Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»A major rally on the horizon?
EXCHANGE NEWS

A major rally on the horizon?

By Crypto FlexsJune 11, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
A major rally on the horizon?
Share
Facebook Twitter LinkedIn Pinterest Email

Chainlink’s LINK price is showing strength above $16.50. A break out of the $17.50 resistance area could lead the price to continue rising.

  • Chainlink price is showing bullish signs and we expect further gains above $17.00 against the US dollar.
  • The price is trading near the $16.50 level and above the 100-hour simple moving average.
  • On the hourly chart of the LINK/USD pair (data source from Kraken), a breakout occurred above the main bearish trendline with resistance near $16.50.
  • A break out of the $17.50 resistance area could push the price higher again.

Chainlink Price Eyes Rises Further

Over the past few days, Chainlink has remained in positive territory above the $15.00 level, like Bitcoin and Ethereum. There was movement above the $16.50 and $17.00 levels. A high was reached at $17.45 before a downward correction.

The price fell below $16.50 and tested $15.35. The low was formed at $15.34 and the price recently attempted a new rise. There was a move above the $16.50 level. It crossed the 50% Fib retracement level moving down from the $17.45 swing high to the $15.34 low.

Moreover, a breakout occurred above the main bearish trendline with resistance near $16.50 on the hourly chart of the LINK/USD pair. Chainlink is currently trading above the $16.50 level and the 100 simple moving average (4-hours).

Source: LINKUSD on TradingView.com

Immediate resistance is near the $16.90 level or the 76.4% Fib retracement level of the downside move from the $17.45 swing high to the $15.34 low. The next major resistance is near the $17.50 area. A clear break above $17.50 could begin a steady rise towards the $18.20 level. The next major resistance is near the $18.80 level, above which the price may test $20.00.

Another decline for LINK?

There could be a fresh decline if Chainlink’s price fails to break above the $17.50 resistance level. Initial support for the downside is near the $16.65 level.

The next major support is near the $16.20 level, below which the price may test the $15.50 level. Any further losses could push LINK towards the $15.00 level in the near term.

technical indicators

Hourly MACD – The MACD for LINK/USD is gaining momentum in bullish territory.

Hourly Relative Strength Index (RSI) – The RSI for LINK/USD is now above the 50 level.

Key support levels – $16.65 and $16.20.

Key resistance levels – $17.00 and $17.50.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Pudgy Penguins

August 28, 2025

Will Cardano (ADA) step back and push the bear back low?

August 22, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025
Most Popular

Analysts rate Bitcoin as the most promising asset for 2024 and predict a price potential of $120,000.

December 17, 2023

Who is Satoshi Nakamoto, the founder of Bitcoin?

June 22, 2024

Analyst Says Ethereum Is Seeing ‘Systematic Buying’ What does this mean?

November 24, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.