Charted: Chainlink (LINK) Seems Unstoppable As Bulls Take Over Crypto Market

Charted: Chainlink (LINK) Seems Unstoppable As Bulls Take Over Crypto Market


Chainlink (LINK) started a strong increase above the $9.65 resistance against the US Dollar. The price is now attempting another upside break above the $11.00 resistance.

Chainlink token price is showing positive signs above the $10.00 resistance against the US dollar. The price is now testing the $11.00 resistance and it is well above the 100 simple moving average (4-hours). There is a short-term rising channel forming with support near $10.50 on the 4-hours chart of the LINK/USD pair (data source from Kraken). The pair could rally if there is a clear break above the $11.00 and $11.25 resistance levels. Chainlink (LINK) Price Rallies 8%

In the last technical analysis, we saw a bullish breakout in chainlink (LINK) above the $9.00 resistance level. The price remained in a positive zone and it gained pace above the $10.00 resistance level (similar to bitcoin above $11,000).

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The price rallied over 8% and it broke the 61.8% Fib retracement level of the

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