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Chainlink (LINKUSD) Price Forecast: August 19
Today, the LINKUSD pair has reached a buying time, given the market’s considerable price spike over the last several days. Despite minor market drops, the coin’s upward trend demonstrates optimistic growth qualities that keep its investors engaged. As long as buyers maintain their enthusiasm and don’t give up, the token price, which is currently near the upper resistance level, could continue its strong upward trend. Therefore, if the current trend continues, the bull market can reach the crucial psychological level of $26.00 and higher before we notice any indications of sellers’ intervention.
Key Levels:
Resistance Levels: $24.00, $25.00, $26.00
Support Levels: $15.00, $14.00, $13.00
LINK (USD) Long-term Trend: Bullish (Daily Chart)
The price of Chainlink reached its buying time despite minor corrections, drawing interest from coin investors on its higher time frame.
The price has been able to draw buyers in its current high due to persistent positive pressure near the $22.98 high value during the last session.
The price of LINKUSD surged to the $24.74 supply mark above the EMA-50 today, signaling heightened investor interest and confidence in the asset.
Therefore, the token price will rise above the resistance if bulls are able to initiate their price action and a bullish momentum is maintained above the current level.
Notably, the daily signal showing an upswing suggests that the Chainlink market can expand once more. Given this, the crypto price may increase in the upcoming days to reach a supply value of $27.00 in the long run.
LINK (USD) Medium-term Trend: Bullish (4HChart)
The LINKUSD pair at a high momentum bullish rally, suggests a potential buying opportunity for coin investors on the medium-term outlook.
The price is close to the upper resistance level above the EMA-50, indicating a robust upward trajectory.
The high bullish momentum at the $22.91 supply value in the last session has enabled the token price to stay strong above the resistance line in its new correction.
The Chainlink price, exhibiting a robust upward trajectory at a $24.74 resistance level above the moving average today, suggests the token price has reached the time to buy due to low bearish momentum.
In the meantime, if the bulls can boost the buying momentum and raise the coin prices above the present supply levels, supporting purchasers for a long-term rally, the price will rise.
In a similar vein, the LINKUSD price is expected to grow more, as indicated by the daily signal. Given this, it is unlikely that the selling pressure would persist.
Therefore, in the coming days, the coin price may rise and hit the $27.00 upper high value in its medium-term period.
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