Saturday, May 24, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Major Rally on the Horizon?

May 24, 2024
in Analysis
Reading Time: 2 mins read
0 0
A A
0
Home Analysis
Share on FacebookShare on TwitterShare on E Mail


Chainlink’s LINK worth is gaining bullish momentum above $16.50. The value might proceed to maneuver up if it clears the $17.50 resistance zone.

Chainlink worth is displaying bullish indicators and eyeing extra positive aspects above $17.00 towards the US greenback.
The value is buying and selling above the $16.50 stage and the 100-hourly easy transferring common.
There was a break above a key bearish development line with resistance close to $16.50 on the hourly chart of the LINK/USD pair (information supply from Kraken).
The value might begin one other improve if it clears the $17.50 resistance zone.

Chainlink Worth Eyes Extra Upsides

Prior to now few days, Chainlink remained in a constructive zone above the $15.00 stage, like Bitcoin and Ethereum. There was a transfer above the $16.50 and $17.00 ranges. A excessive was fashioned at $17.45 earlier than there was a draw back correction.

The value dipped under $16.50 and examined $15.35. A low was fashioned at $15.34 and the worth not too long ago tried a contemporary improve. There was a transfer above the $16.50 stage. It even jumped above the 50% Fib retracement stage of the downward transfer from the $17.45 swing excessive to the $15.34 low.

In addition to, there was a break above a key bearish development line with resistance close to $16.50 on the hourly chart of the LINK/USD pair. Chainlink is now buying and selling above the $16.50 stage and the 100 easy transferring common (4 hours).

Supply: LINKUSD on TradingView.com

Fast resistance is close to the $16.90 stage or the 76.4% Fib retracement stage of the downward transfer from the $17.45 swing excessive to the $15.34 low. The subsequent main resistance is close to the $17.50 zone. A transparent break above $17.50 could probably begin a gentle improve towards the $18.20 stage. The subsequent main resistance is close to the $18.80 stage, above which the worth might check $20.00.

One other Decline In LINK?

If Chainlink’s worth fails to climb above the $17.50 resistance stage, there might be a contemporary decline. Preliminary help on the draw back is close to the $16.65 stage.

The subsequent main help is close to the $16.20 stage, under which the worth would possibly check the $15.50 stage. Any extra losses may lead LINK towards the $15.00 stage within the close to time period.

Technical Indicators

Hourly MACD – The MACD for LINK/USD is gaining momentum within the bullish zone.

Hourly RSI (Relative Energy Index) – The RSI for LINK/USD is now above the 50 stage.

Main Help Ranges – $16.65 and $16.20.

Main Resistance Ranges – $17.00 and $17.50.



Source link

Tags: HorizonMajorrally
Previous Post

XRP Price Consolidates, Gearing Up for Its Next Major Breakout

Next Post

Puell Multiple Says Bitcoin Is Trading At A ‘Discount’ Now

Related Posts

Dogecoin (DOGE) Heats Up: Upside Move Hints at Major Breakout Ahead
Analysis

Dogecoin (DOGE) Heats Up: Upside Move Hints at Major Breakout Ahead

May 23, 2025
Bulls Eye $2.50 With Bullish Tailwinds In Play
Analysis

Bulls Eye $2.50 With Bullish Tailwinds In Play

May 23, 2025
Cardano price surges past $0.80: where is ADA headed?
Analysis

Cardano price surges past $0.80: where is ADA headed?

May 22, 2025
Ethereum and XRP prices regain momentum as Bitcoin Pepe gains steam
Analysis

Ethereum and XRP prices regain momentum as Bitcoin Pepe gains steam

May 23, 2025
Solana (SOL) Aims Higher With Strong Buyer Support, Next Stop $200?
Analysis

Solana (SOL) Aims Higher With Strong Buyer Support, Next Stop $200?

May 22, 2025
Ethereum Price Could Surge to $3K Soon — Riding The Wave of Bitcoin’s Strength
Analysis

Ethereum Price Could Surge to $3K Soon — Riding The Wave of Bitcoin’s Strength

May 22, 2025
Next Post
Puell Multiple Says Bitcoin Is Trading At A ‘Discount’ Now

Puell Multiple Says Bitcoin Is Trading At A 'Discount' Now

IMF Calls Zimbabwe’s Gold-Backed Currency an ‘Important Policy Action’

IMF Calls Zimbabwe’s Gold-Backed Currency an ‘Important Policy Action’

How to Build Dapps on Linea – Moralis Web3

How to Build Dapps on Linea - Moralis Web3

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In