Chainlink’s LINK price is recovering from the $12.65 support. The price is gaining bullish momentum and might aim for a move above the $14.20 resistance.
Chainlink price is showing bullish signs and eyeing more gains above $14.00 against the US dollar.
The price is trading above the $13.50 level and the 100-hourly simple moving average.
There was a break above a major bearish trend line with resistance near $13.60 on the hourly chart of the LINK/USD pair (data source from Kraken).
The price could extend gains if it clears the $14.20 resistance zone.
Chainlink Price Turns Green
In the past few sessions, Chainlink saw a decent upward move from the $12.65 zone. There was a move above the $13.00 and $13.20 levels. LINK bulls are now attempting a steady upward move like Ethereum.
There was a clear move above the 50% Fib retracement level of the downward move from the $14.82 swing high to the $12.66 low. There was also a break above a major bearish trend line with resistance n
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