NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Chainlink Bulls Must Overcome Key Hurdle For Potential 7% Rally

anushsamal
anushsamal
2 years ago
2 mins read
Chainlink

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Chainlink Price has been attempting to reverse its recent losses over the past few weeks. Currently, Chainlink is trading under a crucial resistance mark which has caused the altcoin to face rejection.

Over the last 24 hours, Chainlink has managed to appreciate by only 0.4%, signifying that it has been consolidating. On the weekly chart, LINK has already increased by 1.8%. Continued price consolidation will cause the bears to take over the price completely.

Related Reading

Bitcoin

Bitcoin Miners Receive Inflows Of 7,000 BTC, What Does It Mean?

1 year ago

The technical outlook of the altcoin has also sided with the bears as buying strength showed signs of struggle. Both demand and accumulation have therefore remained low on the chart. As Bitcoin trades inside the $ 27,000 price zone, major altcoins have also been trying to move north on their respective charts.

If Bitcoin does not stabilize above the $ 27,500 price, sellers can exert another pull on Chainlink, causing the price to fall further. The market capitalization of Chainlink declined, which indicated that buying strength remained low at press time.

Chainlink Price Analysis: One-Day Chart

Chainlink
Chainlink was priced at $6.60 on the one-day chart | Source: LINKUSD on TradingView

When writing, Chainlink (LINK) was trading at $6.60. However, this price level has proven to resist the altcoin strongly. Despite this, the bulls have managed to prevent further price retracement. The overhead resistance for LINK is currently set at $6.80.

LINK has been trading between $6.20 and $6.80 in recent weeks. Breaking above the upper boundary of this trading range is crucial for LINK bulls.

Failing to breach the $6.80 resistance level would likely result in the dominance of the bears. If the price declines, the initial support level is $6.20.

Further downside movement could see LINK trading near the $6.00 price level. The trading volume of Chainlink in the last session was low, indicating a limited number of buyers in the market.

Technical Analysis For LINK

Chainlink
Chainlink depicted low buying strength on the one-day chart | Source: LINKUSD on TradingView

Chainlink (LINK) faced difficulties attracting buyers during May and most of April. The Relative Strength Index (RSI) has consistently remained below the 50-level, suggesting buyers have lost interest in LINK due to recent price rejections.

Additionally, LINK has fallen below the 20-Simple Moving Average (SMA) line, indicating that sellers have been driving the price momentum in the market.

To regain bullish momentum, it is crucial for LINK to move above the $6.60 level, which would enable the altcoin to trade above the 20-SMA line.

Chainlink
Chainlink displayed positive capital inflows on the one-day chart | Source: LINKUSD on TradingView

In contrast to other technical indicators, Chainlink (LINK) exhibited the emergence of a buy signal on the daily chart. The Moving Average Convergence Divergence (MACD) showed the formation of green histograms, suggesting the potential for bullish momentum to develop.

Related Reading

Dogecoin

Dogecoin Bounces Off $0.070 Mark, Awaits Breakthrough of Crucial Hurdle

2 years ago

Additionally, the Chaikin Money Flow (CMF), which measures capital inflows, displayed a positive reading as it crossed above the half-line. These indicators indicate a possible shift in market sentiment, with increased buying interest and inflows into LINK.

Featured Image From SoFi, Charts From TradingView.com
Tweet123Share196ShareSend
anushsamal
anushsamal

anushsamal

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Chainlink Reclaims Key Structure – Quiet Accumulation Could Fuel $25–$30 Surge

Chainlink Reclaims Key Structure – Quiet Accumulation Could Fuel $25–$30 Surge

Chainlink (LINK) is up 21% from its Sunday lows, gaining momentum in an otherwise uncertain macro and geopolitical environment. While...

Sebastian Villafuerte 1 week ago
Chainlink

Chainlink Bears Push Toward $12.50 As Weekend Volatility Looms

According to an analysis posted on X by CRYPTOWZRD, Chainlink has closed the session with a bearish tone and is...

Godspower Owie 1 week ago
Chainlink

Chainlink Cross-Border Play Expands To Hong Kong–Australia Money Movement

Chainlink is set to play a major role as Hong Kong’s central bank takes a big step in its digital...

Christian Encila 3 weeks ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Chainlink

Chainlink (LINK) On Standby: Bitcoin’s Next Move Holds The Key

Godspower Owie 5 days ago
mastercard x chainlink

Η Mastercard συνεργάζεται με την Chainlink για την παροχή άμεσων μετατροπών fiat-προς-crypto για τους κατόχους καρτών

Ανθή Ντόνκοβα 6 days ago
Chainlink

Chainlink Holders Set Record As 1-Yr MVRV Signals ‘Opportunity’

Keshav Verma 1 week ago

Premium Sponsors

Press Releases

  • 1 Najlepšia kryptomena na kúpu predtým

    1 Najlepšia kryptomena na kúpu predtým, než vzrastie o...

    7 hours ago
  • O criptomonedă de top de cumpărat înainte să crească...

    8 hours ago
  • Szukasz najlepszych kryptowalut do zakupu w 2025 roku

    Szukasz najlepszych kryptowalut do zakupu w 2025 roku? Oto...

    10 hours ago
  • Best Crypto Payment Gateway for Trading in 2025

    12 hours ago
  • 仮想通貨プレセールで1.45百万ドル調達-人為的ミスを排除し次の100倍を目指す新鋭トークン

    ...

    16 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.