Chainlink (LINKUSD) Price Is Rising Again

Chainlink (LINKUSD) Price Forecast: April 11

Today, the Chainlink market price is rising again and could achieve significant gains as the price movement suggests a bullish continuation. The coin price might increase above the current resistance level of $12.42. If buyers should exert more force into the price action in the market, the $30.75 high mark might be retested soon. Thus, a clear buy signal and intraday gain for the coin buyers as it continues the up north journey in the evolving crypto market.

Key Levels:
Resistance Levels: $17.00, $18.00, $19.00
Support Levels: $12.00, $11.00, $12.00

LINK (USD) Long-term Trend: Bearish (Daily Chart)

The LINKUSD market portrays a bearish trend, but it has started rising again, following an increase in buyers’ interest in the coin in its long-term view. The crypto price is below the supply levels, indicating a bearish trend.
The sustained bearish pressure at the $10.76 low value in the last session has made the cryptocurrency price remain below the supply trend levels at its recent price level.

The Chainlink price is rising again as it rebounded to a $12.42 resistance level below the EMA-50, shortly after the daily session opens today, indicating that the crypto price is rising amid market correction, resulting in an intraday gain for coin investors.

Hence, the crypto price is rising while it is pointing upwards on the daily signal. In light of this, the emergence of more buyers to move the price of LINKUSD to a significant level at the upside is crucial and this might hit the $30.75 peak resistance trend mark as the coin market continues its rising pattern in its higher time frame.

LINK (USD) Medium-term Trend: Bullish (4HChart)

Despite minor corrections, the LINKUSD price is rising again after massive drops in its medium time frame. The coin price is above the supply levels, reflecting increased market interest.
The crypto price is rising above the supply levels at its recent high due to the bulls’ sustained pressure at the $11.80 supply value in the previous action.

The Chainlink market structure shows the price is rising again, as the bulls pulled back to a $12.42 high level above the moving averages as the 4-hourly chart opens today, indicating that the traders are actively buying at this level.

A possible breakout from the mentioned supply level will provide a higher float for buyers and prolong the ongoing recovery for future gains.

Hence, with the LINKUSD price rising, we have a bullish bias that the crypto price will continue the bullish trend as the market indicates an uptrend on the daily stochastic.

Therefore, if the buying pressure should increase, there may be a potential rise in the coin price and this might retest the previous high at the $15.94 supply level and extend the coin price to the $30.75 upper high trend line in the coming days in its medium-term perspective.

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