Bitcoin

Resistance

Chainlink

Chainlink (LINK) has seen a surge in recent trading sessions, overcoming critical obstacles and signaling a potential upward trend.  
The positive momentum caused <a href="https://optimisus.com/news/crypto-news/chainlink-link-witnesses-a-17-drop-from-its-yearly-peak-of-17-16/" rel="noopener noreferrer nofollow">LINK's price</a> to rise above $14.50, signaling a significant turnaround for the crypto.  
The path to this upward trajectory began when LINK established a strong base above $12.50 and launched a new surge. Bulls took control of the price, pushing it past key resistance levels and instilling hope in the Chainlink community.  
The break above a significant bearish trend line, which had resistance at around $14.85, was a watershed moment in <a href="https://optimisus.com/news/crypto-news/chainlink-link-surges-by-over-80-in-the-last-28-days/" rel="noopener noreferrer nofollow">this recent surge</a>. The 4-hour chart of the LINK/USD pair depicted this breakthrough, demonstrating the bulls' determination.  
The bulls successfully propelled the pair above the 50% Fibonacci retracement level, adding to the upward momentum.  
This level represents the downward movement from the $17.59 swing high to the $12.50 low, emphasizing the current bullish trend's strength.  
LINK is currently trading comfortably above the $15.00 level as well as the 100 simple moving average (4 hours). This points to a positive trend, with the price demonstrating resilience and outperforming both Bitcoin and Ethereum.  
With the price of LINK up over 5%, the bulls are firmly in control, implying a positive outlook for the cryptocurrency.  
If this positive momentum continues, there is potential for further upward movement, which presents an encouraging scenario for Chainlink fans. 
The post <a href="https://optimisus.com/news/crypto-news/chainlink-surges-past-key-resistance-levels-bulls-in-control/" rel="noopener noreferrer nofollow">Chainlink Surges Past Key Resistance Levels: Bulls in Control</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Chainlink Surges Past Key Resistance Levels: Bulls in Control

Optimisus

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