Charted: Chainlink (LINK) Surges 25%, Why It Could Face Resistance Near $16

Chainlink (LINK) is up 25% and it broke many hurdles near $14.00, similar to bitcoin and ethereum. The price is now approaching a major resistance near the $16.00 level. Chainlink token price is gaining bullish momentum above $14.00 against the US dollar. The price is now trading above the $15.00 level and the 100 simple […]

Charted: Chainlink (LINK) Surges 25%, Why It Could Face Resistance Near $16

Chainlink (LINK) is up 25% and it broke numerous obstacles close $14.00, like bitcoin and ethereum. The cost is currently moving toward a significant obstruction close the $16.00 level. Chainlink token cost is picking up bullish energy above $14.00 against the US dollar. The cost is presently exchanging over the $15.00 level and the 100 basic moving normal (4-hours). There was a break over a significant bearish pattern line with obstruction at $12.30 on the 4-hours graph of the LINK/USD pair (information source from Kraken). The cost is probably going to test the $16.00 level, where the bears are probably going to take a solid stand. Chainlink (LINK) Rally is Reaching Crucial Juncture In the previous few meetings, there was a solid expansion in bitcoin, Ethereum, bitcoin money, chainlink (LINK), and other major altcoins. Connection cost shaped a solid help base above $11.00 and $12.00 to begin the current increment. There was an unmistakable break over a significant bearish pattern line with opposition at $12.30 on the 4-hours outline of the LINK/USD pair. The pair broke the $13.50 protection from move into a positive zone. There was additionally a break over the 76.4% Fib retracement level of the critical decay from the $14.56 swing high to $8.71 swing low. The pair is presently picking up speed over the $14.00 level and the 100 straightforward moving normal (4-hours). It is additionally exchanging over the $14.56 swing high.