- On May 23, the price of Chainlink had its $1.400 overhead resistance.
- Nevertheless, the coin is facing resistance at the $2.0 price level.
LINK/USD Long-term Trend: Bullish
- Resistance levels: $1.2000, $1.4000, $1.6000
- Support levels: $0.8000, $0.6000, $0.4000
The LINK/USD pair was in the bullish trend zone. On May 23, the price of Chainlink had its $1.400 overhead resistance. The bulls were resisted and the LINK market had a downward correction to the support of the 12-day EMA and Later below the 12-day EMA and 26-day EMA. The crypto’s price is below the EMAs which suggest that price is likely to fall. However, from the price action, the bulls break above the EMAs to commence a range bound move above the EMAs.
On June 13, the price of Chainlink had a bullish break at the $1.400 price level. The bullish breakout broke through the resistance of $1.40 and reached a high of $2.0 price level. Nevertheless, the coin is facing resistance at the $2.0 price level.The stochastic is in the oversold region but above the 60% range which indicates that the price of Chainlink is in a bullish momentum and a buy signal.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
Bitcoin Market Price Chart in RealTime