A new LINK Liftoff will lead the coin towards the $15 price level in the near-term as the coin is showing positive signs above the $13.00 level similar to Bitcoin. The price will speed up towards $15.00 or higher so let’s see the price analysis in today’s Chainlink coin news.
LINK’s token price is trading above the $13.00 level against the US dollar and now the price is facing hurdles close to the $14.00 and the 100 simple moving average with a major rising channel forming a support near the $13.50 on the 4-hour charts of the pair. The pair will also continue higher above $15.00 as a new LINK liftoff is preparing. After the sharp decline, there was a steady recovery in all XRP, ETH, and BTC as well as Chainlink so its price climbed above $12.50 and moved into the positive zone as well.
There was a close above the $13.00 level with a price hike above the $14.00 level but failing to clear the $15.00 resistance. A new high was formed close to the $14.89 level before the price corrected to the $13.03 level and now it is trading slightly below it and could lead the coin below $13.00. LINK’s price surpassed the $13.50 level and broke the 23.6% fib retracement level of the recent drop from the $14,89 swing high to the $13.04 swing low. LINK is facing hurdles at $14.00 with a major rising channel forming with support at $13.50 on the 4-hour charts for the pair. On the upside, the price will have to clear the $14.00 level and prepare the coin for more gains.
The 50% fib retracement level from the decline at $14.89 swing high to $13.03 swing low is also set at $13.96. Breaking above the $14.00 level could increase the chances of more upsides above the $14.50 level and the $15.00 resistance level as well. With the initial support for Chainlink’s price nearing the $13.55 level, the first major support will form at $13.50. if there’s another downside break below the $13.50 support zone, there’s a risk of dropping towards the $13.00 support level with the next major support awaiting at the $11.50 level. The 4-hour MACD for the pair is having a hard time gaining momentum in the bullish zone while the 4-hour RSI is declining in the 50 level, despite the coin showing positive signs.
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