Chainlink (LINKUSD) Price Forecast: December 1
The Chainlink price is approaching the upper resistance level and has already increased significantly in the previous actions; obviously, the bears are losing control. The crypto might remain in that direction if the bulls could add more effort and the price closes above the $16.599 supply level, the coin might further extend to a $17.000 upper high level and beyond.
Key Levels:
Resistance Levels: $13.000, $14.000, $15.000
Support Levels: $10.000, $9.000, $8.000
LINK (USD) Long-term Trend: Bullish (Daily Chart)
The long-term market value of Chainlink is moving in a bullish direction approaching the upper resistance amidst the surge in the crypto market.
Price is trading above the supply trend lines again. This however confirms the presence of more bulls’ impact on the coin.
The sustained bullish pressure to the $14.709 high value during the last session has sustained the LINKUSD price above the supply trend levels in recent times.
Buyers made a strong push to the $15.000 resistance level above the moving averages as the daily chart opens today which indicates an intraday growth and more gains for buyers.
A possible bullish breakout from this barrier will accelerate the buying pressure and bolster buyers to further extend this price rally.
Adding to that, the Chainlink market suggests an uptrend continuation on the daily signal as the price is approaching the upper resistance level. It is therefore expected of buyers to push the coin price up to a significant level and in this case, the target might be the $17.000 upper resistance level soon in its higher time frame.
LINK (USD) Medium-term Trend: Bullish (4H Chart)
LINKUSD is bullish on the medium-term time frame. The price bar is seen above the moving averages approaching the upper resistance level, this is due to the high impact from the buy investors. 
The high order flow from the bulls during yesterday’s session also added to this bullishness in its recent high.
Today, after hitting the $14.534 supply, the Chainlink price further rose to a $15.000 high mark above the EMA-50 approaching the upper resistance level. Hence, the coin price can increase further if the bulls could add more tension to their buying motives.
Additionally, with the price approaching the upper resistance level, as indicated by the daily signal also, the price of LINKUSD is expected to rise above the $16.599 supply value which could further extend to the $17.000 upper resistance mark soon in its medium –term outlook.
Buy Chainlink on eToro
Leave a Reply