{"id":29338,"date":"2023-09-27T05:49:21","date_gmt":"2023-09-27T05:49:21","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/09\/27\/link-price-extends-increase-will-chainlink-bulls-be-able-to-hit-8-5-milestone\/"},"modified":"2023-09-27T05:49:21","modified_gmt":"2023-09-27T05:49:21","slug":"link-price-extends-increase-will-chainlink-bulls-be-able-to-hit-8-5-milestone","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/09\/27\/link-price-extends-increase-will-chainlink-bulls-be-able-to-hit-8-5-milestone\/","title":{"rendered":"LINK Price Extends Increase, Will Chainlink Bulls Be Able to Hit $8.5 Milestone?"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Chainlink\u2019s LINK worth is shifting increased above the $7.25 resistance. The worth is now consolidating positive aspects and would possibly purpose for extra upsides above $7.50.<\/em><\/p>\n<ul>\n<li>Chainlink worth is displaying constructive indicators above $7.25 in opposition to the US greenback.<\/li>\n<li>The worth is buying and selling above the $7.30 stage and the 100 easy shifting common (4 hours).<\/li>\n<li>There is a key bullish pattern line forming with assist close to $7.25 on the 4-hour chart of the LINK\/USD pair (information supply from Kraken).<\/li>\n<li>The worth might restart its enhance except there&#8217;s a shut under the $6.95 assist.<\/li>\n<\/ul>\n<h2>Chainlink (LINK) Price Eyes More Upsides<\/h2>\n<p>In the final <a href=\"https:\/\/www.newsbtc.com\/analysis\/link\/link-price-prediction-chainlink-7-20\/\" target=\"_blank\" rel=\"noopener\">LINK price prediction<\/a>, we mentioned the possibilities of extra positive aspects above the $7.00 stage in opposition to the US Dollar. The worth did stay secure and prolonged positive aspects above the $7.25 stage.<\/p>\n<p>The worth even broke the $7.50 stage. Chainlink traded as excessive as $7.56 and outperformed <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-recovery-26k\/\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a> and <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-recovery-1620\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a>. Recently, there was a minor draw back correction under $7.40. The worth examined the 23.6% Fib retracement stage of the upward transfer from the $6.60 swing low to the $7.56 excessive.<\/p>\n<p>LINK is now buying and selling above the $6.50 stage and the 100 easy shifting common (4 hours). There can also be a key bullish pattern line forming with assist close to $7.25 on the 4-hour chart of the LINK\/USD pair.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink-1.png?resize=1024%2C468\"><img decoding=\"async\" class=\"alignnone size-full wp-image-553057\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink-1.png?resize=1024%2C468\" alt=\"Chainlink (LINK) Price\" width=\"1024\" height=\"468\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink-1.png?resize=1024%2C468?w=1835 1835w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink-1.png?resize=1024%2C468?w=460 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink-1.png?resize=1024%2C468?w=768 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink-1.png?resize=1024%2C468?w=860 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink-1.png?resize=1024%2C468?w=1536 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink-1.png?resize=1024%2C468?w=750 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/LINK-Price-Chainlink-1.png?resize=1024%2C468?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" loading=\"lazy\" data-recalc-dims=\"1\"\/><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/LINKUSD\/\" target=\"_blank\" rel=\"noopener\">LINKUSD on TradingView.com<\/a><\/p>\n<p>If there&#8217;s a recent enhance, the value would possibly face resistance close to $7.45. The first main resistance is close to the $7.50 zone. A transparent break above $7.50 might presumably begin a gradual enhance towards the $8.00 and $8.20 ranges. The subsequent main resistance is close to the $8.50 stage, above which the value might take a look at $8.80.<\/p>\n<h2>Are Dips Limited?<\/h2>\n<p>If Chainlink\u2019s worth fails to climb above the $7.50 resistance stage, there might be a draw back extension. Initial assist on the draw back is close to the $7.25 stage.<\/p>\n<p>The subsequent main assist is close to the $6.95 stage or the 61.8% Fib retracement stage of the upward transfer from the $6.60 swing low to the $7.56 excessive, under which the value would possibly take a look at the $6.80 stage. Any extra losses may lead LINK towards the $6.60 stage within the close to time period.<\/p>\n<p>Technical Indicators<\/p>\n<p>4 hours MACD \u2013 The MACD for LINK\/USD is shedding momentum within the bullish zone.<\/p>\n<p>4 hours RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is now above the 50 stage.<\/p>\n<p>Major Support Levels \u2013 $7.25 and $6.95.<\/p>\n<p>Major Resistance Levels \u2013 $7.50 and $8.50.<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/link\/link-price-extends-increase-8-50\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Chainlink\u2019s LINK worth is shifting increased above the $7.25 resistance. The worth is now consolidating positive aspects and would possibly purpose for extra upsides above $7.50. Chainlink worth is displaying constructive indicators above $7.25 in opposition to the US greenback. The worth is buying and selling above the $7.30 stage and the 100 easy 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