Chainlink’s LINK price continues to move higher, surpassing the $7.25 resistance level. Currently, the price is consolidating its gains and there are potential further upsides above $7.50. The LINK price is displaying positive signs and is trading above the $7.30 level as well as the 100 simple moving average (4 hours). On the 4-hour chart of the LINK/USD pair, there is a bullish trend line forming with support near $7.25. Unless the price closes below the $6.95 support level, it is likely that the price will resume its upward movement.
In the previous LINK price prediction, it was discussed that there were chances for more gains above $7.00 against the US Dollar. As anticipated, the price remained stable and continued to rise above the $7.25 level. In fact, it even broke the $7.50 level and reached as high as $7.56. Chainlink outperformed Bitcoin and Ethereum during this period. Although there was a minor downside correction below $7.40, the price tested the 23.6% Fib retracement level. Currently, LINK is trading above the $6.50 level and the 100 simple moving average (4 hours). Moreover, there is a key bullish trend line with support near $7.25 on the 4-hour chart of the LINK/USD pair.
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