Chainlink price<\/a> may stay above the moving averages and if the resistance of $8.50 gives way, the bull run may come to focus, and the coin may create an additional bullish trend. Now, the bullish scenario seems to surface as buyers continue to post firm commitments into the market. According to the daily chart, traders could see a sharp rise in the market price. Therefore, if the coin reaches the resistance level of $9.00, this could further strengthen the market to $9.20, $9.40, and $9.60 resistance levels.<\/p>\nOn the downside, a lower possible swing may likely retest the previous support below the 9-day and 21-day moving averages. However, if the bears manage to fuel the market, traders may expect a further drop to the support levels of $6.80, $6.60, and $6.40 respectively. On the other hand, the technical indicator Relative Strength Index (14) is now moving toward the 70-level, indicating that the market may retain the bullish trend.<\/p>\n
Against Bitcoin, the Chainlink price remains above the moving averages in other to reach the resistance level of 3500 SAT. Meanwhile, this resistance level is expected to effectively exceed so that the market price may end up closing above it.<\/p>\n