The Chainlink (LINK) price prediction may continue to show a bullish movement if the market could rise above the $8 resistance level.
Chainlink (LINK) Statistics Data:
- Chainlink price now – $7.72
- Chainlink market cap – $3.7 billion
- Chainlink circulating supply – 491.5 million
- Chainlink total supply – 1 billion
- Chainlink Coinmarketcap ranking – #23
Resistance levels: $9, $10, $11
Support levels: $6, $4, $2
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LINK/USD is showing positive movement as the market remains above the 9-day and 21-day moving averages. Apart from this, the price of Chainlink still has to move upward and traders can expect the price to continue to rise as soon as this is done.
Chainlink Price Will Shoot to the North as Tamadoge Goes Live on OKX
The daily chart shows that the Chainlink price is attempting to create a new positive trend, and traders may expect a bullish continuation above the 9-day and 21-day moving averages which could test the nearest resistance level of $8. Similarly, the technical indicator reveals Relative Strength Index (14) is moving towards the 60-level which could locate the potential resistance levels at $9, $10, and $11 in the long term.
Furthermore, if the Chainlink price maintains the rising channel pattern, traders may witness additional bullish trends in the coming trading sessions. Meanwhile, a bearish breakdown may likely play out for this market if the Chainlink price withdraws back below the moving averages, and this could roll the coin back to the long-term supports at $6, $4, and $2.
Against Bitcoin, the Chainlink price follows the bullish movement as the coin moves to the upside. More so, if the pair touches the resistance level of 4300 SAT, the market is likely to keep releasing more bullish pressure as the technical indicator Relative Strength Index (14) moves above the 60-level, which indicates that more bullish signals are going to play out.
In other words, if LINK/BTC falls and stays below the 9-day and 21-day moving averages, it may bring the coin to the nearest support at 3700 SAT, and any further bearish movement could lower the price to the support level of 3500 SAT and below. Nevertheless, if the coin continues to follow a bullish movement and crosses above the upper boundary of the channel, traders could see a bull run to the resistance level of 4500 SAT and above.
OKX (formerly OKEx) is a centralized exchange (CEX) that also has its own DEX, where Tamadoge will also be tradeable – for those unable to register on OKX depending on their country of residence. The DEX listing will take place at 17:00 UTC, also on the 27th.
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