Chainlink (LINKUSD) Remains Firm above the Resistance Level

Chainlink (LINKUSD) Price Forecast: December 5

Today, the LINKUSD pair remains firm at $14.515 above the resistance level despite the influence of sell traders. The coin price is gaining traction, approaching the overhead region, and reflecting a bullish sentiment among investors. The crypto price may rise to the upper resistance at $16.784 level if the bulls continue to rise and the price stays above the pattern supply trend line at $16.010. This would be a clear buy signal and a fantastic chance for long-term investors.

Key Levels:
Resistance Levels: $15.00, $16.00, $17.00
Support Levels:    $11.00, $10.00, $9.00

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

The long-term market value of Chainlink is rising against downward forces. The price remains strong above the supply levels on the higher time frame, indicating a bullish momentum.
The price action has continued to advance in the bullish direction towards the upper resistance channel, indicating an uptrend.

The pressure from the bulls to $13.585 supply value in the past few hours has sustained the crypto price above the supply trend levels in its recent high.

The LINKUSD buyers responded to the market after sellers’ interference at the $14.212 support level and broke out to a high at the $14.515 resistance above the EMA-50, indicating forces from the buy traders and bullish commitment.

Hence, closing the 4-hour session above the $16.010 supply level will accelerate the bullish progression and creating a strong area of interest for buyers.

Notably, the Chainlink market is pointing up on the daily stochastic, suggesting that the price may continue to the upside, and this might hit the $16.500 upper supply trend mark, indicating a buy crypto signal for coin traders.

LINK (USD) Short-term Trend: Bullish (1HChart)

LINKUSD pair has experienced a modest increase, suggesting its buying time is now as the price currently runs a bullish race.
The bullish momentum at the $13.531 supply has enabled the token price to stay strong above the resistance line in its new correction.

The Chainlink price breakout at the $14.506 resistance above the EMA-50 on the 1-hourly chart today indicates buying impact from bulls, resulting in intraday gains.

Therefore, if the bulls add more pressure to their buying motives, the price might swing above the $14.611 previous barrier, indicating high conviction from buyers.

Adding to this, the LINKUSD network pointing up on the daily stochastic implies that buyers may continue the price breakout and bullish progression; thus, a possible recovery of $15.000 supply level in the days ahead may be achieved in the lower time frame.

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