Chainlink (LINKUSD) Price Forecast: November 10
LINKUSD bulls are going higher as the coin price holds above the resistance trend levels with a bullish reversal pattern. The coin will keep rising further and this can be achieved if the current supply at $13.489 value ignites a sharp increase and closes above the $14.000 resistance, this rally may register a $15.000 upper high value which will provide a long entry opportunity for traders.
Key Levels:
Resistance Levels: $10.000, $11.000, $12.000
Support Levels: $8.000, $7.000, $6.000
LINK (USD) Long-term Trend: Bullish (Daily Chart)
The Chainlink long-term buyers are going higher above the resistance trend levels on the higher time frame. The order flows from the bulls affirms that the coin is actively traded by buyers at the moment.
During yesterday’s session, the pair reached and held the $13.258 resistance level. This has made it possible for the coin to remain in an uptrend in its recent high.
Today’s daily bullish candle at the $13.489 supply value above the moving averages confirms the bulls’ dominance in the market. This breakup may possibly accelerate the bullish momentum and extend the ongoing correction to a higher level.
Additionally, the price of LINKUSD might increase further if the bulls could push harder, if this is achieved, the price might possibly go higher to the $14.000 resistance level soon in its higher time frame.
LINK (USD) Medium-term Trend: Bullish (4H Chart)
According to the chart below the LINKUSD buyers are also going higher above the resistance trend lines in its medium-term time frame. The price, wavering above the moving averages indicates the high impact of the bulls.
The increase in the momentum by the bulls at the $13.250 supply value during yesterday’s session has enabled the Chainlink price to stay strong above the resistance lines in recent times.
The market price of LINKUSD has just broken up the EMA-50 at the $13.489 supply level as the 4-hourly chart opens today. This will give the crypto a high tendency to rise further.
Furthermore, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the current price, the resulting rally may surpass the $14.000 upper high level soon as the bulls are going higher above the resistance lines in its medium-term perspective.
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