{"id":609593,"date":"2024-05-24T03:18:57","date_gmt":"2024-05-24T03:18:57","guid":{"rendered":"https:\/\/wncen.com\/?p=609593"},"modified":"2024-06-11T07:00:10","modified_gmt":"2024-06-11T07:00:10","slug":"chainlink-link-surge-17-50","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/chainlink\/chainlink-link-surge-17-50\/","title":{"rendered":"Chainlink (LINK) Primed for Another Surge: Major Rally on the Horizon?"},"content":{"rendered":"<p><em>Chainlink\u2019s LINK price is gaining bullish momentum above $16.50. The price could continue to move up if it clears the $17.50 resistance zone.<\/em><\/p>\n<ul>\n<li>Chainlink price is showing bullish signs and eyeing more gains above $17.00 against the US dollar.<\/li>\n<li>The price is trading above the $16.50 level and the 100-hourly simple moving average.<\/li>\n<li>There was a break above a key bearish trend line with resistance near $16.50 on the hourly chart of the LINK\/USD pair (data source from Kraken).<\/li>\n<li>The price could start another increase if it clears the $17.50 resistance zone.<\/li>\n<\/ul>\n<h2>Chainlink Price Eyes Additional Upsides<\/h2>\n<p>In the past few days, Chainlink remained in a positive zone above the $15.00 level, like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-dips-68250\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-dips-3720\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. There was a move above the $16.50 and $17.00 levels. A high was formed at $17.45 before there was a downside correction.<\/p>\n<p>The price dipped below $16.50 and tested $15.35. A low was formed at $15.34 and the price recently attempted a fresh increase. There was a move above the $16.50 level. It even jumped above the 50% Fib retracement level of the downward move from the $17.45 swing high to the $15.34 low.<\/p>\n<p>Besides, there was a break above a key bearish trend line with resistance near $16.50 on the hourly chart of the LINK\/USD pair. Chainlink is now trading above the $16.50 level and the 100 simple moving average (4 hours).<\/p>\n<figure id=\"attachment_609594\" aria-describedby=\"caption-attachment-609594\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink_4df9bc.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-609594 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink_4df9bc.png?resize=1024%2C449\" alt=\"Chainlink Price\" width=\"1024\" height=\"449\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink_4df9bc.png?w=1950 1950w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink_4df9bc.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink_4df9bc.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink_4df9bc.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink_4df9bc.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink_4df9bc.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/LINK-Price-Chainlink_4df9bc.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-609594\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/LINKUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">LINKUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>Immediate resistance is near the $16.90 level or the 76.4% Fib retracement level of the downward move from the $17.45 swing high to the $15.34 low. The next major resistance is near the $17.50 zone. A clear break above $17.50 may possibly start a steady increase toward the $18.20 level. The next major resistance is near the $18.80 level, above which the price could test $20.00.<\/p>\n<h2>Another Decline In LINK?<\/h2>\n<p>If Chainlink\u2019s price fails to climb above the $17.50 resistance level, there could be a fresh decline. Initial support on the downside is near the $16.65 level.<\/p>\n<p>The next major support is near the $16.20 level, below which the price might test the $15.50 level. Any more losses could lead LINK toward the $15.00 level in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for LINK\/USD is gaining momentum in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $16.65 and $16.20.<\/p>\n<p>Major Resistance Levels \u2013 $17.00 and $17.50.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink\u2019s LINK price is gaining bullish momentum above $16.50. The price could continue to move up if it clears the $17.50 resistance zone. Chainlink price is showing bullish signs and eyeing more gains above $17.00 against the US dollar. The price is trading above the $16.50 level and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance near $16.50 on the hourly chart of the LINK\/USD pair (data source from Kraken). The price could start another increase if it clears the $17.50 resistance zone. Chainlink Price Eyes Additional Upsides In the past few days, Chainlink remained in a positive zone above the $15.00 level, like Bitcoin and Ethereum. There was a move above the $16.50 and $17.00 levels. A high was formed at $17.45 before there was a downside correction. The price dipped below $16.50 and tested $15.35. A low was formed at $15.34 and the price recently attempted a fresh increase. There was a move above the $16.50 level. It even jumped above the 50% Fib retracement level of the downward move from the $17.45 swing high to the $15.34 low. Besides, there was a break above a key bearish trend line with resistance near $16.50 on the hourly chart of the LINK\/USD pair. Chainlink is now trading above the $16.50 level and the 100 simple moving average (4 hours). Immediate resistance is near the $16.90 level or the 76.4% Fib retracement level of the downward move from the $17.45 swing high to the $15.34 low. The next major resistance is near the $17.50 zone. A clear break above $17.50 may possibly start a steady increase toward the $18.20 level. The next major resistance is near the $18.80 level, above which the price could test $20.00. Another Decline In LINK? If Chainlink\u2019s price fails to climb above the $17.50 resistance level, there could be a fresh decline. Initial support on the downside is near the $16.65 level. The next major support is near the $16.20 level, below which the price might test the $15.50 level. Any more losses could lead LINK toward the $15.00 level in the near term. Technical Indicators Hourly MACD \u2013 The MACD for LINK\/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is now above the 50 level. Major Support Levels \u2013 $16.65 and $16.20. Major Resistance Levels \u2013 $17.00 and $17.50.<\/p>\n","protected":false},"author":67,"featured_media":609595,"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-609593","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>Chainlink (LINK) Primed for Another Surge: Major Rally on the Horizon?<\/title>\n<meta name=\"description\" content=\"Chainlink\u2019s LINK price is gaining bullish momentum above $16.50. 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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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