Get started
ChainLink USD PerpetualChainLink USD PerpetualChainLink USD Perpetual

ChainLink USD Perpetual

No trades
See on Supercharts
Overview News
Ideas
Minds Technicals Markets

LINKUSD.P trade ideas

The MACd shows a bullish crossThe Chainlink (LINK) price has displayed a bull's presence this week as it followed an upward trendline and surged 9.18% on the basis of its price performance. Additionally, on an intraday basis, the LINK has advanced 1.03%, where the price traded at $14.397 (at press time). As per CoinMarketCap, its volume-to-market cap ratio stands at 2.67%. That exhibits comparatively low liquidity, followed by the last 24 hours of trading activity in the LINK crypto asset. Looking further into the crypto world, the LINK has a market cap dominance of 0.36%. The fear and greed index stays at 56, which illustrates that the sentiment of the BTC crypto appears to be neutral. LINK crypto has been facing resistance from the higher levels through dynamic trendlines for a long time. The crypto has been consolidating inside a small range zone for a short span. If LINK breaks further above $15.10, it might lead to trendline resistance next. If the bulls manage to push towards a higher level and push beyond the dynamic trendline resistance, huge gains could be witnessed on a daily. The MACd shows a bullish cross, but 50-day and 200-day EMA's have formed a death cross on daily. Meanwhile, the RSI jumped beyond 14-SMA from lower levels, and it flashed at 47.6 at press time.
COINBASE:LINKUSDLong
by Sam_TCR
if the demand for the remains high,The LINK price showed that it rose from September 2023 from the level of $5.8, and after taking a halt somewhere at $13 for nearly three months, the rally made a top of $22.85 by March 11th, 2024. The price ended up violating the uptrend thereon by making new lower lows and highs on the daily chart, where it dropped to the earlier support where it took a halt last time. After various attempts to rise, BIST:LINK happened to be at the same spot, and that is beneath the 50-day and 200-day EMA, and majorly underneath the declining trendline in the long term. However, after the multiple surges from the crucial support, the LINK looks ready once again to show a recovery by rallying from a $13 key support on the daily chart. The market leader with dominance of 53.4% is looking like it is primed to rise; the leader also influences the realm of crypto as well. Therefore, LINK crypto looks like it is set for a colossal surge, as it seems it is geared up to crack the resistance level up ahead and rocket to capture the lost territories once again from the current support zone. Furthermore, the LINK asset is exhibiting bullish strength and rising capacity as it has taken support from $13 and approaches major 50-day and 200-day EMA's in order to surpass them and reach near the resisting trendline. Likewise, the LINK asset is displaying bullish behavior as the histogram seems to be converging, which could be a trait of bullishness coming in the crypto. The RSI looks to be taking a u-turn from an oversold of 30, which recently flashed at 40.62, which, was above 14-SMA, and looks like it is headed for the overbought territory, meaning that the asset could extend its gains, based on the investor's and traders' '. At press time, the Chainlink (LINK) crypto is experiencing a surge of 2.74% in the last 24 hours, which is trading at $13.987. The market capitalization is $8.53 Billion, and the 24-hour trading volume amounted to $377.73 Million; both showing growth of 5.22% and 1.22%, respectively. As of now, the volume-to-market cap ratio stands at 4.13%, which signifies weak liquidity. It shows that the market is in need of liquidity, and it currently shows a less stable market. Therefore, if LINK gets a hold of good liquidity from the buyers' side, and bullishness prevails, then the nearest targets would be up to the trendline resistance, and that would be $17.0 and $19.0, respectively. However, in case the LINK fails to hold on above the multiple times tested support of $13.0, the price could deteriorate endlessly; the nearest breathing point for the LINK would be the support levels of $10.0 and $8.50, respectively. Therefore, if the demand for the remains high, the asset price could bounce back from the current level. The next goal for the price is to reach $0.1200. However, if the crypto price fails to stay above the $0.0500 level, it could decline further.
COINBASE:LINKUSDLong
by Sam_TCR
A clear break above $22.0 may possibly open gate for new highsBesides, there was a breach above a key bearish trend line on the daily chart of the LINK. Chainlink has traded around $16.80 level (at press time), with an intraday surge of 1.14% and traded above the 50-day, and 200-day EMA's. primary resistance happens to be near the $18.20 level, and the next major resistance at $20.0 and $22.0 supply zone. A clear break above $22.0 may possibly open gate for new highs toward the $30.0 level. On the contrary, if Chainlink’s price fails to climb above the $18.20 resistance level, there could be a fresh deterioration. Where, the Initial support on the downside could be near the $15.50 level, below which the price might test the $ 14.0 level. in this situtaion, Any more losses could lead LINK toward the $12.50 level, also.
BITFINEX:LINKUSDLong
by Sam_TCR
1
Chainlink (LINK) Invalidates The Formation of a Death Crossover.Chainlink (LINK) Invalidates The Formation of a Death Crossover. This week, Chainlink experienced a notable upswing, appreciating by over 20.2%, which positioned it as the fifth-highest gainer of the week, outpacing numerous other cryptocurrencies. With a market capitalization of $9.61 billion, it holds the 15th rank in the overall crypto market standings. The technical analysis of the daily chart reveals that the LINK cryptocurrency has broken out from an ascending triangle pattern, effectively negating the potential for a death cross as indicated by the 50-day and 200-day Exponential Moving Averages (EMAs). Having crossed above the EMAs, Chainlink demonstrates a transition to a bullish trend, setting its sights on reaching and potentially surpassing its yearly high points.
CRYPTO:LINKUSDLong
by Ritika_TCR
Chainlink at the Forefront as US Inflation Data Sparks Market CoChainlink at the Forefront as US Inflation Data Sparks Market Confidence The Consumer Price Index (CPI) data stood at 3.4% indicating a slight decrease in the Inflation rate. The drop in the inflation rate has cast a favorable light on the broader market, resulting in noticeable price enhancements across Bitcoin and various altcoins including Chainlink. The broader market sentiment is buoyant following the April U.S. inflation report. Both Bitcoin and altcoins have shown substantial growth, suggesting a potential change in the prevailing trend. Additionally, Chainlink appears to be on the rebound, having increased by over 5% from its yesterday’s closing price. The price has reversed direction from a multi-month low and seems to be rallying to maintain those levels. Let's look into the details of the U.S. inflation data and examine its influence on the wider market, as well as the prospects for Chainlink's recovery from its recent low point. Market Morale Boosted by Easing Inflation Rates! Following the April U.S. inflation report, Bitcoin and other cryptocurrencies saw a significant uptick in value. Concurrently, Chainlink's price surged by about 5% within the day, averting the danger of descending below its multi-month low points. BREAKING: Year-over-year inflation clocked in at 3.4% in April — the 37th straight month over the Fed's target.Overall prices are UP by 20% and real average weekly earnings are DOWN by 4.4% since Biden took office. pic.twitter.com/rCdUnIckEr— RNC Research (@RNCResearch) May 15, 2024 The Consumer Price Index (CPI), a gauge for tracking the variation in prices for a typical set of consumer goods and services, showed a year-on-year rise of 3.4% in prices. This is a modest reduction from the 3.7% inflation rate reported in March by the U.S. Bureau of Labor Statistics (BLS). Chainlink Price Prediction: What's Next For The Crypto? The recent uptick in intraday prices signals strong bullish activity, aiming to prevent a fall below the longstanding low. At press time, the LINK crypto was trading at $13.62, marking a surge of over 5%. The latest market movements have shaped a descending triangle pattern, with LINK's price adhering to a trendline resistance, supported by the multi-month low of $12.5. Moreover, The immediate trend remains uncertain as long as the cryptocurrency stays within this pattern. A decisive move beyond the pattern could set the future trajectory. Specifically, a breakout above the trendline resistance could suggest a shift to an upward trend, potentially leading to higher price movements. At the moment, the Relative Strength Index (RSI) stands at 44.37 points, and the Simple Moving Average (SMA) line is at 41.93 points. The occurrence of a bullish crossover between these lines hints at the likelihood of the bullish trend persisting. Conclusion. The broader market has tuned bullish amid the April Inflation data, with Bitcoin and altcoins showing growth, hinting at a trend shift. Also, Chainlink price has risen over 5% from a multi-month low and was currently exchanging hands at $13.62. The CPI data indicated a slight decrease in inflation to 3.4%. The LINK crypto daily chart reveals a descending triangle pattern, with a breakout above trendline resistance potentially signaling an upward trend. The RSI and SMA indicate a bullish crossover, suggesting the bullish trend may continue. The market awaits a decisive trend confirmation.
CRYPTO:LINKUSDLong
by Ritika_TCR
1
Chainlink Price Prediction: Can LINK Overcome Challenges & ShineChainlink Price prediction shows that the crypto may attain $25 as the highest price in April if it surpasses $22. The technical indicators imply a sideways to positive outlook in the short term. The Chainlink price prediction shows that the crypto is hovering back and forth delivering a sideways to bullish outlook in the near term. The crypto is a mixed bag on Saturday, seeing moderate gains by the afternoon session. The bulls are trying to hold the grounds near the 50 day EMA as an indecisive candlestick was observed on the charts. At the time of writing, the LINK price was up nearly 0.37% and trading close to $19.04. The daily chart shows the formation of a range and the price hovering in between the upper and lower boundary of the range formed. On the higher side, the $22 level has been acting as a supply and acting as a hurdle for the bulls. Whereas, the $16.64 level has been acting as a demand and preventing the price from falling further. Now, until the price is maintained in the range it may continue to maintain a sideways trend. Any breakout or breakdown may further validate a trend continuation on that very side. Chainlink Crypto Volume Analysis The volume analysis demonstrates that the chainlink crypto received 320 Million USD in volume in the past 24 hours which is 15.81% less than the previous day’s volume. Alos, it has a current market cap of 11.15 Billion USD and ranks 15th in the overall crypto market. The volume to market cap ratio of chainlink is 2.88% indicating low volatility in the crypto. It has a current circulating supply of 587.09 Million LINK tokens against a total supply of 1 Billion tokens. Chainlink Social Volume Insights Moreover, the social volume and social dominance of chinlink crypto displays the increasing or decreasing number of social users over a period of time. The social users include the users from various social media platforms like Twitter, Telegram, Instagram and other popular social media platforms. A rise in the social users indicates the rising popularity and awareness of the users towards the crypto which may help the community grow more. The social volume analysis of chainlink crypto shows a positive growth in the last one month. The number of social users was low in February which saw a jump of nearly 20% in March 2024. Technical Indicators Imply a Mixed Outlook The technical indicators imply a sideways to slightly positive outlook in the short term. However, the long term trend outlook is positive. The chainlink cryptocurrency price has experienced frequent crossover with the short term EMAs of 20 and 50 day indicating a sideways trend. At the time of writing, the Relative strength index (RSI) line was placed close to the mean line at 49.12 points and that of the 14 day SMA line was hovering at 46.79 points. Both the RSI and SMA line were placed close to the mean line suggesting a slightly positive outlook. Also, a bullish crossover of both the lines was observed which further adds confirmation to it. Chainlink Price Prediction April 2024. The Chainlink price prediction for April 2024 shows that the crypto may advance to a high of $25 if bulls are able to surpass the hurdle of $22 on the higher side. Whereas, the less optimistic analysts estimate a price target of $15 on the lower side after the breakdown below $16.64. Conclusion. The chainlink crypto hovers in a range and displays a sideways outlook in the short term. The $22 level and $16.64 level have been acting as a supply and demand zone respectively and the price hover in the zone. The technical indicators imply a mixed outlook in the short term. Now, any breakout or breakdown may indicate a trend continuation on either side. The long term trend outlook is positive which may attract more buying volumes at the lower levels. Technical levels: Support levels: $16.64 and $13.49 Resistance levels: $21.92 and $25.00 Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. Keyword: Chainlink Price.
CRYPTO:LINKUSD
by Ritika_TCR
ChainLink ($LINK) Analysis: Ready for a Breakout?Trading Range: BINANCE:LINKUSDT has been oscillating between $5 and $9.5 for the past 1.5 years. Today's Surge: LINK is up 17% today, hinting at a possible bullish momentum. Bitcoin ETF Impact: With potential Bitcoin ETF approval, a break above the $10 resistance for LINK could be on the horizon. Volume & Potential Play: A breakout should ideally be backed by high volume. After $10, the next resistance level would be at $12 with a potential stop loss at $8 would give a solid 1:1 risk-to-reward ratio. I'm also going to be adding some to my long-term portfolio in preparation for the next bull run. 🤑 Disclaimer: This is for informational purposes only, not financial advice. Always do your research before investing. Happy trading! 🚀
BINANCE:LINKUSDLong
by TrendTechnician
Chainlink( LINK) looks good for more upside after retracement. After the bulls lost the $25.75 level, selling pressure increased. As a result, the LINK fell to a 14-month low on January 24. However, the bulls finally appeared at the $11.3 level, and the alt has gained more than 50% since then. Bullish Scenario: LINK broke the bearish downtrend line on the lower time frame like 4hour(4H) and is trading above the support zone of $15.3. If it stays above this zone and the resistance level at $5 is broken then we could start seeing a move towards $17.40, $19.50, $22.70 and above. Bearish Scenario: LINK has been in a downtrend channel since the last few weeks and we are not completely out of the woods to have strong bullish bias.On higher time frames such as daily, weekly, and monthly, LINK is still in a downtrend. So failure to hold the support at $15.3 and breaking below $14 could lead to a drop towards $12.89, $8.96 and below.
BINANCE:LINKUSDLong
by AltcoinBuzzTrading