Chainlink

<p><em><strong>The price of Chainlink’s LINK token is climbing above the $20.00 mark, showing a gain of over 5%. There’s speculation it could continue rising and target the $25.00 resistance level.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Binance-labs.png?fit&#61;850%2C480&amp;ssl&#61;1" /></p><p>Chainlink’s price is looking good above $20.00 against the US dollar. It’s trading above $20.50 and the 100 simple moving average on the 4-hour chart. A significant development was breaking a bearish trend line near $20.00. According to data from Kraken, if the price surpasses the $22.00 resistance area, it might rally even more.</p><h3 id="chainlink-bulls-push-price-higher">Chainlink Bulls Push Price Higher</h3><p>In recent sessions, Chainlink bulls successfully surpassed key obstacles around $18.50. This followed a period where the LINK price stabilized above $16.75, sparking a fresh upward trend.</p><p>A significant <a href="https://cryptosheadlines.com/shiba-inu-shib-sees-unexpected-surge-nearing-breakthrough/" rel="noopener noreferrer nofollow">breakthrough occurred as the bearish trend line near</a> $20.00 was breached on the 4-hour LINK/USD chart. The bulls then drove the pair above $22.00, resulting in a new multi-month high at $22.85 before a downward correction ensued.</p><p>Despite a dip below $22.00, the price remains above the $20.50 level and the 100 simple moving average (4 hours), showcasing a 5% increase. This performance <a href="https://cryptosheadlines.com/tron-token-surges-190-outpacing-bitcoin-and-ethereum/" rel="noopener noreferrer nofollow">outpaces Bitcoin and Ethereum</a>. If bullish momentum persists, the price could continue its ascent. Immediate resistance is anticipated around $21.80.</p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/03/cryptosheadlines002-7.webp?resize&#61;640%2C288&amp;ssl&#61;1" /></p><p>Source: <a href="https://www.tradingview.com/symbols/LINKUSD/" rel="noopener noreferrer nofollow">LINKUSD on TradingView.com</a></p><h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Binance-labs.png?fit&#61;850%2C480&amp;ssl&#61;1" /></p><p>The $22.00 zone marks a significant hurdle. Surpassing it could signal a sustained uptrend toward $23.00 and $24.20 levels. Further resistance lies near $24.80, potentially leading to a test of $25.00.</p><p><a href="https://cryptosheadlines.com/terra-classics-validator-support-expansion/" rel="noopener noreferrer nofollow">Also Read:   Terra Classic&#39;s Validator Support Expansion</a></p><h3 id="strong-potential-downside-scenarios-for-chainlink-strong"><strong>Potential Downside Scenarios for Chainlink</strong></h3><p>If Chainlink’s <a href="https://cryptosheadlines.com/dogecoin-price-prediction-support-and-resistance-levels/" rel="noopener noreferrer nofollow">price fails to surpass the $22.00 resistance level</a>, a downside correction could ensue. Initial support is anticipated near the $21.00 mark.</p><p>The next significant support level lies around $20.00 or the 50% Fibonacci retracement level, calculated from the upward movement between the $16.75 swing low and the $22.85 high. If these levels are breached, the price might test $18.80, with further losses potentially leading to a downturn toward $17.65 in the near future.</p><h3 id="strong-technical-indicators-strong"><strong>Technical Indicators</strong></h3><ul><li>On the 4-hour chart, the MACD for LINK/USD is showing <a href="https://cryptosheadlines.com/chainlink-link-price-bullish-momentum-and-gains-ahead/" rel="noopener noreferrer nofollow">bullish momentum</a>. Additionally, the RSI (Relative Strength Index) is above the 50 level, <a href="https://cryptosheadlines.com/binance-ceo-embraces-meme-coin-craze-as-positive-indicator/" rel="noopener noreferrer nofollow">indicating positive</a> sentiment.</li><li>Major support levels are identified at $21.00 and $20.00, while major resistance levels stand at $22.00 and $23.00.</li></ul><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

Chainlink: Potential 10% Surge

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