Many cryptocurrencies, including Chainlink, remain under pressure, and according to a recent research report by Coinbase Global, the collapse of FTX could extend the crypto bear market by several more months or perhaps through the end of 2023. Chainlink might have a hard time holding above the current support level, which stands at $5.50, and a break below this level would indicate that we could see LINK at $5 or even below.<\/p>\n","post_title":"Chainlink (LINK) Price Prediction For December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-prediction-for-december","to_ping":"","pinged":"","post_modified":"2023-04-10 18:36:49","post_modified_gmt":"2023-04-10 08:36:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The upside potential remains limited for now; still, if the price of LINK jumps above $8, the next target could be resistance standing at $9.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Many cryptocurrencies, including Chainlink, remain under pressure, and according to a recent research report by Coinbase Global, the collapse of FTX could extend the crypto bear market by several more months or perhaps through the end of 2023. Chainlink might have a hard time holding above the current support level, which stands at $5.50, and a break below this level would indicate that we could see LINK at $5 or even below.<\/p>\n","post_title":"Chainlink (LINK) Price Prediction For December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-prediction-for-december","to_ping":"","pinged":"","post_modified":"2023-04-10 18:36:49","post_modified_gmt":"2023-04-10 08:36:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Chainlink (LINK) might have a hard time holding above the current support level, which stands at $5.50, and a break below this level would indicate that we could see LINK at $5 or even below. Traders should also keep in mind that LINK is correlated with the price of Bitcoin, and when the price of Bitcoin drops, that usually has a negative influence on the price of LINK alongside a majority of altcoins.<\/p>\n\n\n\n
The upside potential remains limited for now; still, if the price of LINK jumps above $8, the next target could be resistance standing at $9.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Many cryptocurrencies, including Chainlink, remain under pressure, and according to a recent research report by Coinbase Global, the collapse of FTX could extend the crypto bear market by several more months or perhaps through the end of 2023. Chainlink might have a hard time holding above the current support level, which stands at $5.50, and a break below this level would indicate that we could see LINK at $5 or even below.<\/p>\n","post_title":"Chainlink (LINK) Price Prediction For December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-prediction-for-december","to_ping":"","pinged":"","post_modified":"2023-04-10 18:36:49","post_modified_gmt":"2023-04-10 08:36:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Chainlink (LINK) might have a hard time holding above the current support level, which stands at $5.50, and a break below this level would indicate that we could see LINK at $5 or even below. Traders should also keep in mind that LINK is correlated with the price of Bitcoin, and when the price of Bitcoin drops, that usually has a negative influence on the price of LINK alongside a majority of altcoins.<\/p>\n\n\n\n
The upside potential remains limited for now; still, if the price of LINK jumps above $8, the next target could be resistance standing at $9.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Many cryptocurrencies, including Chainlink, remain under pressure, and according to a recent research report by Coinbase Global, the collapse of FTX could extend the crypto bear market by several more months or perhaps through the end of 2023. Chainlink might have a hard time holding above the current support level, which stands at $5.50, and a break below this level would indicate that we could see LINK at $5 or even below.<\/p>\n","post_title":"Chainlink (LINK) Price Prediction For December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-prediction-for-december","to_ping":"","pinged":"","post_modified":"2023-04-10 18:36:49","post_modified_gmt":"2023-04-10 08:36:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The price of Chainlink (LINK) has weakened from $9.50 to $5.68 since November 08, and the current price stands at $6.15. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n<\/figure>\n\n\n\n
Chainlink (LINK) might have a hard time holding above the current support level, which stands at $5.50, and a break below this level would indicate that we could see LINK at $5 or even below. Traders should also keep in mind that LINK is correlated with the price of Bitcoin, and when the price of Bitcoin drops, that usually has a negative influence on the price of LINK alongside a majority of altcoins.<\/p>\n\n\n\n
The upside potential remains limited for now; still, if the price of LINK jumps above $8, the next target could be resistance standing at $9.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Many cryptocurrencies, including Chainlink, remain under pressure, and according to a recent research report by Coinbase Global, the collapse of FTX could extend the crypto bear market by several more months or perhaps through the end of 2023. Chainlink might have a hard time holding above the current support level, which stands at $5.50, and a break below this level would indicate that we could see LINK at $5 or even below.<\/p>\n","post_title":"Chainlink (LINK) Price Prediction For December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-prediction-for-december","to_ping":"","pinged":"","post_modified":"2023-04-10 18:36:49","post_modified_gmt":"2023-04-10 08:36:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Technical Analysis Of Chainlink (LINK)<\/h2>\n\n\n\n
The price of Chainlink (LINK) has weakened from $9.50 to $5.68 since November 08, and the current price stands at $6.15. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n<\/figure>\n\n\n\n
Chainlink (LINK) might have a hard time holding above the current support level, which stands at $5.50, and a break below this level would indicate that we could see LINK at $5 or even below. Traders should also keep in mind that LINK is correlated with the price of Bitcoin, and when the price of Bitcoin drops, that usually has a negative influence on the price of LINK alongside a majority of altcoins.<\/p>\n\n\n\n
The upside potential remains limited for now; still, if the price of LINK jumps above $8, the next target could be resistance standing at $9.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Many cryptocurrencies, including Chainlink, remain under pressure, and according to a recent research report by Coinbase Global, the collapse of FTX could extend the crypto bear market by several more months or perhaps through the end of 2023. Chainlink might have a hard time holding above the current support level, which stands at $5.50, and a break below this level would indicate that we could see LINK at $5 or even below.<\/p>\n","post_title":"Chainlink (LINK) Price Prediction For December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-prediction-for-december","to_ping":"","pinged":"","post_modified":"2023-04-10 18:36:49","post_modified_gmt":"2023-04-10 08:36:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
While FTX\u2019s bankruptcy proceedings will be closely watched, the price direction of LINK, together with other cryptocurrencies, also depends on how the Federal Reserve\u2019s interest-rate policy plays out. The softening inflation in the United States is undoubtedly positive news for cryptocurrencies, but it is still not sure if the Federal Reserve would take a less aggressive stance in its interest rate hikes. If this happens, we could see some recovery in the cryptocurrency market, but St. Louis Fed President James Bullard said on Friday that the Fed has more work to do which fueled the worries of market participants.<\/p>\n\n\n\n
Technical Analysis Of Chainlink (LINK)<\/h2>\n\n\n\n
The price of Chainlink (LINK) has weakened from $9.50 to $5.68 since November 08, and the current price stands at $6.15. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n<\/figure>\n\n\n\n
Chainlink (LINK) might have a hard time holding above the current support level, which stands at $5.50, and a break below this level would indicate that we could see LINK at $5 or even below. Traders should also keep in mind that LINK is correlated with the price of Bitcoin, and when the price of Bitcoin drops, that usually has a negative influence on the price of LINK alongside a majority of altcoins.<\/p>\n\n\n\n
The upside potential remains limited for now; still, if the price of LINK jumps above $8, the next target could be resistance standing at $9.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Many cryptocurrencies, including Chainlink, remain under pressure, and according to a recent research report by Coinbase Global, the collapse of FTX could extend the crypto bear market by several more months or perhaps through the end of 2023. Chainlink might have a hard time holding above the current support level, which stands at $5.50, and a break below this level would indicate that we could see LINK at $5 or even below.<\/p>\n","post_title":"Chainlink (LINK) Price Prediction For December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-prediction-for-december","to_ping":"","pinged":"","post_modified":"2023-04-10 18:36:49","post_modified_gmt":"2023-04-10 08:36:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\"To reduce further cascading negative effects of FTX, Binance is forming an industry recovery fund to help projects which are otherwise strong.\u201c<\/em><\/p>\n\n\n\n
While FTX\u2019s bankruptcy proceedings will be closely watched, the price direction of LINK, together with other cryptocurrencies, also depends on how the Federal Reserve\u2019s interest-rate policy plays out. The softening inflation in the United States is undoubtedly positive news for cryptocurrencies, but it is still not sure if the Federal Reserve would take a less aggressive stance in its interest rate hikes. If this happens, we could see some recovery in the cryptocurrency market, but St. Louis Fed President James Bullard said on Friday that the Fed has more work to do which fueled the worries of market participants.<\/p>\n\n\n\n
Technical Analysis Of Chainlink (LINK)<\/h2>\n\n\n\n
The price of Chainlink (LINK) has weakened from $9.50 to $5.68 since November 08, and the current price stands at $6.15. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n<\/figure>\n\n\n\n
Chainlink (LINK) might have a hard time holding above the current support level, which stands at $5.50, and a break below this level would indicate that we could see LINK at $5 or even below. Traders should also keep in mind that LINK is correlated with the price of Bitcoin, and when the price of Bitcoin drops, that usually has a negative influence on the price of LINK alongside a majority of altcoins.<\/p>\n\n\n\n
The upside potential remains limited for now; still, if the price of LINK jumps above $8, the next target could be resistance standing at $9.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Many cryptocurrencies, including Chainlink, remain under pressure, and according to a recent research report by Coinbase Global, the collapse of FTX could extend the crypto bear market by several more months or perhaps through the end of 2023. Chainlink might have a hard time holding above the current support level, which stands at $5.50, and a break below this level would indicate that we could see LINK at $5 or even below.<\/p>\n","post_title":"Chainlink (LINK) Price Prediction For December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-prediction-for-december","to_ping":"","pinged":"","post_modified":"2023-04-10 18:36:49","post_modified_gmt":"2023-04-10 08:36:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Dogecoin\u2019s Shibetoshi Nakamoto said that a potential crash of the crypto exchange Binance could severely destabilize the entire industry, but immediately after his comment, Binance confirmed that its balance sheet remains stable. The largest cryptocurrency platform Binance reported:<\/p>\n\n\n\n
\"To reduce further cascading negative effects of FTX, Binance is forming an industry recovery fund to help projects which are otherwise strong.\u201c<\/em><\/p>\n\n\n\n
While FTX\u2019s bankruptcy proceedings will be closely watched, the price direction of LINK, together with other cryptocurrencies, also depends on how the Federal Reserve\u2019s interest-rate policy plays out. The softening inflation in the United States is undoubtedly positive news for cryptocurrencies, but it is still not sure if the Federal Reserve would take a less aggressive stance in its interest rate hikes. If this happens, we could see some recovery in the cryptocurrency market, but St. Louis Fed President James Bullard said on Friday that the Fed has more work to do which fueled the worries of market participants.<\/p>\n\n\n\n
Technical Analysis Of Chainlink (LINK)<\/h2>\n\n\n\n
The price of Chainlink (LINK) has weakened from $9.50 to $5.68 since November 08, and the current price stands at $6.15. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n<\/figure>\n\n\n\n
Chainlink (LINK) might have a hard time holding above the current support level, which stands at $5.50, and a break below this level would indicate that we could see LINK at $5 or even below. Traders should also keep in mind that LINK is correlated with the price of Bitcoin, and when the price of Bitcoin drops, that usually has a negative influence on the price of LINK alongside a majority of altcoins.<\/p>\n\n\n\n
The upside potential remains limited for now; still, if the price of LINK jumps above $8, the next target could be resistance standing at $9.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Many cryptocurrencies, including Chainlink, remain under pressure, and according to a recent research report by Coinbase Global, the collapse of FTX could extend the crypto bear market by several more months or perhaps through the end of 2023. Chainlink might have a hard time holding above the current support level, which stands at $5.50, and a break below this level would indicate that we could see LINK at $5 or even below.<\/p>\n","post_title":"Chainlink (LINK) Price Prediction For December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-prediction-for-december","to_ping":"","pinged":"","post_modified":"2023-04-10 18:36:49","post_modified_gmt":"2023-04-10 08:36:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
There is also other negative news currently connected with the cryptocurrency market that continues to make investors nervous. Genesis Global Capital, the crypto lending arm of Genesis Trading, had paused withdrawals over liquidity problems, while some analysts expect the FTX crisis to cause a domino effect and drag other exchanges into the mud.<\/p>\n\n\n\n
Dogecoin\u2019s Shibetoshi Nakamoto said that a potential crash of the crypto exchange Binance could severely destabilize the entire industry, but immediately after his comment, Binance confirmed that its balance sheet remains stable. The largest cryptocurrency platform Binance reported:<\/p>\n\n\n\n
\"To reduce further cascading negative effects of FTX, Binance is forming an industry recovery fund to help projects which are otherwise strong.\u201c<\/em><\/p>\n\n\n\n
While FTX\u2019s bankruptcy proceedings will be closely watched, the price direction of LINK, together with other cryptocurrencies, also depends on how the Federal Reserve\u2019s interest-rate policy plays out. The softening inflation in the United States is undoubtedly positive news for cryptocurrencies, but it is still not sure if the Federal Reserve would take a less aggressive stance in its interest rate hikes. If this happens, we could see some recovery in the cryptocurrency market, but St. Louis Fed President James Bullard said on Friday that the Fed has more work to do which fueled the worries of market participants.<\/p>\n\n\n\n
Technical Analysis Of Chainlink (LINK)<\/h2>\n\n\n\n
The price of Chainlink (LINK) has weakened from $9.50 to $5.68 since November 08, and the current price stands at $6.15. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n<\/figure>\n\n\n\n
Chainlink (LINK) might have a hard time holding above the current support level, which stands at $5.50, and a break below this level would indicate that we could see LINK at $5 or even below. Traders should also keep in mind that LINK is correlated with the price of Bitcoin, and when the price of Bitcoin drops, that usually has a negative influence on the price of LINK alongside a majority of altcoins.<\/p>\n\n\n\n
The upside potential remains limited for now; still, if the price of LINK jumps above $8, the next target could be resistance standing at $9.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Many cryptocurrencies, including Chainlink, remain under pressure, and according to a recent research report by Coinbase Global, the collapse of FTX could extend the crypto bear market by several more months or perhaps through the end of 2023. Chainlink might have a hard time holding above the current support level, which stands at $5.50, and a break below this level would indicate that we could see LINK at $5 or even below.<\/p>\n","post_title":"Chainlink (LINK) Price Prediction For December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-prediction-for-december","to_ping":"","pinged":"","post_modified":"2023-04-10 18:36:49","post_modified_gmt":"2023-04-10 08:36:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8474,"post_author":"14","post_date":"2022-11-20 14:42:05","post_date_gmt":"2022-11-20 03:42:05","post_content":"\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8474,"post_author":"14","post_date":"2022-11-20 14:42:05","post_date_gmt":"2022-11-20 03:42:05","post_content":"\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
\nEditah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
![\"Technical](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2022\/11\/ChainLink-analysis-1160x492.jpg\")
<\/figure>\n\n\n\n![\"Support](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2022\/11\/Chainlink-link-29-11-22-1160x541.png\")
<\/figure>\n\n\n\n![\"\"](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2022\/12\/chinlink-chart.png\")