{"id":629695,"date":"2023-04-15T19:49:34","date_gmt":"2023-04-16T00:49:34","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/04\/15\/chainlink-breaks-above-monthly-resistance-level-heres-the-next-target-for-link-price\/"},"modified":"2023-04-15T19:49:34","modified_gmt":"2023-04-16T00:49:34","slug":"chainlink-breaks-above-monthly-resistance-level-heres-the-next-target-for-link-price","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/04\/15\/chainlink-breaks-above-monthly-resistance-level-heres-the-next-target-for-link-price\/","title":{"rendered":"ChainLink Breaks Above Monthly Resistance Level! Here\u2019s The Next Target For LINK Price"},"content":{"rendered":"
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\"chainlink<\/figure>\n<\/div>\n
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ChainLink (LINK), the decentralized oracle network that bridges smart contracts with real-world data, has made headlines in the cryptocurrency space as it recently broke through its monthly resistance level, setting new price targets and sparking investor interest. The fresh surge came after Ethereum\u2019s Shanghai upgrade<\/a> went live on 12 April, pushing the altcoin and DeFi market to the North. As ChainLink\u2019s market performance defies expectations, investors are waiting for LINK price\u2019s upcoming trends.\u00a0<\/p>\n

Will LINK Face Rejection Near This Level?<\/h2>\n

Technical analysis of LINK\u2019s price reveals that the token broke through its monthly resistance level of $7.6, a significant milestone that typically signals a bullish trend. LINK price is currently strengthening its upward potential with increased demand and buying pressure.\u00a0<\/p>\n

As the overall crypto market is currently on a bullish rally, LINK\u2019s bulls may push the price further. If demand continues to stay positive, the bulls may endeavor to drive up the LINK price. However, LINK may face two critical resistance levels, and its performance hinges on the altcoin market\u2019s trajectory, which in turn relies on Ethereum\u2019s ability to maintain a trend above $2K.<\/p>\n

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At the time of writing, the LINK price is trading at $7.75, reflecting a more than 4% increase in the past 24 hours. If the LINK price surpasses the $7.8 mark, it may sustain its bullish momentum and potentially encounter resistance near $8. However, following a modest retracement to the 23.6% Fibonacci level, the LINK price may gather sufficient strength to surge higher.<\/p>\n<\/div>\n

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Shayan Chowdhury<\/a><\/h3>\n

Shayan is a digital nomad and a professional journalist. He delivers high-quality engaging articles to Coinpedia through his in-depth research and analysis.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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\n Shayan Chowdhury<\/p>\n","protected":false},"excerpt":{"rendered":"

ChainLink (LINK), the decentralized oracle network that bridges smart contracts with real-world data, has made headlines in the cryptocurrency space as it recently broke through its monthly resistance level, setting new price targets and sparking investor interest. The fresh surge came after Ethereum\u2019s Shanghai upgrade went live on 12 April, pushing the altcoin and DeFi<\/p>\n","protected":false},"author":1,"featured_media":629696,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2000,59802],"tags":[],"class_list":{"0":"post-629695","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-breaks","8":"category-chainlink"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/629695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=629695"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/629695\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/629696"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=629695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=629695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=629695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}