Chainlink (LINKUSD) Price Forecast: December 16
As the Christmas season approaches, the LINKUSD suggests its buying time is now as the coin price experiences a remarkable resurgence. The coin has seen a significant price spike, reflecting a broader bullish market trend. Thus, if the coin prices sustain above the $30.67 high value, the potential may surge to reach the $40.00 upper high level.
Key Levels:
Resistance Levels: $29.00, $30.00, $31.00
Support Levels: $12.00, $11.00, $10.00
LINK (USD) Long-term Trend: Bullish (Daily Chart)
Chainlink price hovers above the supply levels, bolstering optimism and indicating its buying time is now as the token maintains its bullish race in the higher time horizon. The price is strongly trading in a bullish momentum, looking nice, and signifies a buy signal for the buy trader.
The cryptocurrency price has been above the supply trend levels since its most recent high due to the persistent bullish pressure over the last few days.
With sustained buying, the LINKUSD price challenged another resistance zone of $30.67 above the moving averages as the daily chart resumes today, indicating the time to buy the coin is now as buyers attempt to prolong the bullish rally.
Additional efforts by the bulls to swing above the current value would invalidate any further bearish thesis.
Next, the underlying sentiment suggests an uptrend continuation in the coming days, as indicated by the price signal pointing upwards. Buyers might push the price of LINKUSD further to a significant level; in this case, the target might be the $40.00 supply level in the coming days, implying its buying time is now in the higher time frame.
LINK (USD) Medium-term Trend: Bullish (4H Chart)
The experts demonstrate the Chainlink buying time is now, showcasing a repeated trend of bullish breakouts in the medium-term chart.
Prices are above the moving averages and have confirmed a bullish momentum, breaking the previous high. The pair is in a smooth uptrend as can be seen from the chart above. Pressure from the bulls at the $27.77 high value in the previous action has sustained its upward stability in its recent high.
LINKUSD buying time is now as it surges to a $30.50 resistance level above the moving average as the 4-hourly chart begins today due to a bullish impact on the market price.
Hence, Chainlink may continue growing and remain upward, as shown by the momentum indicator pointing upwards. As a result, more gains and strength from the coin buyers may drive the crypto price to hit the $40.00 upper resistance level in the days ahead in its medium-term time frame.
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