<p id="247b42c7-f263-4164-990d-d5db13354d57" class="quill-block ql-align-justify"><strong>Key technical points:</strong></p>

<ul>
 	<li>LINK technical analysis is in an uptrend.</li>
 	<li>The closest support for LINK is $5.9.</li>
 	<li>Indicators are optimistic for LINK.</li>
</ul>
<h2>Past Performance of LINK</h2>
<p id="247b42c7-f263-4164-990d-d5db13354d57" class="quill-block ql-align-justify"><a href="https://www.cryptoknowmics.com/news/link-technical-analysis-rebound-to-14-6-is-possible/" target="_blank" rel="noopener noreferrer">LINK</a> price action reveals that the market is uptrend as it is making higher highs and higher lows. The current resistance for LINK is at $7.4, while the support lies at $5.9. The most recent candlestick pattern is a bullish engulfing candle, which suggests that LINK's price could continue to move higher in the short term.</p>
<p id="247b42c7-f263-4164-990d-d5db13354d57" class="quill-block ql-align-justify"><strong><img class="alignnone wp-image-241720 size-full" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/07/LINKUSD_2022-07-02_11-20-47.png" alt="LINK Technical analysis" width="1293" height="736" />Source- </strong><a href="https://www.tradingview.com/x/A4pIxrwn/" target="_blank" rel="nofollow noopener">Tradingview</a></p>

<h2>LINK Technical Analysis</h2>
<p id="247b42c7-f263-4164-990d-d5db13354d57" class="quill-block ql-align-justify">The MACD and RSI are both bullish, indicating that the bulls' momentum is in favor. Investors looking to enter the market can do so with a stop loss below $5.9 and look for targets of $7.4 and above. Investors should keep an eye on the $7.4 level, as a breakout above this resistance could signal further upside for LINK.</p>
<p id="247b42c7-f263-4164-990d-d5db13354d57" class="quill-block">The LINK market is expected to continue its uptrend in the near term as technical indicators are bullish. However, investors should be cautious as the market approaches a major resistance level at $7.4. A breakout above this level could signal further upside for LINK, while a failure to break out could lead to a retracement in price.</p>

<h2>Upcoming Trend</h2>
<p id="247b42c7-f263-4164-990d-d5db13354d57" class="quill-block">If the LINK market can break out above the $7.4 resistance level, it could signal further upside as the market may enter a new uptrend. The next target for bulls would be $8.2, the next major resistance level.</p>

LINK Technical Analysis: LINK/USD Pair Target $8.2 Next

The LINK technical analysis is in an uptrend. The closest support for LINK is $5.9. Indicators are optimistic for Chainlink.

Sergio is a cryptocurrency journalist based in the United States. He describes himself as late to the game, entering the cryptosphere when the price rise happened in December 2017. Having a computer engineering background, living in the United states, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

LINK Technical Analysis: LINK/USD Pair Target $8.2 Next

Top Picks