Chainlink (LINK) Signals Breakout with Eyes Set on This Key Resistance

2023-12-11 20:30

Renowned analyst Rekt Capital, in tandem with altFINS, provides a keen insight into Chainlink’s (LINK) recent market movements. The chart analysis reveals that LINK has successfully broken out of its pattern, a crucial development suggesting a potential shift in its market dynamics. Currently in a “neutral” near-term outlook, LINK is categorized as “Approaching Resistance,” with the pattern stage marked as “Emerging.”

The trade setup indicates a clear uptrend, with LINK eyeing a critical $17 resistance level. This level, previously a hurdle in mid-November, is now the focal point for market participants. The analysts anticipate a successful retest of this level to fully confirm the breakout, signaling that buyers have absorbed selling pressure and potentially opening the path for LINK to resume its uptrend with an optimistic target of $20. Traders are advised to set price alerts to stay informed of key breakouts.

altFINS’ analysis underscores LINK’s resilience and growth potential, emphasizing its role as a leading Oracle data provider. Notably, LINK has had a 110% surge since the initiation report in August 2023. The analysis positions LINK favorably to benefit from the long-term trend in the tokenization of real-world assets, citing examples like US T-Bills.

Source: altFINS – Start using it today

Examining the trend across all time horizons—short, medium, and long-term—the momentum indicators paint a bullish picture. The MACD Line remains above the MACD Signal Line, while the RSI sits comfortably above 55, affirming positive market sentiment.

Read also:

Chainlink (LINK) Nears Make-or-Break Resistance Level Why Has Avalanche (AVAX) Pumped 300% in Two Months? Rebel Satoshi Demonstrates BIG Profit Potential: How Do Ethereum (ETH) and Avalanche (AVAX) Compare?

For traders and investors, key support zones include $14.50 (previous resistance) and $11.80, serving as crucial levels to monitor for potential retracement. On the upside, resistance zones at $17.00 and $20.00 are pivotal, representing significant hurdles that, if overcome, could propel LINK into a new phase of bullish momentum. The comprehensive analysis offers a strategic overview for market participants navigating Chainlink’s evolving price action.

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The post Chainlink (LINK) Signals Breakout with Eyes Set on This Key Resistance appeared first on CaptainAltcoin.

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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
Доступно / Всего 0 LINK

link chainlink market chart movements successfully analysis

Источник: captainaltcoin.com

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


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