Chainlink Prize increased over $ 7.00: Analysts predict further profits when important levels of resistance are overcome

Chainlink Prize increased over $ 7.00: Analysts predict further profits when important levels of resistance are overcome
chainlink (link), a well -known token in the crypto world, shows positive signs of further profits, since its price has increased over the $ 7.00 mark and is traded above the 100 simple moving average (4 hours). Analysts and dealers are optimistic that the price could continue to increase if it overcomes the level of resistance of $ 7.35 and $ 7.50
After a short-term downward correction, the Link Prize supported support near the $ 6.45 mark compared to the US dollar. This low formed the turning point and the price began to rise again in contrast to Bitcoin and Ethereum. The price was able to overcome the level of resistance of $ 6.65 and $ 6.90. He rose from $ 7.36 to $ 6.458 via the 50 %FIB retracement level of the downward movement. The link price is now above the $ 7.00 mark and the simple moving average of 100 (4 hours).
On the 4-hour chart of the link/USD couple, an important interest bully trend line with support is close to $ 6.65. This is a positive sign of the price because it indicates a future upward movement. However, the couple currently encounter resistance near the 76.4 %Fib retracement level of the downward movement from $ 7.36 to $ 6.458
Analysts believe that the Link Prize could again gain dynamics in the event of a significant breakthrough over the $ 7.35 mark. In this case, an increase towards the level of $ 7.50 and $ 7.85 would be possible. The next big resistance is close to the $ 8.00 mark, over which the price could increase to $ 8.80.
If the Chainlink price is not possible to climb the resistance brand of $ 7.35, a downward correction could take place. The first support is close to the $ 6.90 mark. The next big support is located near the brand of $ 6.65 and the trendlile zone.
Technical indicators such as the 4-hour MACD show that the link/USD price in the bullish zone gains dynamics. The relative strength index (RSI) for Link/USD is now above the 50 mark.
Overall, analysts and retailers remain optimistic that the Chainlink Prize could continue to increase, especially if it overcomes the level of resistance of $ 7.35 and $ 7.50. It remains to be seen whether the price can break through these resistors and make further profits.