Chainlink Price Prediction: $33.75 Resistance Line Prevents Further Growth
Daily Chainlink LINK Technical Analysis
- Chainlink price is currently trending in an upwards channel formation.
- MACD shows sustained bullish momentum.
Over the last two and a half weeks, the Chainlink price jumped from $24.75 on March 25 to $33. During this surge, LINK reached highs of $35.Let’s take a closer look with technical analysis.
Chainlink Price Trends In Upward Channel
As things stand, the Chainlink price met robust resistance at $33.75, which caused LINK to drop to $33. However, the MACD shows that the current market sentiment is positive, which could trigger a further test of the #33.75 resistance line. The relative strength index (RSI) tells us that LINK still has space to grow.
Image: LINK/USD daily
The IOMAP tells us that there is a lack of robust resistance barriers which adds further credence to our overall bullish outlook of Chainlink price.
Chainlink Price Is Expected To Reach These Levels
With the buyers in full control, Chainlink price will recover, flip the $33.75 resistance line to support and reach $35.