Chainlink and Tezos Extend Higher as Bitcoin Price Approaches $10K

This level was a significant resistance for a long time, as the price of Tezos failed to break through this level four times in the past 18 months.

Through the past few months, the volume on Tezos increased significantly, which led to the breakout of this vital resistance level.

The price of Tezos dropped the past few days towards the support and confirmed the 0.0002915 satoshis level as support.

If such a move occurs, levels to focus on are the $1.75 and $2.50 levels.

The 4-hour timeframe shows a clear retrace towards the previous support level at $3.80, mainly caused by a corrective move from Bitcoin.

Buyers immediately stepped in at this level, as the price of Chainlink is currently 17% higher than that support level.

This level is the last hurdle for Chainlink to take before it can start moving into price discovery.

If the price rejects at the $4.50-$4.60 level, a retest of the $3.80 level is likely to occur.

If Chainlink can't break through the $4.50-$4.60 level, the first support level is found at $3.80.

If the price of Chainlink can't break through this resistance, a renewed test of the 0.0004 satoshis level is warranted.