Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Charity Accounting Software Market Size Trends and Forecast by Application, Type, and Geography

2025-06-01

Humans leads $ 3,490,000 from the US government, various companies in bank fraud: Doj

2025-06-01

1,000 crypto projects disappear! – how it could generate the next always season

2025-06-01
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Binance and Pakistan IT ministerie Rollen Blockchain Education Program out for 80,000 students

    2025-06-01

    Omnia -Protocol works together with Flare Networks to unlock more private and interoperable Web3 Future

    2025-06-01

    Hodooi and Ice Open Network are a powerful alliance for Web3 Social Expansion

    2025-05-31

    Transition to an internet supported by people

    2025-05-31

    Disney+ Unlocks Web3 for 150m+ users with new perks program Driven by Dapper Labs

    2025-05-31
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Humans leads $ 3,490,000 from the US government, various companies in bank fraud: Doj

    2025-06-01

    American authorities charge six people in connection with alleged $ 66,000,000 Food Stamp -Fraud schedule

    2025-05-31

    American authorities punish the Philippines-based company for alleged computer infrastructure for crypto pig breaking stop

    2025-05-30

    FBI is looking for victims who are connected to FunNull Pig Butching Crypto Investment SCAM

    2025-05-30

    JPMorgan Chase received a fine of $ 566,082 due to alleged not responding to regulator during the energy crisis

    2025-05-30
  • Analysis

    Cronos Tart Crypto Market Downtick on Friday as asset manager Canary Capital Files for CRO ETF

    2025-05-31

    XRP multi-time frame breakdown: here comes what is there

    2025-05-31

    XRP -Price risks crash under $ 2 if the correction holds, here is why

    2025-05-31

    XRP price objectives recovery – signs of strength arise

    2025-05-31

    Bitcoin – Price extends losses – Is more disadvantage on the horizon?

    2025-05-31
  • Learn

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27

    Crypto Margin Trading: How It Works and How to Manage the Risks

    2025-05-26

    Wat is circulerende levering in cryptocurrency?

    2025-05-23

    What Is a DEX (Decentralized Exchange)?

    2025-05-21
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Chainlink: How High Can the Bullish Rally Go?
Altcoins

Chainlink: How High Can the Bullish Rally Go?

2023-06-26No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Disclaimer: The information presented does not constitute financial, investment, trading or other advice and is solely the opinion of the author.

  • Increased buying pressure took LINK above $6 resistance.
  • Open Interest rose along with prices, indicating strong bullish determination.

Chain links [LINK] a bullish position on the 12-hour time frame extended the bounce from the $5 support level. Due to increased buying pressure over the weekend, LINK changed the technical and psychological $6 level from resistance to support.


Read Chainlink’s [LINK] Price Forecast 2023-24


As bulls rallied, the price action suggested that bears were still actively chasing a price reversal. However, the reversal of the $6 level has given buyers a good chance to extend the rally, especially as Bitcoin [BTC] stayed above $30k.

Rising demand could lead to more profit for bulls

Chainlink price chart on dark background

Source: LINK/USDT in trade view

LINK’s rise from its year-to-date low of $5 after a retest cleared major bearish roadblocks. A wave of consecutive bullish candles between June 20 and June 22 brought LINK to the bearish trendline.

Although a brief pullback followed, strong buying power propelled LINK above the confluence of the bearish trendline and the $6 resistance level.

Looking ahead, a 3.24% increase in Chainlink’s market cap, per CoinMarketCap, could lead to more bullish gains. An increasing market capitalization indicates good demand for a coin, which can lead to higher prices.

The Relative Strength Indicator (RSI) highlighted the growing demand for LINK as it stood at the edge of the overbought zone with a reading of 70. The Moving Average Convergence Divergence (MACD) posted a bullish crossover on June 15 and is in an upward trend above the zero mark.

See also  Market analyst sees a 250% rally for BinaryX (BNX) and Mpeppe (MPEPE), which will push them higher into the top 100

LINK buyers can watch for further price increases for Bitcoin to identify a clear bullish trend. However, they will have to successfully defend the $6 support zone first.


How much are 1.10.100 LINKs worth today?


Market speculators buy in bullish intent

Chainlink Open Interest data on dark background

Source: Coinalyse

The Open Interest data of Coin analysis showed a consistent increase in the number of open contracts for LINK since June 15. It coincided with the MACD’s bullish crossover, indicating buyer confidence to turn the bullish rally into a trend.

The OI-weighted funding rate is also positive since June 21, indicating strong bullish intent. The rising stats, along with the price, set buyers in good stead to fuel LINK’s bullish rally.

Source: Mint glass

Source link

Bullish Chainlink high rally
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

1,000 crypto projects disappear! – how it could generate the next always season

2025-06-01

This hot new Altcoin in Defi is running the heads

2025-06-01

Mantra for $ 0.32 If whaling leaves intensification: is to be at a turning point?

2025-05-31

XRP set for price lighting, but only if bulls defend the key of $ 2.13.

2025-05-31
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Solana’s DeFi space shows potential, but what are investors worried about?

2023-08-25

CryptoPunks, BAYC Leads Daily NFT Sales, Tops Ethereum

2024-05-08

Hong Kong proposes crypto tax exemptions to rival Singapore as a financial center

2024-11-28
Editors Picks

Mark Cuban says Gary Gensler and SEC are trying to destroy crypto with impossible registration rules

2024-05-13

More than 60 DNS TLDs are now portable to Unstoppable

2024-11-25

Trader Says Altcoin Soars More Than 8x in Less Than Three Months to Outperform the Market, Updates Outlook for Solana

2024-12-17

The BTC number of individual investors must remain above 54 million

2024-10-27

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Charity Accounting Software Market Size Trends and Forecast by Application, Type, and Geography

Humans leads $ 3,490,000 from the US government, various companies in bank fraud: Doj

1,000 crypto projects disappear! – how it could generate the next always season

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,991.180.51%
  • ethereumEthereum(ETH)$2,496.02-1.09%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.14-0.26%
  • binancecoinBNB(BNB)$650.75-0.73%
  • solanaSolana(SOL)$151.53-1.70%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.1883650.05%
  • tronTRON(TRX)$0.267363-0.70%
  • cardanoCardano(ADA)$0.66-1.28%
  • suiSui(SUI)$3.232.57%
  • hyperliquidHyperliquid(HYPE)$31.832.24%
  • chainlinkChainlink(LINK)$13.76-0.22%
  • avalanche-2Avalanche(AVAX)$20.390.74%
  • stellarStellar(XLM)$0.2636440.79%
  • unus-sed-leoUNUS SED LEO(LEO)$8.68-0.73%
  • bitcoin-cashBitcoin Cash(BCH)$398.48-1.77%
  • the-open-networkToncoin(TON)$3.121.63%
  • shiba-inuShiba Inu(SHIB)$0.0000131.89%
  • hedera-hashgraphHedera(HBAR)$0.1658581.64%
  • litecoinLitecoin(LTC)$86.571.35%
  • polkadotPolkadot(DOT)$4.010.20%
  • moneroMonero(XMR)$325.86-0.40%
  • bitget-tokenBitget Token(BGB)$4.66-0.77%
  • ethena-usdeEthena USDe(USDE)$1.000.07%
  • daiDai(DAI)$1.00-0.01%
  • pepePepe(PEPE)$0.0000110.89%
  • piPi(PI)$0.632.16%
  • uniswapUniswap(UNI)$6.162.32%
  • bittensorBittensor(TAO)$418.934.38%
  • aaveAave(AAVE)$241.15-3.26%
  • okbOKB(OKB)$50.10-0.43%
  • aptosAptos(APT)$4.680.36%
  • nearNEAR Protocol(NEAR)$2.38-0.45%
  • crypto-com-chainCronos(CRO)$0.102759-0.41%
  • internet-computerInternet Computer(ICP)$4.842.36%
  • ondo-financeOndo(ONDO)$0.820.58%
  • ethereum-classicEthereum Classic(ETC)$16.73-0.49%
  • gatechain-tokenGateToken(GT)$19.17-0.20%
  • mantleMantle(MNT)$0.67-0.01%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.072.85%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2116101.71%
  • kaspaKaspa(KAS)$0.083704-0.65%
  • usd1World Liberty Financial USD(USD1)$1.00-0.04%
  • vechainVeChain(VET)$0.0237690.78%
  • render-tokenRender(RENDER)$3.811.00%
  • ethenaEthena(ENA)$0.3071571.85%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.731.01%
  • worldcoin-wldWorldcoin(WLD)$1.11-2.26%
  • filecoinFilecoin(FIL)$2.530.72%
  • bitcoinBitcoin(BTC)$103,991.180.51%
  • ethereumEthereum(ETH)$2,496.02-1.09%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.14-0.26%
  • binancecoinBNB(BNB)$650.75-0.73%
  • solanaSolana(SOL)$151.53-1.70%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.1883650.05%
  • tronTRON(TRX)$0.267363-0.70%
  • cardanoCardano(ADA)$0.66-1.28%
  • suiSui(SUI)$3.232.57%
  • hyperliquidHyperliquid(HYPE)$31.832.24%
  • chainlinkChainlink(LINK)$13.76-0.22%
  • avalanche-2Avalanche(AVAX)$20.390.74%
  • stellarStellar(XLM)$0.2636440.79%
  • unus-sed-leoUNUS SED LEO(LEO)$8.68-0.73%
  • bitcoin-cashBitcoin Cash(BCH)$398.48-1.77%
  • the-open-networkToncoin(TON)$3.121.63%
  • shiba-inuShiba Inu(SHIB)$0.0000131.89%
  • hedera-hashgraphHedera(HBAR)$0.1658581.64%
  • litecoinLitecoin(LTC)$86.571.35%
  • polkadotPolkadot(DOT)$4.010.20%
  • moneroMonero(XMR)$325.86-0.40%
  • bitget-tokenBitget Token(BGB)$4.66-0.77%
  • ethena-usdeEthena USDe(USDE)$1.000.07%
  • daiDai(DAI)$1.00-0.01%
  • pepePepe(PEPE)$0.0000110.89%
  • piPi(PI)$0.632.16%
  • uniswapUniswap(UNI)$6.162.32%
  • bittensorBittensor(TAO)$418.934.38%
  • aaveAave(AAVE)$241.15-3.26%
  • okbOKB(OKB)$50.10-0.43%
  • aptosAptos(APT)$4.680.36%
  • nearNEAR Protocol(NEAR)$2.38-0.45%
  • crypto-com-chainCronos(CRO)$0.102759-0.41%
  • internet-computerInternet Computer(ICP)$4.842.36%
  • ondo-financeOndo(ONDO)$0.820.58%
  • ethereum-classicEthereum Classic(ETC)$16.73-0.49%
  • gatechain-tokenGateToken(GT)$19.17-0.20%
  • mantleMantle(MNT)$0.67-0.01%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.072.85%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2116101.71%
  • kaspaKaspa(KAS)$0.083704-0.65%
  • usd1World Liberty Financial USD(USD1)$1.00-0.04%
  • vechainVeChain(VET)$0.0237690.78%
  • render-tokenRender(RENDER)$3.811.00%
  • ethenaEthena(ENA)$0.3071571.85%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.731.01%
  • worldcoin-wldWorldcoin(WLD)$1.11-2.26%
  • filecoinFilecoin(FIL)$2.530.72%