Chainlink (LINKUSD) Is Rising Against Downward Forces

Chainlink (LINKUSD) Price Forecast: March 8

Today, the LINKUSD pair is rising against the downward forces despite the activities of bears. The coin is gaining traction with a robust bullish trend, signaling strong market optimism. Meanwhile, the coin price may continue to push higher as it faces the upper channel. Thus, a potential breakout above $19.84 could bolster the bullish momentum and target the $20.00 upper resistance before a range breakout.

Key Levels:
Resistance Levels: $17.00, $18.00, $19.00
Support Levels: $14.00, $13.00, $12.00

LINK (USD) Long-term Trend: Bullish (4H Chart)

The long-term market value of Chainlink is rising against downward forces. The price action has continued to advance in the bullish direction towards the upper resistance channel, indicating an uptrend.
The crypto’s resistance value at $16.35 in the last session has sustained the upward strength in its recent high.

The bulls’ action to a $0.1140 resistance level above the EMA-50 as the daily chart commences today suggests that the price action of LINKUSD is rising against downward forces and may continue in the same direction.

Thus, a sharp breakout and closure above the $19.84 peak value will focus on the ultimate touch at the upper resistance level.

Notably, the Chainlink market may continue rising against downward forces as it remains in an uptrend on the daily signal. Due to this, the crypto price may surge to hit the $20.00 upper resistance level in the coming days in the long-term outlook.

LINK (USD) Short-term Trend: Bullish (1H Chart)

The LINKUSD pair is rising against the downward forces in its short-term outlook due to the high inflow from long traders.
The high bullish momentum at the $16.24 supply value has enabled the token price to stay strong above the resistance line in its new correction.

The market price of Chainlink is rising against downward forces close to the upper channel above the EMA-50 at the $17.35 resistance level, indicating a robust upward trajectory.

Thus, if the crypto’s price could sustain above the $17.55 high level, the potential rally could surge towards the upper channel, offering a good entry point for coin traders.

Furthermore, the daily stochastic signals an uptrend. If the bulls could push harder and sustain the LINKUSD price above the $17.55 previous high, the resulting rally may surpass the $19.84 level and hit the $20.00 psychological level at the upside in the days ahead in its lower time forecast.

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