Chainlink price analysis LINK stuck in bearish headwinds as $6 support looks shaky

Chainlink’s price analysis today is bullish after the recent break above $6. The LINK/USD pair is now trading at $6.72 and faces resistance at $7.5. On the upside, the price has support at $5.4. A break below this level could bring LINK/USD down to $4.8.

The LINK/USD pair is now trading at $6.72 and faces resistance at $7.5. On the upside, the price has support at $5.4. A break below this level could bring LINK/USD down to $4.8 in the short term. In the medium term, Chainlink’s price analysis is bullish, with the price expected to continue rising towards $10. However, there is room for a pullback in the near term, especially if LINK fails to close above the $7.5 resistance level.

If we look at the daily chart, we can see that the Chainlink price has been in an uptrend for the past few days. The price has increased from $4.8 to the current level of $6.82. The recent break above $6 is a bullish development and could cause LINK to continue advancing towards the $7.5 resistance level. However, if the price fails to close above this level, according to Chainlink price analysis, a pullback to the $5.4 support level is possible.

Chainlink 1-Day Price Analysis: Bullish Signal or Bearish Headwinds?

Chainlink’s 1-day price analysis shows gains pushing prices higher as the LINK/USD pair trades at $6.82. The price has risen recently with a break above the $6 resistance level.

The LINK/USD price seems to be moving above the moving average price, which is a bullish indicator. There is also an increasing positive divergence between the price and the Relative Strength Index (RSI). These indicators show that according to Chainlink’s price analysis, LINK prices are likely to increase further in the near term. MACD is also up, which is another bullish indicator. However, the MACD line will cross the signal line, which could be a bearish development.

4 hours BONUS/USD chart: Recent price action looks bearish

The 4-hour chart shows that the LINK/USD pair has formed an ascending triangle pattern. This is a bullish pattern and indicates that the price is likely to continue rising in the near term. The price is currently trading at $6.82 and faces resistance at $7.5. A break above this level could send the price of Chainlink soaring towards the $8 resistance level.

The four-hour technical indicator is bullish as the moving averages are above the price while the coin’s Relative Strength Index (RSI) is above 50. The coin’s MACD is in the bullish zone and is expected to continue rising as bulls remain in control of the market.

Conclusion of link chain cost analysis

Chainlink price analysis shows that the LINK/USD pair is currently in an uptrend and is expected to continue rising in the near term. Price has support at $5.4; a break below this level could push the price down to $4.8. On the upside, the price has resistance at $7.5; A break above this level could send the price of Chainlink soaring towards the $8 resistance level.

All technical indicators are bullish, indicating that the price is likely to continue rising in the near term, according to Chainlink Price Analysis. However, there is a possibility of a pullback in the medium term as the MACD line is almost breaking through the signal line. Investors should be cautious at this point and wait for a clear break above $7.

x