Bitcoin

Resistance

Chainlink

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/chainlink-faces-critical-resistance-levels-for-price-surge/" data-wpel-link="internal">Chainlink Faces Critical Resistance Levels for Price Surge</a> 
Chainlink’s LINK token is currently struggling to break the $13.80 resistance level. However, if the $13.00 support breaks, a downward movement may continue. Against the dollar, Chainlink’s <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">price</a> shows signs of decline below the $14.00 resistance. The current price is $13.41. If LINK surpasses the $13.80 resistance zone, a strong upward momentum may begin. 
<h2 style="text-align: justify" id="chainlink-must-overcome-critical-resistances-for-price-increase">Chainlink Must Overcome Critical Resistances for Price Increase</h2> 
In recent days, Chainlink has experienced a steady decline well above the $13.80 level. Similar to other cryptocurrencies like Bitcoin and Ethereum, LINK’s price fell below the $13.50 support level while about to enter a short-term bullish zone. 
The price tested the $13.10 support zone, reaching a low of $13.07. A brief recovery wave followed, pushing the price above $13.50. However, bears remain active below the $13.80 resistance. Therefore, LINK is still trading below the $13.80 level. 
Immediate resistance is near the $13.50 level. Additionally, the LINK/USD pair’s 4-hour chart shows a significant downtrend line around $13.50. The next major resistance is near the $13.80 zone. A clear break above this level could trigger a steady rise towards the $14.00 level. 
<h2 style="text-align: justify" id="chainlink-may-fall-if-it-fails-to-break-13-50">Chainlink May Fall if It Fails to Break $13.50</h2> 
If Chainlink (LINK) fails to break the $13.50 resistance level, a new downtrend might be imminent. Currently, the first resistance LINK faces is set at $13.50. If the price fails to surpass this level, it may retreat towards the initial support around $13.10. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-351161 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/link.png" alt="" width="1815" height="798"> 
If Chainlink experiences further losses, the next critical support level is set at $12.80. A move below this level could lead the price to decline to $12.20. Additionally, this situation could strengthen the possibility of LINK heading towards $11.50 in the near term. 
According to <a href="https://en.coin-turk.com/exploring-the-potential-surge-of-select-altcoins-amidst-the-crypto-rally/" data-wpel-link="internal">technical analysis</a> indicators, the 4-hour MACD indicator is gaining momentum in the bearish zone for the LINK/USD pair. This could signal a potential downtrend in the price. Similarly, the 4-hour RSI (Relative Strength Index) is currently below the 50 level, indicating that selling pressure may continue. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/chainlink-faces-critical-resistance-levels-for-price-surge/" data-wpel-link="internal">Chainlink Faces Critical Resistance Levels for Price Surge</a></h5>

Chainlink Faces Critical Resistance Levels for Price Surge

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