- The Chainlink price has been on an upward surge since March 25.
- LINK has flashed multiple buy signals in the daily chart.
Since March 25, the Chainlink price jumped from $24.80 to $29.95. During this bullish surge, the buyers managed to flip the 20-day and 50-day SMAs from resistance to support. Let’s take a closer look with technical analysis.
Chainlink Price Retreats From $30 Level
In the daily Cardano price chart, LINK has flashed the following buy signals:
- The parabolic SAR has reversed from bearish to bullish.
- The MACD has flipped from negative to positive.
Both these indicators tell us that the overall sentiment is very positive.
Image: LINK/USD daily
On the upside, the only resistance barrier of note is at $30, wherein 9,000 addresses had purchased 5.65 million LINK tokens. Taking down this line will take Chainlink price to $35.
HaykerDAO Integrates Chainlink
HaykerDAO, the on-chain stablecoin protocol run by a decentralized autonomous organization (DAO), has integrated Chainlink Price Feeds on the Huobi ECO Chain (Heco) mainnet. The initial integration supports the following Chainlink Price Feeds: HT/USD, HBTC/USD, HUSD/USD, ETH/USD, and USDT/USD.
Chainlink Price Is Expected To Reach These Levels
Chainlink price will regain momentum and break past the $30 resistance barrier.