•  On May 23, the price of Chainlink had its $1.400 overhead resistance.
• Nevertheless, the coin is facing resistance at the $2.0 price level.

LINK/USD Long-term Trend: Bullish

• Resistance levels: $1.2000, $1.4000, $1.6000
• Support levels: $0.8000, $0.6000, $0.4000

The LINK/USD pair was in the bullish trend zone. On May 23, the price of Chainlink had its $1.400 overhead resistance. The bulls were resisted and the LINK market had a downward correction to the support of the 12-day EMA and Later below the 12-day EMA and 26-day EMA. The crypto’s price is below the EMAs which suggest that price is likely to fall. However, from the price action, the bulls break above the EMAs to commence a range bound move above the EMAs.

On June 13, the price of Chainlink had a bullish break at the $1.400 price level. The bullish breakout broke through the resistance of $1.40 and reached a high of $2.0 price level. Nevertheless, the coin is facing resistance at the $2.0 price level.The stochastic is in the oversold region but above the 60% range which indicates that the price of Chainlink is in a bullish momentum and a buy signal.

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