Resistance

Chainlink

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Chainlink (LINK) is trading at $7.59 with a minor rise of 2.7% in the previous trading session.</a> </li> 
 <li> <span>2</span> <a>Chainlink gave a good return of 23.40% in the span of 1 month.</a> </li> 
</ul> 
<p>Chainlink is a platform that bridges the gap between the real world and the blockchain world. It allows smart contracts, which are self-executing agreements on the blockchain, to access reliable and verifiable data from external sources, such as weather reports or market prices.&nbsp;</p> 
<p>Chainlink leverages a network of independent nodes, called oracles, that provide data and computation services to smart contracts on any blockchain. Oracles are rewarded with LINK tokens for their work and are held accountable by cryptographic proofs. Chainlink aims to enable a more secure, transparent, and efficient way of connecting businesses and individuals with the blockchain.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-chainlink-stock-price-in-1-d-timeframe-strong"><strong>Technical Analysis of Chainlink Stock Price in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/nYOFtdGgELGtZdZKzfQTdYwyJKHNtlGgqrPtx-FVaJiS9aNNhAUp3lJyFQ85XaV9uEnxHwRZBroKQpSiF-3wmMJWylz65FMl3ysBB2jiIBTlp-J6w004OPUECLrQCF-7bOGrttl2eO3K70IbKzUczg" alt=""> 
  <figcaption class="wp-element-caption">
    Source: Chainlink.1D.USD by <a href="https://www.tradingview.com/x/e2iXr84y/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p><a href="https://www.thecoinrepublic.com/2023/08/08/chainlink-price-prediction-keep-link-crypto-on-radar/" rel="noopener noreferrer nofollow">Chainlink (USD: LINK) stock price </a>has been on a steady rise over the past three months, gaining 15.61% and 23.87% last month. Currently, LINK stock is trading at $7.646 and has been trying to hold on to this level.</p> 
<p>If it can keep this level, the Chainlink price could continue to go up and reach the first and second targets of $8.495 and $9.468. However, if the LINK price cannot maintain this level and falls, then it might hit the closest support levels of $5.856 and $4.985.</p> 
<p>Currently, Chainlink stock (USD: LINK) is trading above the 50 and 200-day simple moving averages, which are supporting the price momentum.&nbsp;</p> 
<p>The current value of RSI is 57.45 points. The 14 SMA is above the median line at 54.15 points which indicates that the Chainlink stock is bullish.</p> 
<p>The MACD line at 0.116 and the signal line at 0.117 are above the zero line. A bearish crossover is observed in the MACD indicator which signals weakness in the momentum of the LINK stock price.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Chainlink (USD: LINK) suggests that the investors and traders of the share price are bullish on the 1-Day time frame. The price action reflects a bullish perspective at the moment. The technical oscillators of the LINK stock price also support the bullish trend. The MACD, RSI, and EMA are emphasizing positive signs and imply that the uptrend may continue in the LINK stock price.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> $5.856 and $4.985.</li> 
</ul> 
<ul> 
 <li><strong>Resistance levels:</strong> $8.495 and $9.468.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in stock involves risk. Please assess your situation and risk tolerance before making any investment decisions.</p>

Chainlink Price Prediction: Will LINK Start Uptrend?

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Thecoinrepublic.com

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