Chainlink Price Prediction: Long-term (LINK) Value Forecast – July 13
- The coin is now trading below the $4.00 overhead resistance level.
- On the upside, if the 12-day EMA holds, the crypto’s price will rise and retest the $4.000 resistance level.
LINK/USD Long-term Trend: Bullish
- Resistance levels: $2.0000, $2.2000, $2.2000
- Support levels: $1.6000, $1.4000, $1.2000
The LINK/USD pair was in the bullish trend zone. On June 29, the bulls tested the $4.000 price level and were resisted. The coin is now trading below the $4.00 overhead resistance level. A bearish candlestick is testing the 12-day EMA after being resisted from the $4.000 overhead resistance. On the upside, if the 12-day EMA holds, the crypto’s price will rise and retest the $4.000 resistance level. If the 12-day EMA is broken, the crypto will be in a downtrend.
From the Fibonacci tool, the coin is trading in the downtrend zone of 0.50 (50%) Fib.retracement level. The current trend is likely to face reversal as price enters the downtrend zone The stochastic is in the overbought region but below the 4 0% range which indicates that the price of Chainlink is in a bearish momentum and a sell signal.
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