{"id":194004,"date":"2023-09-22T05:39:38","date_gmt":"2023-09-22T05:39:38","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=194004"},"modified":"2023-09-22T05:39:38","modified_gmt":"2023-09-22T05:39:38","slug":"link-price-prediction-chainlink-recovery-stalls-but-not-likely-over","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/link-price-prediction-chainlink-recovery-stalls-but-not-likely-over\/","title":{"rendered":"LINK Price Prediction: Chainlink Recovery Stalls But Not Likely Over"},"content":{"rendered":"
Chainlink\u2019s LINK price recovered above the $6.50 resistance. The price is now correcting gains, but it might find bids near $6.40 and could start a fresh increase.<\/em><\/p>\n After a steady decline, LINK price found support near the $5.75 zone against the US Dollar. A low was formed near $5.74 and the price recently started a fresh increase, like Bitcoin and Ethereum.<\/p>\n The price recovered above the $6.00 and $6.20 resistance levels. The bulls were able to pump the price above the $6.50 level and the 100 simple moving average (4 hours). Finally, the bears appeared near the $7.00 zone. A high is formed near $7.03 and the price is now correcting gains.<\/p>\n It traded below the 23.6% Fib retracement level of the upward move from the $5.74 swing low to the $7.03 high. LINK is still trading above the $6.50 level and the 100 simple moving average (4 hours). There is also a connecting bullish trend line forming with support near $6.40 on the 4-hour chart of the LINK\/USD pair. The trend line is near the 50% Fib retracement level of the upward move from the $5.74 swing low to the $7.03 high.<\/p>\n Source: LINKUSD on TradingView.com<\/p>\n If there is a fresh increase, the price might face resistance near $6.80. The first major resistance is near the $7.00 zone. A clear break above $7.00 may possibly start a steady increase toward the $7.25 and $7.32 levels. The next major resistance is near the $7.50 level, above which the price could revisit $7.85.<\/p>\n If Chainlink\u2019s price fails to climb above the $6.80 resistance level, there could be a downside extension. Initial support on the downside is near the $6.50 level.<\/p>\n The next major support is near the $6.40 level, below which the price might test the $5.90 level. Any more losses could lead LINK toward the $5.75 level in the near term.<\/p>\n Technical Indicators<\/p>\n 4 hours MACD \u2013 The MACD for LINK\/USD is losing momentum in the bullish zone.<\/p>\n 4 hours RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is now above the 50 level.<\/p>\n Major Support Levels \u2013 $6.50 and $6.40.<\/p>\n Major Resistance Levels \u2013 $6.80 and $7.00.<\/p>\n\n
Chainlink (LINK) Price Turns Green<\/h2>\n
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More Losses?<\/h2>\n