Ethereum

Bitcoin

Resistance

Chainlink

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/chainlink-link-climbs-past-key-resistance-bullish-trend-emerges" rel="noopener noreferrer nofollow">Chainlink (LINK) Climbs Past Key Resistance, Bullish Trend Emerges</a><br></p>
<p style="text-align: justify">In the dynamic crypto market where <a href="https://en.bitcoinhaber.net/bitcoin-soars-to-21-month-high-amid-etf-excitement-and-market-volatility" rel="noopener noreferrer nofollow">Bitcoin</a> leads the charge with a dominance that recently topped 54%, altcoins are also witnessing substantial market movements. Amid Bitcoin’s value surge, altcoins like Ethereum have crossed notable price thresholds, with Ethereum stepping over $3,600. Following this trend, <a href="https://en.bitcoinhaber.net/chainlinks-link-token-gains-impetus-with-significant-movement-and-price-hike" rel="noopener noreferrer nofollow">Chainlink</a> (LINK), a prominent oracle network, is drawing attention with its promising price activity.</p>
<h2 id="chainlink-breaks-resistance-and-signals-uptrend">Chainlink Breaks Resistance and Signals Uptrend</h2>
<p style="text-align: justify">Chainlink’s recent price trajectory indicates a rebound off a key resistance level, setting it on a potential uptrend. Last week, LINK’s value soared past the $18 resistance, turning it into a support zone. This uptick has been marked by a bullish engulfing pattern, a sign of strong buying interest at minor price declines, hinting at a powerful market sentiment in favor of bulls.</p>
<p style="text-align: justify">Supporting these bullish indicators, the weekly Relative Strength Index (RSI) has pivoted off the previously established bearish divergence line, suggesting a bullish momentum buildup. This <a href="https://en.bitcoinhaber.net/assessing-bitcoin-solana-and-xrps-market-trajectory" rel="noopener noreferrer nofollow">technical analysis</a> posits that LINK could be eyeing a 35.61% rise to the next major resistance at $28.</p>
<h2 id="link-s-strength-in-the-short-term-market">LINK’s Strength in the Short-Term Market</h2>
<p style="text-align: justify">On a shorter time frame, LINK has also breached a temporary resistance line and has since been treating it as a new support level. This break above resistance coupled with an RSI consistently above 50 on the 4-hour chart signals that bulls are steering the market’s direction.</p>
<p style="text-align: justify">The immediate future seems bright for LINK, with expectations of a climb towards the next horizontal resistance at $22.6. While the $28 mark is a target, the short-term goal remains at $22.6. Despite the optimism, a dip below $18 could negate the current bullish outlook. Currently, LINK is trading at $20.47, reflecting the robust market interest in this cryptocurrency.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/chainlink-link-climbs-past-key-resistance-bullish-trend-emerges" rel="noopener noreferrer nofollow">Chainlink (LINK) Climbs Past Key Resistance, Bullish Trend Emerges</a></h5>

Chainlink (LINK) Climbs Past Key Resistance, Bullish Trend Emerges

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