Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»EXCHANGE NEWS»Chainlink hints at a potential rally to $8.
EXCHANGE NEWS

Chainlink hints at a potential rally to $8.

By Crypto FlexsDecember 2, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Chainlink hints at a potential rally to .
Share
Facebook Twitter LinkedIn Pinterest Email

Chainlink’s LINK price remains within the $7.30 support area. A break out of the $7.50 resistance area could start a new rally for the price.

  • The Chainlink token price is showing positive signs above $7.30 against the US dollar.
  • The price is trading near the $7.40 level and above the 100 simple moving average (4-hours).
  • On the 4-hours chart of the LINK/USD pair, there is a major descending channel with resistance forming near $7.50 (data source from Kraken).
  • The price may gain bullish momentum above the $7.50 resistance zone.

Chainlink (LINK) price hike

After a strong rally, LINK price faced sellers near the $7.90 area against the US dollar. Unlike Bitcoin or Ethereum, the highest price was formed near $7.91 and the price began to adjust downward.

There was movement below the $7.60 and $7.50 levels. The price fell below the 50% Fib retracement level, rising from the $6.932 swing low to the $7.915 high. The price also soared below $7.40. However, the bulls are active near the $7.30 support level.

LINK is trading above the 61.8% Fib retracement level rising from the $6.932 swing low to the $7.915 high. It is also above the $7.40 level and the 100 simple moving average (4-hours).

Source: LINKUSD on TradingView.com

It currently faces resistance near the $7.50 level. There is also a major descending channel with resistance forming near $7.50 on the 4-hours chart of the LINK/USD pair. The first major resistance is near the $7.685 area. A clear break above $7.685 could begin a new rally towards the $7.90 and $8.00 levels. The next major resistance is near the $8.20 level, a break above which could lead the price to revisit $8.50.

Are there more losses?

If Chainlink’s price fails to rise above the $7.50 resistance, the downtrend could extend. Initial support for the downside is near the $7.30 level.

The next major support is near the $7.15 level, below which the price may test the $7.00 level. Any further losses could push the price towards the $6.85 level in the near term.

technical indicators

4-Hour MACD – The MACD for LINK/USD is losing momentum in bearish territory.

4-Hour RSI (Relative Strength Index) – The RSI for LINK/USD is now close to the 50 level.

Key support levels – $7.30 and $7.15.

Key resistance levels – $7.50 and $7.685.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin prices slide again, causing new fear of deeper modifications.

June 5, 2025

The price is farther, and the investor of EDGE

June 5, 2025

Vechain is a crawling for the Renaissance upgrade among the veterinarian price pressure.

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025

Arca EXEC writes a scratch on Circle after IPO

June 6, 2025

The robot of 1x Technologies aims to revolutionize ordinary work with AI.

June 5, 2025

Trump is a magical Eden encryption wallet tie, Trump coin deep 13%

June 5, 2025

Bitcoin prices slide again, causing new fear of deeper modifications.

June 5, 2025

The Ether Leeum Foundation summarizes a comprehensive financial policy.

June 5, 2025

Using BCC mining increases daily passive income of $ 57,700

June 5, 2025

Ray for the square and scalable AI solutions and RAG pipelines on all scale

June 5, 2025

Economist Henrik Zeberg says that Altcoins is trying to start an explosive stage and updates Outlook and Under-The Radar Crypto for Dogwifhat.

June 5, 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

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025
Most Popular

Bitcoin miner Riot Platform generated record total revenue of $281 million in 2023.

February 24, 2024

Pendle Protocol – For DeFi Users ADeep Dive

December 20, 2023

DN Miner 7’s best cloud mining platform cryptocurrency investor can earn free bitcoin.

April 15, 2025
  • 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.