LINK/USD pair on an uptrend to break above 100 MA and set ATH

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The LINK/USD pair is on an uptrend to break above the 100 Moving Average and set a new All Time High. The pair is likely to reach this new ATH if it breaks above the resistance at $0.48. This new ATH is likely to be followed by a downtrend. The current market sentiment is positive and any major negative news is likely to trigger a strong selling pressure.

With the LINK/USD pair on an uptrend to break above 100 MA and set ATH, we may witness a rally in the LINK/USD pair to key resistance levels. The Mcap has reached a new ATH. If the market can succeed to break above the ATH and reach a new ATH, it would be a good sign for the market.. Read more about chainlink price prediction 2030 and let us know what you think. Summary of the situation

  • Chainlink’s price action is targeting the 100-day simple moving average at $30.
  • LINK/USD The RSI indicates an upward trend.
  • Sufficient buying pressure should push the price up 40% and through the $45 level.

Chainlink is in an uptrend on the daily chart and appears to be heading towards the 100-day simple moving average ($30).  This came after the bulls were rejected at $26 and dropped to an intraday low of $22.  The currency has already formed an upward trend channel on the 4-hour chart. If the bulls hold this course, the LINK/USD pair could break through the 50% FIB correction level ($28.29). This will trigger buying action that could send price against the first major resistance and target the 38.2% retracement level of the FIB bullish channel from the 52-week low at $33 to the high at $34.73. As you can see in the chart below, LINK is just recovering from the descending triangle. Selling pressure is strongest around $21, and a possible break below this level could open the door for a bearish reversal towards $16. The decline in the share price on 19… The May drop from $44 to $21 set off a downward trend that broke first and second support and wiped out more than 50% of traders’ investments.  Bulls are hoping the currency will break through $25 resistance and move above the 200-day moving average. To prove this, measure the distance between the head and the recess in the workpiece. Place your result in the middle of a downward pause. At the time of writing, Chainlink (LINK) ranks 14th in market capitalization with a 24-hour trading volume of $3 billion and an earnings percentage of 28.54%. (Source: Tradeview) LINK/USD pair on an uptrend to break above 100 MA and set ATH

The Relative Strength Index (RSI) is above 30, indicating an upward trend line. However, the currency is still facing serious resistance in the $25-$26 area. The price level it has reached in the last few hours.  The bulls may need support from the broader market to neutralize an impending downtrend and reach the $45 level. If this happens, the bulls hope for a retest of the all-time high of $53. (Source: Tradeview) LINK/USD pair on an uptrend to break above 100 MA and set ATH

Chain price movement on 4-hour chart

The four-hour chain candles show no signs of momentum for the bulls or the bears. Slight buying pressure could trigger a pullback and lead to a 20-40% increase.  A sell-off could lead to more red candles on the 4-hour chart and the entry of the second wave of the downtrend. The weekend’s decline caused the market to erase all gains from the 70% rise earlier in the month. LINK stock rose at least 20 points from a low of $29.80 to a high of $53.00. (Source: Tradeview) LINK/USD pair on an uptrend to break above 100 MA and set ATH

Supplement

Chainlink has gained momentum since the beginning of the year, and the announcement of a new blockchain white paper in April has helped. It documents new applications and implementations of smart contracts. Blockchain proponents are clamoring like never before for new circuits like Chainlink, Cardano and Polkadot that look like they could compete with giant circuits like Bitcoin and Ethereum. Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.LINK is a new virtual currency that’s been attracting a lot of attention lately. This is largely thanks to the fact that it’s one of the newest cryptocurrencies on the market, and is still in its infancy. However, there’s more to LINK than just its novelty. Unlike many of the other virtual currencies that are available, this one is actually traded on a number of exchanges around the world. (Most remain on crypto-only exchanges, which limits their potential reach.). Read more about chainlink price prediction 2025 and let us know what you think.

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Emilia James
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