ChainLink (LINK) Must Break Its Resistance for Further Upside! June 24th LINK Analysis

  • ChainLink (LINK) price is moving close to the $6.21 resistance level and is currently experiencing a slight increase.
  • If the LINK price surpasses the specified resistance levels, it can continue its upward movement; otherwise, it may show a downward trend.
  • The support levels mentioned in the analysis are important areas that protect the LINK price against the downward trend.

In the ChainLink (LINK) technical analysis, it is observed that the price is close to the $6.21 resistance level and the specified resistance and support levels are important for the price movement.

Medium-Term LINK Price Analysis


Daily LTC/USD Price Chart

When examining the ChainLink (LINK) technical chart, it can be seen that the price is moving close to the $6.21 resistance level. Currently, the LINK price is experiencing a +0.71% increase and is at $6.111 levels.

If the LINK price achieves daily candle closes above the specified resistance line of $6.212, it is likely to continue its upward movement. However, if it fails to close above the $6.21 level, it may extend the downward movement to $5.46 levels.

In technical analysis, the nearest important support level for LINK is located at $5.62. If the LINK price cannot surpass the $6.21 resistance, it may continue the downward trend towards $5.62 levels.

If the LINK price fails to reverse from the $5.62 level, it may continue the downward movement until the support level mentioned in the analysis. However, if it successfully surpasses the $6.21 resistance, it can expand the upward movement towards $6.74 levels.

Short-Term LINK Price Analysis

1 Hour LINK/USD Price Chart

1 Hour LINK/USD Price Chart

When examining the ChainLink (LINK) price chart, it can be seen that the price is moving close to the 2-hour resistance zone. If the LINK price achieves hourly candle closes above the specified $6.30 resistance level, it can continue its upward movement towards $6.50 levels.

However, if the LINK price fails to surpass and close strongly above the $6.30 resistance, it may extend the downward movement to the $5.90 levels mentioned in the analysis. Additionally, if it makes hourly candle closes below the $5.82 level, it can expand the downward trend towards $5.54 levels.

The support levels mentioned in the analysis should be considered if the LINK price fails to break the resistance zone. These support levels are important areas that protect the price against the downward trend.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Michigan State Retirement Fund Invests $10 Million in Grayscale Ethereum Trust, Securing Major Stake

The Michigan State Retirement Fund has strategically positioned itself...

Grayscale Proposes Listing for Grayscale Digital Large Cap Fund (GDLC) as ETP with Bitcoin Dominating Holdings

On November 4, COINOTAG News reported that Grayscale has...

Fragmetric Completes Builder Round Financing to Enhance Solana Ecosystem Security and Liquidity

On November 4th, COINOTAG News reported that Fragmetric, a...

Vitalik Buterin Warns Against Exclusion of Russian Developers in Open Source Community

On November 4th, Vitalik Buterin, co-founder of Ethereum, took...

Bitcoin Volatility Soars Amid U.S. Election Impact on Crypto Markets

Bitcoin Volatility Surges as U.S. Election Heightens Stakes for...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img