Skip to main content

Chainlink Price Prediction: Is the LINK Price Rising Now?

 


Chainlink price returned to around $6.2. There he encounters strong support, which he has already bounced off several times.


Chainlink price bounces off USD 6.2 again

The Chainlink price returned to support between around USD 5 and around USD 6.25 again, which Chainlink was able to bounce off. Chainlink is now finding the next significant Fibonacci resistance at around USD 7.5 and USD 8.3. Without a break of the golden ratio resistance at around USD 8.3, the correction remains intact.


In addition, significant resistance is already waiting at around USD 7.34 at the 50-day EMA. Additionally, the MACD histogram has been ticking bullishly higher for the past few days. However, the MACD lines remain bearishly crossed and the RSI is neutral.


The Death Cross on the 4H chart confirms the short-term bearish trend

A death cross has formed on the 4H chart, confirming the trend in a bearish short-term. In addition, the Chainlink price now appears to be being rejected a second time at the 50-4H-EMA resistance around $6.8.


The MACD lines are bullishly crossed in the 4H chart, but the histogram is already ticking bearishly lower. Should the LINK price now bullishly break the 50-4H-EMA at around USD 6.8, the next significant Fib resistance is waiting at around USD 7.5.


Is Chainlink Price Returning To The Low Around $5.3?

If the LINK price cannot bullishly break the golden ratio at around USD 8.3, the LINK price could return to the last low at around USD 5.3 in the medium term.


In addition, the histogram of the MACDs in the weekly chart is ticking bearishly lower for the third week in a row. However, the MACD lines are still bullishly crossed and the RSI is neutral.


If the LINK price bullishly breaks the golden ratio at around USD 8.3, the next significant resistances await at around USD 10.3 and USD 13.4.


The trend clearly remains bearish

Otherwise there is no bullish trend confirmation for Chainlink. Only the MACD histogram was able to close bullishly ticking higher last month. It could also close this month in a bullish manner, because there are only a few hours left until the monthly candle closes.


Nevertheless, August was very bearish towards the end. The trend will remain bearish until LINK price surpasses the golden ratio around USD 35.


Against BTC, Chainlink price was rejected in a bearish manner at the 50-week EMA

Against BTC, Chainlink price was bearishly rejected at the 50-week EMA around 0.000386 BTC, which additionally runs the 0.382 Fib level. The LINK price is now at 0.382 Fib support at around 0.000324 BTC. If LINK breaks this support, significant Fib support will only wait again at around 0.00028 BTC.


Otherwise, the MACD lines on the weekly chart are still bullishly crossed, while the histogram is ticking bearishly lower for the third week in a row.


Disclaimer

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general information purposes only. Any action taken by the reader based on the information found on our website is entirely at their own risk.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin
Post a Comment
Read more

MSP Recovery and Tokenology aim to optimize healthcare with the help of Polygon

  MSP Recovery LLC, a Miami, US-based healthcare provider with an estimated enterprise value of $32.6 billion, is partnering with Web3 company Tokenology to jointly launch a new blockchain platform called Lifechain. Lifechain wants to leverage the verifiable and transparent nature of blockchain technology to aggregate medical care claims, medical expense reports and patient data and streamline their processing. For this purpose, MSP Recovery launched its own LifeWallet in January, which already has 1 million users. In addition to the wallet and blockchain platform, an associated crypto token called LifeCoin is also used. The press release explains that the primary purpose of the system is to enable secondary healthcare providers to more effectively bill health insurance companies for their costs. “The number of medical claims tokenized going forward will surpass $50 million per day by 2024. For this we need scalability, security and sustainability, which we have only found with Polygon
Post a Comment
Read more

British financial regulator criticizes cooperation between Binance and Paysafe

  The British financial regulator FCA has expressed concerns about the partnership between market-leading crypto exchange Binance and payment service provider Paysafe. As the British regulator complains, the partnership gives Binance access to the influential British payment network Faster Payments Service (FPS), from which the crypto exchange was previously cut off. Last June, the FCA ordered Binance to stop all business activities in Great Britain. As a result, prominent banks such as Barclays have terminated their cooperation with the leading crypto trading platform . Through the cooperation with Paysafe, Binance can now again offer deposits in British pounds sterling and transactions within the European Payments Area (SEPA). However, this fact is a thorn in the side of the FCA, as it classifies the crypto exchange as a “considerable risk factor”. However, the financial regulator sees little room for maneuver to counteract this, as the Financial Times reports . “ Paysafe understands
Post a Comment
Read more