Chainlink (LINK) is showing positive signs above the $13.00 support, similar to bitcoin. The price is likely to accelerate towards $15.00 or higher in the near term.
- Chainlink token price is trading nicely above the $13.00 level against the US dollar.
- The price is now facing hurdles near $14.00 and the 100 simple moving average (4-hours).
- There is a major rising channel forming with support near $13.50 on the 4-hours chart of the LINK/USD pair (data source from Kraken).
- The price is likely to continue higher above the $14.50 and $15.00 resistance levels.
Chainlink (LINK) Is Showing Positive Signs
After a sharp decline, there was a steady recovery in bitcoin, Ethereum, ripple, bitcoin cash, chainlink (LINK), and other major altcoins. LINK price climbed above the $12.00 and $12.50 resistance levels to move into a positive zone.
There was a close above the $13.00 level. The price spiked above the $14.00 level, but it failed to clear the $15.00 resistance. A high was formed near $14.89 before the price corrected to $13.03. The price is now trading nicely above the $13.00 level.