Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»EXCHANGE NEWS»Chainlink recovery is halted, but unlikely to end
EXCHANGE NEWS

Chainlink recovery is halted, but unlikely to end

By Crypto FlexsNovember 30, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Chainlink recovery is halted, but unlikely to end
Share
Facebook Twitter LinkedIn Pinterest Email

Chainlink’s LINK price recovered above the $6.50 resistance level. The price is now correcting to the upside, but could look for bids near $6.40 and start a new increase.

  • Chainlink price is showing positive signs above $6.5 against the US dollar.
  • The price is trading near the $6.50 level and above the 100 simple moving average (4-hours).
  • The 4-hours chart of the LINK/USD pair (data source from Kraken) has a connected bullish trend line forming with support near $6.40.
  • Unless it closes below the $6.40 support, the price may rise again.

Chainlink (LINK) price turns green

LINK price, which showed a steady decline, found support around $5.75 against the U.S. dollar. A low was made near $5.74 and, like Bitcoin and Ethereum recently, the price began a new rise.

The price recovered above the $6.00 and $6.20 resistance levels. The bulls were able to push the price above the $6.50 level and the 100 simple moving average (4-hours). Finally, weakness emerged near $7.00. A high was made near $7.03 and the price is currently correcting to the upside.

It traded 23.6% below the Fib retracement level, rising 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). On the 4-hours chart of the LINK/USD pair, there is also a connecting bullish trend line forming with support near $6.40. The trend line is near the 50% Fib retracement level rising from the $5.74 swing low to the $7.03 high.

Source: LINKUSD on TradingView.com

If there is a new price increase, the price may face resistance near $6.80. The first major resistance is near the $7.00 area. A clear break above $7.00 could begin a steady rise towards the $7.25 and $7.32 levels. The next major resistance is near the $7.50 level, above which the price may revisit $7.85.

Are there more losses?

If Chainlink’s price fails to rise above the $6.80 resistance, the downtrend could extend. Initial support for the downside is near the $6.50 level.

The next major support is near the $6.40 level, below which the price may test the $5.90 level. Any more losses could push LINK down to the $5.75 level in the near term.

technical indicators

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

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

Key support levels – $6.50 and $6.40.

Key resistance levels – $6.80 and $7.00.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Dogecoin (DOGE) after collision

June 23, 2025

Litecoin Key Support in Focus Price Eye Brake Out Determination

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 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

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

Ethereum faces an uphill battle: can it overcome its challenges?

May 31, 2024

TSMC and NVIDIA transform chip manufacturing with cuLitho and AI

October 10, 2024

Best Cryptocurrencies to Invest in Right Now April 24 – Theta Network, Celestia, TRON

April 25, 2024
  • 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.