Chainlink (LINKUSD) Remains Strong at $22.441 High Level

Chainlink (LINKUSD) Price Forecast: August 13

LINKUSD pair is seeing a notable surge in its market value as it remains strong at the $22.441 daily price level, suggesting a buy trade. The altcoin is currently hovering close to the upper range above the EMA-50, reflecting a bullish sentiment among investors. There is a higher probability of a price-breaking resistance zone if the buy traders can double their efforts. Attaining this, a good upside momentum at the $22.500 upper resistance level could be reached, signaling a potentially sustained rise in the crypto’s market value.

Key Levels:
Resistance Levels: $22.440, $22.441, $22.442
Support Levels:    $12.641, $12.640, $12.639

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

The Chainlink market is in a positive movement today. The price remains strong above the supply levels on the higher time frame, indicating a bullish momentum. This looks nice for the long trader and signifies a buy trade.
Pressure from the bulls to a $21.996 supply value in the past few days has sustained the token price above the supply trend levels lately.

The coin buyers responded to the market and broke out to a high at the $22.441 resistance mark as the LINKUSD price remained strong above the moving average lines, indicating strength from buy traders and bullish commitment.

Based on the outlook, if the bulls go higher and close above the mentioned supply, a bullish breakout confirmation will reflect the improved market sentiment.

The momentum indicator also signaled an uptrend. Buyers are expected to continue with the trend, and in this case, the Chainlink price might surge to reach the $22.500 upper resistance value soon as it remains strong above the supply levels in its long-term perspective.

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

The LINKUSD pair indicates an upward trend with a bullish sentiment as it remains strong above the supply trend levels in its short-term perspective.
The coin is trading above $22.065 and presently facing the overhead resistance at the recent high.

The coin price rises significantly above the resistance trend lines at the $22.424 level as the 4-hourly chart begins today, due to a high bullish impact on the market price.

However, staying above the supply mark will give the coin buyers the tendency to influence the price actions.

Chainlink price remains strong at the $22.424 high level above the moving averages; if the bulls increase their tension in the market, the price tendency will rise above the key levels.

Hence, LINKUSD may continue its bullish correction as indicated by the daily stochastic, pointing up. We can expect more gains and strength from the coin as the bulls continue to influence the market conditions.

In light of this, the pair may reach the $22.450 upper resistance level soon as it remains strong above the supply levels.

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