{"id":231486,"date":"2019-07-02T15:59:02","date_gmt":"2019-07-02T19:59:02","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=231486"},"modified":"2021-07-22T02:58:58","modified_gmt":"2021-07-22T06:58:58","slug":"link-gains-18-after-a-huge-demand-bulls-target-5","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/link-gains-18-after-a-huge-demand-bulls-target-5","title":{"rendered":"LINK Gains 18% After A Huge Demand, Bulls Target $5"},"content":{"rendered":"<h3>ChainLink (LINK) Price Analysis \u2013 July 2<\/h3>\n<p>The ChainLink market saw a significant price increase of 18.64% in the past few hours of trading with a market cap holding of $1.3 billion. The bulls have assumed control of the market, rising the price action to $4.2 (0.00039BTC) before dropping to the market to $3.7 \u2013 the current trading price.<\/p>\n<h2>LINK\/USD Market<\/h2>\n<p><strong>Key Levels:<\/strong><br \/>\nResistance levels: $4.5, $5<br \/>\nSupport levels: $3, $2.5<\/p>\n<p>After the June 14 spike to $2 which later led to a sudden price surge, raising the market to $4.5 before creating support at the $3. Following the bullish move, ChainLink is currently trading at around $3.7 as the market heads for a retest at $4.5 resistance before meeting a new high around $5. However, the market has found strong support on the 50 level of the 4-hours RSI.<\/p>\n<figure id=\"attachment_231521\" aria-describedby=\"caption-attachment-231521\" style=\"width: 1365px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/07\/LINKUSD-4H-Chart-July-2.jpg\"><img decoding=\"async\" class=\"wp-image-231521 size-full\" src=\"http:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/07\/LINKUSD-4H-Chart-July-2.jpg\" alt=\"\" width=\"1365\" height=\"730\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/07\/LINKUSD-4H-Chart-July-2.jpg 1365w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/07\/LINKUSD-4H-Chart-July-2-300x160.jpg 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/07\/LINKUSD-4H-Chart-July-2-768x411.jpg 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/07\/LINKUSD-4H-Chart-July-2-1024x548.jpg 1024w\" sizes=\"(max-width: 1365px) 100vw, 1365px\" \/><\/a><figcaption id=\"caption-attachment-231521\" class=\"wp-caption-text\">LINKUSD, 4H Chart &#8211; July 2<\/figcaption><\/figure>\n<p>In the same direction, LINK is still bullish on the 4-hours MACD with a low pressure which displayed a significant bearish histogram on the indicator after weeks of trading. But now, the histogram is slowly turning positive now. Nevertheless, a possible downward rally could roll back the market to $3 and $2.5 supports.<\/p>\n<h2>LINK\/BTC Market<\/h2>\n<p>Against Bitcoin, LINK just retested price around the 0.0039BTC a few hours ago after a significant price increase. The token now trades at the 0.00036BTC level. The double-top formation is commonly followed by a decline which is likely at 0.0003BTC and 0.00025BTc supports. Meanwhile, the bulls have gained control of the market. The positive scenario is revealed on the MACD.<\/p>\n<figure id=\"attachment_231522\" aria-describedby=\"caption-attachment-231522\" style=\"width: 1365px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/07\/LINKBTC-4H-Chart-July-2.jpg\"><img decoding=\"async\" class=\"wp-image-231522 size-full\" src=\"http:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/07\/LINKBTC-4H-Chart-July-2.jpg\" alt=\"\" width=\"1365\" height=\"732\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/07\/LINKBTC-4H-Chart-July-2.jpg 1365w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/07\/LINKBTC-4H-Chart-July-2-300x161.jpg 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/07\/LINKBTC-4H-Chart-July-2-768x412.jpg 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/07\/LINKBTC-4H-Chart-July-2-1024x549.jpg 1024w\" sizes=\"(max-width: 1365px) 100vw, 1365px\" \/><\/a><figcaption id=\"caption-attachment-231522\" class=\"wp-caption-text\">LINKBTC-4H-Chart-July-2<\/figcaption><\/figure>\n<p>If the double-top pattern turns to a false signal, ChainLink price may continue to 0.0004BTC and 0.00045BTC resistance, respecting the ascending wedge pattern. On the 4-hours RSI, the token has slightly dropped from the overbought region. If the RSI continues to move downward, the market may fall to the lowest condition.<\/p>\n<p><strong><em>Please note:<\/em><\/strong><em> insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">ChainLink (LINK) Price Analysis \u2013 July 2 The ChainLink market saw a significant price increase of 18.64% in the past few hours of trading with <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/link-gains-18-after-a-huge-demand-bulls-target-5\" title=\"LINK Gains 18% After A Huge Demand, Bulls Target $5\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":231521,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[8453,8452,8009,7992],"class_list":["post-231486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-linkbtc","tag-linkusd","tag-price-prediction","tag-technical-analysis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LINK Gains 18% After A Huge Demand, Bulls Target $5 - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Against Bitcoin, LINK just retested price around the 0.0039BTC a few hours ago after a significant price increase. The token now trades at the 0.00036BTC.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/231486\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LINK Gains 18% After A Huge Demand, Bulls Target $5\" \/>\n<meta property=\"og:description\" content=\"Against Bitcoin, LINK just retested price around the 0.0039BTC a few hours ago after a significant price increase. 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