Chainlink (LINKUSD) Price May Increase to $30.75 Supply Level

Chainlink (LINKUSD) Price Forecast: April 8

Today, the LINKUSD pair is rising and may increase to $30.75 peak level as the coin market resumes another bullish cycle. Despite the downward trend seen, increased whale activity and significant acquisitions of the token poised the crypto for a potential rally. Thus, a potential breakout above $26.40 could bolster the bullish momentum and target the $30.75 resistance before a range breakout.

Key Levels:
Resistance Levels: $19.00, $20.00, $21.00
Support Levels: $12.00, $11.00, $10.00

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

The long-term market value of Chainlink may increase to the $30.75 supply level, provided buyers don’t give up the buying activities. The price action has continued to advance in the bullish direction towards the resistance channel, indicating a bearish trend.
The crypto’s support value at $11.00 in the last session has contributed to its bearishness in its recent high.

The bulls’ action to a $11.86 resistance level below the EMA-50 as the daily chart commences today suggests that the price action of LINKUSDT is rising and may increase towards the $30.75 peak supply, offering a good entry point for coin buyers.

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 or increase to hit the $30.75 upper resistance level in the coming days in the long-term outlook.

LINK (USDT) Medium-term Trend: Bearish (4HChart)

Despite the moves by the bears, the LINKUSDT pair may increase, as it begins to show a more bullish impact below the supply level in its medium-term time frame.
The bearish pressure at the $10.10 supply level in the last few hours has dropped the crypto price below the trend levels in its recent correction.

The market price of Chanlink increases to a $11.86 high level below the moving averages as the 4-hourly session opens, signaling an improved bullish sentiment on the asset.

Thus, if the crypto’s price could sustain above the $15.94 high level, the potential rally could increase and surge towards the upper channel, offering a good entry point for coin traders.

Additionally, there is a tendency for the LINKUSDT price to increase if the support level at $10.10 holds. In light of this, buyers may take the crypto price up to a high of $30.75 in the coming days in its medium-term perspective.

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