{"id":597252,"date":"2024-03-11T04:58:43","date_gmt":"2024-03-11T04:58:43","guid":{"rendered":"https:\/\/wncen.com\/?p=597252"},"modified":"2024-06-11T07:45:37","modified_gmt":"2024-06-11T07:45:37","slug":"link-price-regains-strength-20","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/chainlink\/link-price-regains-strength-20\/","title":{"rendered":"LINK Price Regains Strength, Why Chainlink Could Surge Over 10%"},"content":{"rendered":"<p><em>Chainlink\u2019s LINK price is moving higher above the $20.00 resistance. The price is now up over 5% and might aim for a move toward the $25.00 resistance.<\/em><\/p>\n<ul>\n<li>Chainlink price is showing positive signs above $20.00 against the US dollar.<\/li>\n<li>The price is trading above the $20.50 level and the 100 simple moving average (4 hours).<\/li>\n<li>There was a break above a key bearish trend line with resistance near $20.00 on the 4-hour chart of the LINK\/USD pair (data source from Kraken).<\/li>\n<li>The price could rally further if it clears the $22.00 resistance zone.<\/li>\n<\/ul>\n<h2>Chainlink (LINK) Price Eyes More Upsides<\/h2>\n<p>In the past few sessions, Chainlink bulls were able to send the price above a few key hurdles at $18.50. Earlier, LINK price formed a base above the $16.75 and started a fresh increase.<\/p>\n<p>There was a break above a key bearish trend line with resistance near $20.00 on the 4-hour chart of the LINK\/USD pair. The bulls pumped the pair above the $22.00 level. A new multi-month high was formed at $22.85 before the price started a downside correction.<\/p>\n<p>There was a move below the $22.00 level. The price declined below the 23.6% Fib retracement level of the upward move from the $16.75 swing low to the $22.85 high.<\/p>\n<p>LINK is now trading above the $20.50 level and the 100 simple moving average (4 hours). The price is up over 5% and outpacing both <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-rejects-70k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-consolidation-3800\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. If the bulls remain in action, the price could rise further. Immediate resistance is near the $21.80 level.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/LINK-Price-Chainlink.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-597253\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/LINK-Price-Chainlink.png?resize=1024%2C461\" alt=\"LINK Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/LINK-Price-Chainlink.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/LINK-Price-Chainlink.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/LINK-Price-Chainlink.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/LINK-Price-Chainlink.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/LINK-Price-Chainlink.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/LINK-Price-Chainlink.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/LINK-Price-Chainlink.png?w=1140 1140w\" sizes=\"(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>The next major resistance is near the $22.00 zone. A clear break above $22.00 may possibly start a steady increase toward the $23.00 and $24.20 levels. The next major resistance is near the $24.80 level, above which the price could test $25.00.<\/p>\n<h2>Are Dips Limited?<\/h2>\n<p>If Chainlink\u2019s price fails to climb above the $22.00 resistance level, there could be a downside correction. Initial support on the downside is near the $21.00 level.<\/p>\n<p>The next major support is near the $20.00 level or the 50% Fib retracement level of the upward move from the $16.75 swing low to the $22.85 high, below which the price might test the $18.80 level. Any more losses could lead LINK toward the $17.65 level in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>4 hours MACD \u2013 The MACD for LINK\/USD is gaining 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 $21.00 and $20.00.<\/p>\n<p>Major Resistance Levels \u2013 $22.00 and $23.00.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink\u2019s LINK price is moving higher above the $20.00 resistance. The price is now up over 5% and might aim for a move toward the $25.00 resistance. Chainlink price is showing positive signs above $20.00 against the US dollar. The price is trading above the $20.50 level and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $20.00 on the 4-hour chart of the LINK\/USD pair (data source from Kraken). The price could rally further if it clears the $22.00 resistance zone. Chainlink (LINK) Price Eyes More Upsides In the past few sessions, Chainlink bulls were able to send the price above a few key hurdles at $18.50. Earlier, LINK price formed a base above the $16.75 and started a fresh increase. There was a break above a key bearish trend line with resistance near $20.00 on the 4-hour chart of the LINK\/USD pair. The bulls pumped the pair above the $22.00 level. A new multi-month high was formed at $22.85 before the price started a downside correction. There was a move below the $22.00 level. The price declined below the 23.6% Fib retracement level of the upward move from the $16.75 swing low to the $22.85 high. LINK is now trading above the $20.50 level and the 100 simple moving average (4 hours). The price is up over 5% and outpacing both Bitcoin and Ethereum. If the bulls remain in action, the price could rise further. Immediate resistance is near the $21.80 level. Source: LINKUSD on TradingView.com The next major resistance is near the $22.00 zone. A clear break above $22.00 may possibly start a steady increase toward the $23.00 and $24.20 levels. The next major resistance is near the $24.80 level, above which the price could test $25.00. Are Dips Limited? If Chainlink\u2019s price fails to climb above the $22.00 resistance level, there could be a downside correction. Initial support on the downside is near the $21.00 level. The next major support is near the $20.00 level or the 50% Fib retracement level of the upward move from the $16.75 swing low to the $22.85 high, below which the price might test the $18.80 level. Any more losses could lead LINK toward the $17.65 level in the near term. 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 now above the 50 level. Major Support Levels \u2013 $21.00 and $20.00. Major Resistance Levels \u2013 $22.00 and $23.00.<\/p>\n","protected":false},"author":67,"featured_media":436427,"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":[16295,79580,16097,82825,89528,79480],"class_list":["post-597252","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chainlink","tag-chainlink","tag-chainlink-price","tag-link","tag-link-price","tag-link-price-prediction","tag-linkusdt"],"acf":[],"yoast_head":"\n<title>LINK Price Regains Strength, Why Chainlink Could Surge Over 10%<\/title>\n<meta name=\"description\" content=\"Chainlink\u2019s LINK price is moving higher above the $20.00 resistance. 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