LINK eyes $20.5 as momentum indicators switch bullish; Check forecast

2025-8-8 06:35

Key takeaways

LINK is the second-best performer among the top 20 coins, up 13.5% in the last 24 hours. The rally comes after Chainlink introduced the Chainlink Reserve.

The cryptocurrency market has turned bullish following days of bearish price action this week. Bitcoin hit the $117k level for the first time this week while Ether is targeting the $4k high once again.

LINK, the native coin of the Chainlink blockchain, is the second-best performer among the top 20 cryptocurrencies by market cap. The coin could rally higher as momentum indicators switch bullish.

Chainlink introduces the Chainlink Reserve

LINK is up 13.5% in the last 24 hours, outperforming other major cryptocurrencies in the top 20 except Stellar’s XLM. At press time, LINK is trading at $19.04 and looks set to hit a new weekly high if market conditions remain bullish.

The primary catalyst behind LINK’s rally is the launch of the Chainlink Reserve. Chainlink announced on Thursday that it has launched the Chainlink Reserve. This is a new upgrade centered on the creation of a strategic onchain reserve of LINK tokens.

According to Chainlink, the Chainlink Reserve is designed to support the long-term growth and sustainability of the Chainlink Network. It will achieve this by accumulating LINK tokens using offchain revenue from large enterprises that are adopting the Chainlink standard and from onchain service usage. The team added that the Chainlink Reserve is being built up by using Payment Abstraction to convert offchain and onchain revenue into LINK.

LINK could soar past the $20.5 resistance level soon

The LINK/USD 4-hour chart is extremely bullish thanks to Chainlink’s ongoing rally. The technical indicators have switched bullish. The efficiency also showed that LINK has swept liquidity to the downside and could be gearing up to soar higher.

The RSI of 76 shows that LINK is close to an overbought situation while the MACD lines are deep within the positive territory. The momentum indicators suggest that LINK is extremely bullish and could rally higher soon.

If the trend continues, LINK could soar past the July high of $20.3 over the next few hours. Surpassing the $20.3 resistance level could pave the way for LINK to retest the $27.266 high achieved in January. 

However, if the broader market undergoes a correction, LINK could retest the resistance-turned-support region at $17.2. An extended bearish run would see LINK drop to the TLQ level at $16.103.

The post LINK eyes $20.5 as momentum indicators switch bullish; Check forecast appeared first on CoinJournal.

origin »

ChainLink (LINK) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $17.68
Капитализация $0 Rank 99999
Доступно / Всего 0 LINK

chainlink bullish link market reserve cryptocurrency rally

Источник: coinjournal.net

chainlink bullish → Результатов: 126


Chainlink at a Crossroads: Will LINK’s Bullish Falling Wedge Lead to a Breakout? Key Metrics to Watch

Chainlink (LINK), the decentralized oracle network, finds itself in a critical juncture as it grapples with a potential bullish reversal, according to crypto analyst Daan Crypto Trades. In a tweet, the analyst shared a chart highlighting Chainlink’s price action and the pivotal levels that could dictate its future trajectory.

2024-4-11 23:45


Chainlink Price Analysis LINK / USD: Trying To Emerge

Chainlink has a bullish short-term bias, with the LINK / USD pair recovering above its 200-period moving average on the four-hour time frame The four-hour time is now showing that a bullish breakout from a descending triangle pattern is currently underway The daily time frame is showing that the LINK / USD pair is struggling […] The post Chainlink Price Analysis LINK / USD: Trying To Emerge appeared first on Crypto Briefing.

2019-8-14 16:23


Chainlink Price Analysis LINK / USD: Coinbase, Lift With Caution

Chainlink has a bullish short-term bias, with the LINK / USD pair holding towards its all-time high The four-hour time is now showing that bulls are in full control of price action The daily time frame is showing that a bullish pattern is close to reaching its upside objective Fundamental Analysis Chainlink’s uptrend momentum remains […] The post Chainlink Price Analysis LINK / USD: Coinbase, Lift With Caution appeared first on Crypto Briefing.

2019-6-27 15:48


Chainlink Price Analysis LINK / USD: Linking With Google

Chainlink has a bullish short-term bias, with the LINK / USD breaking out to new all-time price high The four-hour time frame is now showing that a bullish inverted head and shoulders pattern has been ignited The daily time frame is showing a large bullish pattern with scope for further upside Fundamental Analysis LINK has […] The post Chainlink Price Analysis LINK / USD: Linking With Google appeared first on Crypto Briefing.

2019-6-14 16:48


Chainlink Price Analysis LINK / USD: Against The Flow

Chainlink has a bullish short-term bias, with the LINK / USD pair recovering above its 200-period moving average on the four-hour time frame The four-hour time frame is now showing a valid head and shoulders pattern The daily time frame is showing that bulls have invalidated a large head and shoulders pattern Fundamental Notes Chainlink […] The post Chainlink Price Analysis LINK / USD: Against The Flow appeared first on Crypto Briefing.

2019-6-6 16:37


Chainlink Price Analysis LINK / USD: Mainnet Euphoria

Chainlink is bullish in the short-term, with the LINK / USD pair advancing to a new 2019 trading high The bullish inverted head and shoulders pattern has now been triggered across the four-hour time frame The daily time frame is showing that the cryptocurrency has now broken above major trendline resistance Chainlink / USD Short-term […] The post Chainlink Price Analysis LINK / USD: Mainnet Euphoria appeared first on Crypto Briefing.

2019-5-16 16:32


ChainLink (LINK) Price Analysis and Prediction 2019 – All Bullish Confirmations You Can Hope For (Mid May Update)

Mid May Update: Technicals LINKBTC looks very good on the daily timeframe. Link managed to break the EMA200 and two resistances: horizontal at 9473 sats and ascending trendline at 10330; it is now testing the Fib 618 level and will probably take a breather here before marching further to the 12477 satoshis level and Fib […] The post ChainLink (LINK) Price Analysis and Prediction 2019 – All Bullish Confirmations You Can Hope For (Mid May Update) appeared first on CaptainAltcoin.

2019-5-12 01:40


LINK / USD Price Analysis: Breaking Chains

Chainlink is bullish in the short-term, with the LINK / USD pair testing towards the current 2019 trading high A bullish inverted head and shoulders pattern has formed across the four-hour time frame The daily time frame is showing that the cryptocurrency is testing towards major trendline resistance Chainlink / USD Short-term price analysis Chainlink […] The post LINK / USD Price Analysis: Breaking Chains appeared first on Crypto Briefing.

2019-5-7 16:54


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru