may possibly start a steady increase toward the $8.00 and $8.20 levels. The next major resistance is near the $8.50 level, above which the price could test $8.80. Are Dips Limited? 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 $7.25 level. The next major support is near the $6.95 level or the 61.8% Fib retracement level of the upward move from the $6.60 swing low to the $7.56 high, below which the price might test the $6.80 level. Any more losses could lead LINK toward the $6.60 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 $7.25 and $6.95. Major Resistance Levels \u2013 $7.50 and $8.50.<\/p>\n","protected":false},"author":67,"featured_media":451396,"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":[16295,75941,75940,79480],"class_list":["post-553056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chainlink","tag-chainlink","tag-linkbtc","tag-linkusd","tag-linkusdt"],"acf":[],"yoast_head":"\n<title>LINK Price Extends Increase, Will Chainlink Bulls Be Able to Hit $8.5 Milestone?<\/title>\n<meta name=\"description\" content=\"Chainlink\u2019s LINK price is moving higher above the $7.25 resistance. 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