- The Chainlink price is up by over 3% during the ongoing session, as buyers look to push LINK beyond $15.
- LINK had made a fairly bearish start to the week and had dropped by almost 8% on Monday.
The Chainlink price is up significantly during the ongoing session, as it looks to push back above $15. LINK had ended the weekend on a bearish note, falling by almost 6% on Sunday. The bearish sentiment continued on Monday, with the price dropping by almost 8%, falling to $13.50 before recovering on Tuesday, rising by nearly 4% and settling at $13.99. The current session sees LINK continue to push higher, as it moved above $14.
Chainlink Price Chart Indicates LINK Could Push Past $15
The Chainlink price started the previous week on a fairly positive note, rising by almost 2% on Monday and then surging by over 9% on Tuesday, pushing above the 20-day SMA and settling at $17.36. However, LINK fell back after reaching this level, dropping by 1.32% on Wednesday and then slipping below the 20-day SMA on Thursday, falling to $15.59. Friday saw the bearish sentiment persist, as LINK dropped by 2.59% and settled at $15.19.
Image: LINK/USD daily
The Chainlink price recovered over the weekend, rising by 2.19% on Saturday and rising to $15.52. However, LINK fell back in the red on Sunday, dropping to $14.60 and ending the weekend on a fairly bearish note. Monday saw LINK continue to drop, as the price fell to $13.50 after a fall of almost 8%. Despite the bearish sentiment, LINK recovered on Tuesday, rising by almost 4% and settling at $13.99 before pushing above $14 during the ongoing session.
We can see that the MACD is currently bearish, but if LINK continues to push higher, we could see it flip to bullish.
IntoTheBlock’s IOMAP for the Chainlink price shows us that LINK faces strong resistance at around $16.37. At this price level, over 9000 addresses have sold more than 12.9 million LINK.
More On Chainlink: Is Chainlink a Good Investment?
The 4-hour Chainlink price chart shows us that LINK had risen to $15.87 on the 18th after a marginal increase. The price fell back from this level and dropped to $15.21. LINK was able to stay at this level for the next few sessions before dropping on the 20th, thanks to the 20-bar SMA coming into play as resistance. LINK dropped to $14.73 before pushing up to $15.20. However, LINK was again unable to push past the 20-bar SMA and dropped to $13.20 on the 22nd. LINK registered a significant increase from this level, pushing above the 20-day SMA and rising to its current level of $14.
We can see that the MACD and Parabolic SAR are bullish, indicating that we could see the price recover.
Image: LINK/USD 4-hour
Chainlink Price Is Expected To Reach These Levels
Looking at the Chainlink price chart, we can see that LINK has made a considerable recovery over the past couple of sessions. If the current sentiment persists, we could see LINK push to $15 and above.