{"id":179260,"date":"2023-10-23T11:44:37","date_gmt":"2023-10-23T06:14:37","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=179260"},"modified":"2023-10-23T11:44:37","modified_gmt":"2023-10-23T06:14:37","slug":"link-price-pumps-40-in-three-days-why-bulls-are-not-done-yet-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/link-price-pumps-40-in-three-days-why-bulls-are-not-done-yet-crypto-news\/","title":{"rendered":"LINK Price Pumps 40% In Three Days, Why Bulls Are Not Done Yet &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em>Chainlink\u2019s LINK price is up over 40% and trading above $10. The bulls seem to be in control and might aim a rally toward the $12 resistance.<\/em><\/p>\n<ul>\n<li>Chainlink price is gaining pace above the $10.00 resistance against the US dollar.<\/li>\n<li>The price is trading above the $10.00 level and the 100-day simple moving average.<\/li>\n<li>There is a key bullish trend line forming with support near $8.60 on the daily chart of the LINK\/USD pair (data source from Kraken).<\/li>\n<li>The price could continue to move up toward the $11.25 and $12.00 resistance levels.<\/li>\n<\/ul>\n<h2>Chainlink Price Starts Fresh Rally<\/h2>\n<p>In the past few days, LINK price started a strong rally against the US Dollar. The price formed a base above the $7.00 level before the bulls stepped in. There was a major pump above the $7.50 and $8.00 resistance levels.<\/p>\n<p>In the last three days, the price gained over 40% and cleared many hurdles near $9.00. The recent pump in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-hold-strong-at-30k\/\">Bitcoin<\/a> also helped LINK surpass the $10.00 resistance. A new multi-week high is formed near $10.99. The price is now consolidating gains well above the 23.6% Fib retracement level of the upward move from the $7.11 swing low to the $10.99 high.<\/p>\n<p>LINK is now trading above the $10.00 level and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $8.60 on the daily chart of the LINK\/USD pair. The trend line is near the 61.8% Fib retracement level of the upward move from the $7.11 swing low to the $10.99 high.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/LINK-Price-Chainlink.png?resize=1024%2C468\"><\/a><\/p>\n<p>Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/LINKUSD\/\">LINKUSD on TradingView.com<\/a><\/p>\n<p>If there is a fresh increase, the price might face resistance near $11.20. The first major resistance is near the $12.00 zone. A clear break above $12.00 may possibly start a steady increase toward the $12.20 and $12.50 levels. The next major resistance is near the $13.20 level, above which the price could test $15.00.<\/p>\n<h2>Are Dips Limited in LINK?<\/h2>\n<p>If <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/link\/\">Chainlink<\/a> fails to climb above the $11.20 resistance level, there could be a downside correction. Initial support on the downside is near the $10.00 level.<\/p>\n<p>The next major support is near $9.00, below which the price might test the trend line support at $8.60. Any more losses could lead LINK toward the $8.00 level in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>4 hours MACD \u2013 The MACD for LINK\/USD is gaining momentum in the bullish zone.<\/p>\n<p>4 hours RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $10.00 and $9.00.<\/p>\n<p>Major Resistance Levels \u2013 $11.20 and $12.00.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink\u2019s LINK price is up over 40% and trading above $10. The bulls seem to be in control and might aim a rally toward the $12 resistance. Chainlink price is gaining pace above the $10.00 resistance against the US dollar. The price is trading above the $10.00 level and the 100-day simple moving average. There [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":179261,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-179260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=179260"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179260\/revisions"}],"predecessor-version":[{"id":179262,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179260\/revisions\/179262"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/179261"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=179260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=179260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=179260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}