Chainlink's (LINK) price has remained positive, rising above the moving average lines.
LINK price long-term analysis: bullishHowever, if the altcoin falls below the moving average lines, the bullish scenario is invalidated and it will revert to its previous low of $11.77. The altcoin is trading at $13.61.
Technical indicators:Resistance Levels – $25 and $27
Support Levels – $10 and $5
LINK price indicators reading 
The LINK price has continued to rise above the $13 support. On the 4-hour chart, the price is trading above the 50-day SMA support but below the 21-day SMA resistance. When the moving averages are breached, the cryptocurrency will trend in either direction. Meanwhile, the price remains steady between the moving average lines.
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.
