Additionally the latest news: LINK price jumps up to 40%; and BULLISH is still active.
Currently the price of chainlink has risen above $10.00
and the 100-day simple moving average against the US dollar. On the daily chart we can see on the LINK/USD pair there is an important BULLISH trend line. targeting resistance levels at $11.25 and $12.00.
CHAINLINK'S STRONG PRICE SURGE RECENTLY
Chainlink price has experienced a very significant increase against the US dollar in recent days, the price set a base above $7.00 before the rally occurred. This led to a large spike above the $7.50 and $8.00 resistance levels.
Over the past three days, the price has surged more than 40%, clearing some of the resistance around $9.00. and the recent rise in bitcoin prices also contributed to LINK's breakout of the $10.00 resistance. This spike resulted in a new high on Sunday, reaching around 10.99
Price consolidates gains, comfortably holding above 23.6% Fibonacci of upward move from $7.11 swing low to 10.99 high
Additionally, LINK is now trading above $10.00 and the 100-day simple moving average on the four-hour chart. Additionally an important BULLISH trend line is forming, with support at around $8.60, as seen on the daily chart for the LINK/USD pair .This trend line aligns with the 61.8% Fibonacci resistance of an upward move from the swing low of $7.11 to the high of $10.99.
In the event of another rise, the price may face resistance near $11.20, with major resistance around $12.00. A break above $12.00 could potentially trigger around $13.20, which if broken. might attempt a run to $15.00.
