Chainlink Consolidates Amid Bitcoin Rally; Analyst Predicts LINK Surge to Reach This Price

2023-12-6 15:30

In the midst of Bitcoin’s surging momentum, Chainlink (LINK) is undergoing a consolidation phase, as highlighted by Upside Down Crypto Data. Contrary to viewing this as a setback, the consolidation is seen as a positive development. According to the short-term UDPI risk model, LINK’s short-term risk is gradually cooling off during this phase of consolidation.

As risk levels subside, the potential for upside movement in LINK increases, setting the stage for a more robust performance in its next rally. The strategic consolidation is deemed favorable, allowing the cryptocurrency to build resilience and gather momentum for future upward movements.

On-chain analyst David echoes the optimistic sentiment, citing a remarkable +243% surge in Chainlink’s value, propelling it to $16+ since his bottom call in June. Despite this substantial appreciation, David emphasizes that the LINK weekly chart remains bullish, projecting a further move into the $20s.

Dispelling notions of a potential dip below $8 as a psychological operation (Psyop), David underscores the robust position of Chainlink in the market. The analyst’s confidence in LINK’s weekly outlook reflects a bullish stance, anticipating sustained positive momentum in the coming weeks.

Read also:

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Investors and enthusiasts alike are closely monitoring Chainlink’s trajectory, with the cryptocurrency poised for potential gains as it consolidates amidst the broader market dynamics.

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ChainLink (LINK) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $17.68
Капитализация $0 Rank 99999
Цена в час новости $ 15.52 (-100%)

link chainlink bitcoin consolidation upside highlighted phase

link chainlink → Результатов: 126


Открытый интерес к фьючерсам на Chainlink приблизился к $110 млн

Стоимость альткоина Chainlink (LINK) за неделю выросла почти на 9%. Он оказался одним из самых результативных на крипторынке за последние 24 часа. В ночь на пятницу, 8 сентября, LINK подорожал до $6,34.

2023-9-8 00:10


Фото:

Chainlink упал до $7,5 из-за ослабления активности крупных трейдеров

За последние семь дней капитализация Chainlink (LINK) увеличилась почти на 6% до $4,087 млрд. В начале недели альткоин укреплялся, благодаря активизации адресов, контролирующих от 100 000 до 10 млн LINK.

2023-8-11 00:51


Chainlink Price Pattern Formation: What It Means For Its Price Action

In recent trading sessions, Chainlink (LINK) has exhibited a bullish trend. It experienced a significant rebound from its $5 support level and has since continued on an upward trajectory. Related Reading: Litecoin Whales Deposit Big To Exchanges, Bearish Sign? Over the past week, LINK has surged more than 12%, although its daily chart indicates a slowdown in gains.

2023-7-19 03:00