Flow

bullish

Convergence

Chainlink

Divergence

<ul class="wp-block-list">
 <li><strong>Chainlink has gained by 6%, with its price hovering around $15.</strong></li>
 <li><strong>LINK’s daily trading volume has jumped by over 64%.</strong></li>
</ul>
<p>The crypto market recovery has shifted the trend from red to green, with assets attempting to make steady gains. Bitcoin (BTC), the largest cryptocurrency, has climbed into the $86.9K range, while Chainlink (LINK) has registered a 6.68% increase.</p>
<p>Chainlink opened day trading at $14.30 and slipped to a low of $14.18. Eventually, on the heels of the bulls, LINK climbed to a high of $15.28, choosing to trade on the upside. At the time of writing, Chainlink was <a href="https://coinmarketcap.com/currencies/chainlink/" target="_blank" rel="noopener noreferrer nofollow">trading</a> at $15.25.&nbsp;&nbsp;</p>
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 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd4R28V5G8ZlooQf4PWpdi_T6Pp8-wyBGkuUV8HJ_7xBpf-pNH9deBds4D4zHBPaTAlzImP0LBTJ5GnjDu8U9YXH9Jy7DhPETYu5bSOc6yWyPtGTeVSl1paaQAtk4LVJUsWUfCb9g?key=tRDbqGB6-eBFDifRMRwlOwZu" alt="" style="width: 100%;height:auto">
 </figure>
</div>
<p>Furthermore, the market observed a <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noopener noreferrer nofollow">liquidation</a> of $1.09 million worth of Chainlink during this period. Meanwhile, the asset’s daily trading volume has reached $335 million.</p>
<h3 class="wp-block-heading" id="h-will-chainlink-break-new-ground">Will Chainlink Break New Ground?</h3>
<p>Chainlink’s upside <a href="https://thenewscrypto.com/is-a-run-to-20-in-sight-for-chainlink-link-after-jumping-7/" target="_blank" rel="noopener noreferrer nofollow">price</a> pattern could bring in a steady rally, pushing it higher, likely retesting the immediate resistance at $15.76. Should LINK sustain its price stability, it might head toward the $16.35 resistance.</p>
<p>A reversal of LINK’s ongoing price momentum could trigger it to right away fall to the support zone at the $14.88 range. If the downturn <a href="https://thenewscrypto.com/chainlink-crashes-from-14-to-11-is-a-comeback-in-sight/" target="_blank" rel="noopener noreferrer nofollow">accelerates</a>, Chainlink could break beneath the $13 support zone.</p>
<p>The Moving Average Convergence Divergence (MACD) line of Chainlink has crossed over the signal line. This typically indicates bullish crossover and the asset could be poised for further upward movement.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeA7xV52DCMlAcUWLgXK9LJkpb252UqoQHHY3o7Mc3TPcEL9sdsxqlcfuGluUcRr19KSCCNiEGRCsA2uAKLbC9sqp80RVMlldhRgusgTZneNshXuXKpjz4o_gRezg-2sISMp34sAg?key=tRDbqGB6-eBFDifRMRwlOwZu" alt="">
 </figure>
</div>
<p>Additionally, the Chaikin Money Flow (CMF) indicator found at 0.11, suggesting that the capital is flowing into the asset, reflecting a positive sentiment. Meanwhile, the daily trading volume of LINK has surged by 64.57%.</p>
<p>LINK’s daily relative strength index (RSI) positioned at 69.97 is <a href="https://in.tradingview.com/chart/AHwivr5C/?symbol=BINANCE%3ALINKUSD" target="_blank" rel="noopener noreferrer nofollow">approaching</a> the overbought territory. Besides, the Bull Bear Power (BBP) value of 1.2039 signals strong bullish momentum in the market.</p>

Chainlink (LINK) Gains Momentum: $16 Breakout Incoming?

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