Chainlink price analysis: LINK still looks primed for a 20%+ upswing

2023-2-17 21:56

Chainlink (LINK) price outlook suggests bulls will eye $8.00 and then $9.50 if upside momentum holds. The cryptocurrency has been in accumulation for more than 300 days. A 20% breakout to the suggested highs last reached in November is possible for LINK/USD.

Chainlink (LINK) is changing hands around $7.40, up 7.3% at the time of writing.

It’s not a huge breakout for the 23rd ranked altcoin (by market cap), particularly given the mega swings seen today with Bitcoin hitting multi-month highs above $25,000 and Ethereum testing bearish resolve above $1,700 on Thursday.

LINK price – the bullish case

While the LINK price is facing rejection around $7.50 amid potential slowdown for bulls, a technical outlook for the oracle network’s native token suggests a run to $8 can still happen.

According to crypto analyst Ali, LINK could swing to the upper trendline of a rising channel as the coin has tended to bounce after reaching the support line. Note that this outlook is from a few days when Chainlink price rebounded from the parallel channel’s lower trendline to test resistance around $7.50.

Per the prediction Ali recently shared, LINK might continue with the pattern, which is key after today’s price action saw bulls test the aforementioned supply wall.

#Chainlink eyes $8!$LINK bounced off the lower boundary of the parallel channel noticed on its 4-hour. Now, #LINK could be aiming for the upper edge of this technical formation. https://t.co/mjcyaaV5I4 pic.twitter.com/MtqvKozVOO

— Ali (@ali_charts) February 7, 2023

Another analyst, Inmortal, points to the fact that Chainlink has been in consolidation for more than 300 days. The accumulation could end with a violent breakout. 

Still like $LINK here.

+300 days accumulation could end soon with a violent move. pic.twitter.com/Ll4x9MebM6

— Inmortal (@inmortalcrypto) February 16, 2023

Looking at the Chainlink price chart, a rally above $8.00 could open up a 22% upside path for LINK/USD to target the $9.50 reached on 8 November 2022. 

LINK price – the bearish scenario

As tailwinds could wane amid broader market slowdown, the ascending middle line currently provides the main resistance area.

A sell-off triggered by wider market uncertainty means bears can still target $6.75 and $6.00 remains a crucial buffer zone.

The post Chainlink price analysis: LINK still looks primed for a 20%+ upswing appeared first on CoinJournal.

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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 $ 7.2287 (-100%)

link chainlink price days accumulation breakout highs

Источник: coinjournal.net

link chainlink → Результатов: 126


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Chainlink  may be gearing up for one of its biggest moves yet. A crypto market expert shared a weekly chart that lays out what he calls the most bullish setup for LINK. Ali on X posted that chart and walked through a simple roadmap from a potential dip to $16 up to a run toward […] The post Expert Reveals “Most Bullish Setup” for Chainlink (LINK), Predicts Spike to $100 appeared first on CaptainAltcoin.

2025-9-7 01:59


LINK rallies 12% to overtake Hyperliquid, eyes $30; Check forecast

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2025-8-13 13:23


Record Number of ATH’s For Emerging Altcoin Poised to Outpace LINK and DOT By 2025

Chainlink has finally picked up bullish momentum, and Polkadot is following in its footsteps by flashing early bullish signals on its daily chart. Meanwhile, Rollblock’s 170% presale rally is attracting a wave of new investors every week! Chainlink (LINK) Records New High After Clearing Key Resistance Chainlink surged to $22 in March, but it has […] The post Record Number of ATH’s For Emerging Altcoin Poised to Outpace LINK and DOT By 2025 appeared first on CaptainAltcoin.

2024-9-22 18:00


Фото:

Альткоин Chainlink за неделю взлетел на 23%

Стоимость Chainlink (LINK) увеличилась на 23% за последние семь дней. В ночь на понедельник, 20 мая, курс LINK укрепился до $16,5. За сутки объем торгов вырос до $496,6 млн, а капитализация достигла $9,696 млрд.

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