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LINK May Break Above $8 Level; Buyers Strongly Prefer TAMA

LINK May Break Above $8 Level; Buyers Strongly Prefer TAMA
LINK May Break Above $8 Level; Buyers Strongly Prefer TAMA

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The Chainlink price may continue to show a bullish movement if the market could rise above the $7.5 resistance level.

Chainlink (LINK) Statistics Data:

  • Chainlink price now – $7.20
  • Chainlink market cap – $3.5 billion
  • Chainlink circulating supply – 491.5 million
  • Chainlink total supply – 1 billion
  • Chainlink Coinmarketcap ranking – #23

LINK/USD Market

Key Levels:

Resistance levels: $9.5, $10.0, $10.5

Support levels: $5.5, $5.0, $4.5

LINK May Break Above $8 Level; Buyers Strongly Prefer TAMA
LINKUSD – Daily Chart

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LINK/USD is showing positive movement for the past few days as the market crosses above the 21-day moving average. Apart from this, the price of Chainlink may need to head towards the upper boundary of the channel and traders can expect the price to hit the nearest resistance level of $8.0.

Chainlink Price Could Shoot to the North, Buyers Strongly Prefer Tamadoge

The daily chart shows that the Chainlink price is attempting to create a new positive trend, and traders may expect a bullish continuation towards the upside, which could test the resistance level of $8. Similarly, the technical indicator Relative Strength Index (14) moves to cross above the 50-level, and crossing above this level may locate the potential resistance levels at $9.5, $10.0, and $10.5 in the long term.

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Meanwhile, if the Chainlink price spike to the upside, traders may witness additional bullish trends in the coming trading sessions. Meanwhile, a bearish breakdown may likely play out for this market if the Chainlink price withdraws back below the 9-day moving average, and this could roll the coin back to the long-term supports at $5.5, $5.0, and $4.5.

Against Bitcoin, the Chainlink price follows the bullish movement as the coin remains above the 9-day and 21-day moving averages. More so, if the pair touches the resistance level of 4000 SAT, the market is likely to keep releasing more bullish pressure as the technical indicator Relative Strength Index (14) moves to cross into the overbought region, which indicates that more bullish signals are going to play out.

LINKBTC – Daily Chart

However, if LINK/BTC falls and crosses below the moving averages, it may bring the coin to the nearest support at 3500 SAT, and any further bearish movement could lower the price to the support level of 3200 SAT and below. Nevertheless, if the coin continues to follow a bullish movement and crosses above the upper boundary of the channel, traders could see a bull run to the resistance level of 4200 SAT and above.

Tamadoge is combining the fun of Tamagotchi with the play-to-earn mechanics made possible with NFT technology applied to gaming. Earlier this week the project completed the sixth phase on the project in which the coin was priced from 1 USDT to 44 TAMA. The price has since increased, to 1 USDT buying 40 TAMA. There will be nine tranches of token sales in all, with the price increasing at each stage. 711 million tokens have been sold so far out of a total of 1 billion that is available in the presale out of a total supply of 2 billion.

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