Chainlink Continues To Rise, Will It Surge Over The $9 Boundary?

2023-4-18 20:00

Chainlink (LINK) is in the green today, building on its current price form, as it seeks to break higher resistance levels. Its price performance in 2023 has been impressive, from $5.6224 on January 1, 2023, to its current price of $8.68. Despite price volatility, LINK has reclaimed the $8 price level and is currently in an uptrend.

Chainlink Sustains Its Uptrend As It Consolidates Above $8

LINK spiked from $7.7524 on April 14 to $8.1033 on April 15. It has remained above $8 for the last three days recording new highs on the price chart.

Also, its trading volume has spiked by over 28% within 24 hours, which could be the reason behind its current price surge. LINK has recorded a 5.87% price increase within 24 hours, which could signal the continuation of its rally.

It is trading above its 7-day high of $8.4753, sparking a bullish revival as it seeks to continue its ascent. Recent developmental activities on its network, such as the increase in smart contract use cases, contribute positively to its price action. 

Also, the upcoming Hackathon Spring 2023, a community-based event, generates positive publicity for the asset. Such activities and other fruitful partnerships have transformed LINK into a hub of developmental activity. The increased on-chain activity is also one of the factors lending support to the current price trend. 

Will We See Further Increase Above $9?

Chainlink is trading in an uptrend forming a long green candle on the daily chart today. It has posted its sixth consecutive green day, confirming the prevalent bullish trend in the market.

LINK is above its 50-day and 200-day Simple Moving Averages (SMA), a bullish sentiment for the short and long term. It implies that the bulls are still in control and will keep pushing the price. It is trading in the upper region of the Donchian channel, which also confirms the bullish trend.

The Relative Strength Index (RSI) is at 71.78 in the overbought region. This zone reflects the increase in trading volume and shows that traders are taking long positions in the market. Notably, the RSI is still moving upwards, indicating rising buyers’ interest in the market.

LINK Support And Resistance Levels 

LINK’s support levels are $5.9 and $6.75, and resistance levels are $7.735 and $8.397. It is above its first two resistance levels, signaling a further price increase.

If the bulls persist, the asset will likely test the $9.48 resistance level in the coming days. However, it might decline briefly to consolidate its gains before it resumes its uptrend. LINK’s rally is impressive as it builds on its gains, following large-cap cryptocurrencies like Bitcoin.

Featured image from Pixabay and chart from Tradingview

Similar to Notcoin - Blum - Airdrops In 2024

origin »

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 467.1 (+0.48%)
Объем 24H $0
Изменеия 24h: 0.85 %, 7d: 17.53 %
Cегодня L: $453.49 - H: $467.1
Капитализация $0 Rank 3676
Доступно / Всего 0 LINKETHPA

price 2023 chainlink current levels resistance higher

price 2023 → Результатов: 126


Render Token Price Prediction 2023 – 2025 – 2030 | RNDR Price Forecast

In this guide, we will voice our own and market’s opinion on RNDR future while discussing the Render Token price forecast for 2023 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future […] The post Render Token Price Prediction 2023 – 2025 – 2030 | RNDR Price Forecast appeared first on CaptainAltcoin.

2023-4-1 23:34


LGCY Network Price Prediction 2023 – 2025 – 2030 | LGCY Price Forecast

In this guide, we will voice our own and market’s opinion on LGCY future while discussing the LGCY Network price forecast for 2023 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future […] The post LGCY Network Price Prediction 2023 – 2025 – 2030 | LGCY Price Forecast appeared first on CaptainAltcoin.

2023-4-1 22:17


MX Token Price Prediction 2023 – 2025 – 2030 | MX Price Forecast

In this guide, we will voice our own and market’s opinion on MX future while discussing the MX Token price forecast for 2023 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future […] The post MX Token Price Prediction 2023 – 2025 – 2030 | MX Price Forecast appeared first on CaptainAltcoin.

2023-4-1 21:54


Alpaca Finance Price Prediction 2023 – 2025 – 2030 | ALPACA Price Forecast

In this guide, we will voice our own and market’s opinion on ALPACA future while discussing the Alpaca Finance price forecast for 2023 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future […] The post Alpaca Finance Price Prediction 2023 – 2025 – 2030 | ALPACA Price Forecast appeared first on CaptainAltcoin.

2023-4-1 21:08


Anyswap Price Prediction 2023 -2025 – 2030 | ANY Price Forecast

In this guide, we will voice our own and market’s opinion on ANY future while discussing the Anyswap price forecast for 2023 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of […] The post Anyswap Price Prediction 2023 -2025 – 2030 | ANY Price Forecast appeared first on CaptainAltcoin.

2023-4-1 15:15


KOK Price Prediction 2023 -2025 -2030 | KOK Price Forecast

In this guide, we will voice our own and market’s opinion on KOK future while discussing the KOK price forecast for 2023 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of […] The post KOK Price Prediction 2023 -2025 -2030 | KOK Price Forecast appeared first on CaptainAltcoin.

2023-4-1 07:22


Keep Network Price Prediction 2023 – 2025 – 2030 | KEEP Price Forecast

In this guide, we will voice our own and market’s opinion on KEEP future while discussing the Keep Network price forecast for 2023 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future […] The post Keep Network Price Prediction 2023 – 2025 – 2030 | KEEP Price Forecast appeared first on CaptainAltcoin.

2023-4-1 05:21


Bytecoin Price Prediction 2023 – 2025 – 2030 | BCN Price Forecast

In this guide, we will voice our own and market’s opinion on BCN future while discussing Bytecoin price forecast for 2023 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a […] The post Bytecoin Price Prediction 2023 – 2025 – 2030 | BCN Price Forecast appeared first on CaptainAltcoin.

2023-3-30 22:40


Mina Protocol Price Prediction 2023 – 2025 – 2030 | MINA Price Forecast

In this guide, we will voice our own and market’s opinion on MINA future while discussing Mina price forecast for 2023 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a […] The post Mina Protocol Price Prediction 2023 – 2025 – 2030 | MINA Price Forecast appeared first on CaptainAltcoin.

2023-3-30 21:38


Monero Price Prediction 2023 – 2025 – 2030 | XMR Price Forecast

In this post, we will present our own and market’s opinion on Monero future while discussing XMR price forecast for 2023 and beyond. Since this year is almost up, Monero price prediction 2022 is way more interesting, so we made sure to include that section as well, just make sure to scroll all the way […] The post Monero Price Prediction 2023 – 2025 – 2030 | XMR Price Forecast appeared first on CaptainAltcoin.

2023-3-30 21:28


Ren Price Prediction 2023 – 2025 – 2030 | REN Price Forecast

In this guide, we will voice our own and market’s opinion on REN future while discussing Ren price forecast for 2023 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a […] The post Ren Price Prediction 2023 – 2025 – 2030 | REN Price Forecast appeared first on CaptainAltcoin.

2023-3-30 21:24


Bancor Price Prediction 2023 – 2025 – 2030 | BNT Price Forecast

In this guide, we will voice our own and market’s opinion on BNT future while discussing Bancor price forecast for 2023 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a […] The post Bancor Price Prediction 2023 – 2025 – 2030 | BNT Price Forecast appeared first on CaptainAltcoin.

2023-3-30 21:17


Bitcoin Gold Price Prediction 2023 – 2025 – 2030 | BTG Price Forecast

In this guide, we will voice our own and market’s opinion on BTG future while discussing Bitcoin Gold price forecast for 2023 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of […] The post Bitcoin Gold Price Prediction 2023 – 2025 – 2030 | BTG Price Forecast appeared first on CaptainAltcoin.

2023-3-30 20:41


XinFin Network Price Prediction 2023 – 2025 – 2030 | XDC Price Forecast

In this guide, we will voice our own and market’s opinion on XDC future while discussing XDC Network price forecast for 2023 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of […] The post XinFin Network Price Prediction 2023 – 2025 – 2030 | XDC Price Forecast appeared first on CaptainAltcoin.

2023-3-30 20:30


Gala Price Prediction 2023 – 2025 – 2030 | GALA Price Forecast

In this guide, we will voice our own and market’s opinion on GALA future while discussing the Gala price forecast for 2023 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of […] The post Gala Price Prediction 2023 – 2025 – 2030 | GALA Price Forecast appeared first on CaptainAltcoin.

2023-3-30 20:26


Elrond Price Prediction 2023-2025-2030 | EGLD Forecast

In this guide, we will voice our own and market’s opinion on Elrond future while discussing EGLD price forecast for 2023 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a […] The post Elrond Price Prediction 2023-2025-2030 | EGLD Forecast appeared first on CaptainAltcoin.

2023-3-30 19:17


Avalanche Price Prediction Positive, But Is Metacade’s Crypto Presale a Better Investment?

On the lookout for some crypto gains in 2023? Avalanche has been attracting plenty of attention in recent weeks, but more savvy investors are turning to Metacade’s crypto presale instead. In this article, you’ll learn where experts are placing their Avalanche price predictions for 2023 and why investors are flocking to Metacade for a chance […] The post Avalanche Price Prediction Positive, But Is Metacade’s Crypto Presale a Better Investment? appeared first on CoinJournal.

2023-3-30 17:18


Toncoin (TON), Algorand (ALGO), OKB and Collateral Network (COLT) set to surge in 2023

Toncoin and OKB go from strength to strength in terms of price action, Algorand face trouble after a $9 million dollar hack of the MyAlgo wallet, whilst Collateral Network, a new platform that allows people to use real world assets as collateral to borrow cryptocurrencies, release their token COLT in the first stage of its […]

2023-3-29 17:15