{"id":603781,"date":"2024-04-18T04:40:01","date_gmt":"2024-04-18T04:40:01","guid":{"rendered":"https:\/\/wncen.com\/?p=603781"},"modified":"2024-06-11T06:58:29","modified_gmt":"2024-06-11T06:58:29","slug":"link-price-eyes-recovery-15","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/chainlink\/link-price-eyes-recovery-15\/","title":{"rendered":"LINK Price Eyes Recovery If It\u2019s Able to Hold One Crucial Level"},"content":{"rendered":"<p><em>Chainlink\u2019s LINK price retested the $12.00 support zone. The price is now eyeing a recovery wave above the $13.50 and $15.00 resistance levels.<\/em><\/p>\n<ul>\n<li>Chainlink price is showing bearish signs below the $15.00 resistance against the US dollar.<\/li>\n<li>The price is trading below the $14.20 level and the 100 simple moving average (4 hours).<\/li>\n<li>There is a key bearish trend line forming with resistance near $13.50 on the 4-hour chart of the LINK\/USD pair (data source from Kraken).<\/li>\n<li>The price could start a decent increase if it clears the $15.00 resistance zone.<\/li>\n<\/ul>\n<h2>Chainlink (LINK) Price Eyes Steady Increase<\/h2>\n<p>In the past few days, Chainlink saw a major decline from well above the $18.00 level. LINK price declined below the $15.00 pivot level to enter a short-term bearish zone, like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-at-break-moment-60k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-holds-strong-3k\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>.<\/p>\n<p>The price tested the $12.00 support zone. A low was formed at $11.92 and the price is now attempting a recovery wave. There was a move above the $12.50 level. It even jumped above the 23.6% Fib retracement level of the downward move from the $18.66 swing high to the $11.92 low.<\/p>\n<p>LINK price is still trading below the $14.20 level and the 100 simple moving average (4 hours). Immediate resistance is near the $13.50 level. There is also a key bearish trend line forming with resistance near $13.50 on the 4-hour chart of the LINK\/USD pair.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/LINK-Price-Chainlink.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-603782\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/LINK-Price-Chainlink.png?resize=1024%2C461\" alt=\"LINK Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/LINK-Price-Chainlink.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/LINK-Price-Chainlink.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/LINK-Price-Chainlink.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/LINK-Price-Chainlink.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/LINK-Price-Chainlink.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/LINK-Price-Chainlink.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/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 $15.00 zone. A clear break above $15.00 may possibly start a steady increase toward the $16.00 level or the 61.8% Fib retracement level of the downward move from the $18.66 swing high to the $11.92 low. The next major resistance is near the $18.00 level, above which the price could test $20.00.<\/p>\n<h2>More Losses?<\/h2>\n<p>If Chainlink\u2019s price fails to climb above the $13.50 resistance level, there could be a fresh decline. Initial support on the downside is near the $12.80 level.<\/p>\n<p>The next major support is near the $12.00 level, below which the price might test the $10.80 level. Any more losses could lead LINK toward the $10.00 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 bearish zone.<\/p>\n<p>4 hours RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $12.80 and $12.00.<\/p>\n<p>Major Resistance Levels \u2013 $13.50 and $14.00.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink\u2019s LINK price retested the $12.00 support zone. The price is now eyeing a recovery wave above the $13.50 and $15.00 resistance levels. Chainlink price is showing bearish signs below the $15.00 resistance against the US dollar. The price is trading below the $14.20 level and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $13.50 on the 4-hour chart of the LINK\/USD pair (data source from Kraken). The price could start a decent increase if it clears the $15.00 resistance zone. Chainlink (LINK) Price Eyes Steady Increase In the past few days, Chainlink saw a major decline from well above the $18.00 level. LINK price declined below the $15.00 pivot level to enter a short-term bearish zone, like Bitcoin and Ethereum. The price tested the $12.00 support zone. A low was formed at $11.92 and the price is now attempting a recovery wave. There was a move above the $12.50 level. It even jumped above the 23.6% Fib retracement level of the downward move from the $18.66 swing high to the $11.92 low. LINK price is still trading below the $14.20 level and the 100 simple moving average (4 hours). Immediate resistance is near the $13.50 level. There is also a key bearish trend line forming with resistance near $13.50 on the 4-hour chart of the LINK\/USD pair. Source: LINKUSD on TradingView.com The next major resistance is near the $15.00 zone. A clear break above $15.00 may possibly start a steady increase toward the $16.00 level or the 61.8% Fib retracement level of the downward move from the $18.66 swing high to the $11.92 low. The next major resistance is near the $18.00 level, above which the price could test $20.00. More Losses? If Chainlink\u2019s price fails to climb above the $13.50 resistance level, there could be a fresh decline. Initial support on the downside is near the $12.80 level. The next major support is near the $12.00 level, below which the price might test the $10.80 level. Any more losses could lead LINK toward the $10.00 level in the near term. Technical Indicators 4 hours MACD \u2013 The MACD for LINK\/USD is gaining momentum in the bearish zone. 4 hours RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is now below the 50 level. Major Support Levels \u2013 $12.80 and $12.00. Major Resistance Levels \u2013 $13.50 and $14.00.<\/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":[16295,79580,16097,82825,89528,79480],"class_list":["post-603781","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 Eyes Recovery If It\u2019s Able to Hold One Crucial Level<\/title>\n<meta name=\"description\" content=\"Chainlink\u2019s LINK price retested the $12.00 support zone. 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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. 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