{"id":626722,"date":"2024-06-27T19:00:34","date_gmt":"2024-06-27T19:00:34","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=626722"},"modified":"2024-06-27T14:41:19","modified_gmt":"2024-06-27T14:41:19","slug":"chainlink-link-to-hit-new-highs-analysts-predict-25-target","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/chainlink-link-to-hit-new-highs-analysts-predict-25-target\/","title":{"rendered":"Chainlink (LINK) To Hit New Highs? Analysts Predict $25 Target"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:63\">Chainlink (LINK) , the oracle network powering the decentralized world, has been stirring up excitement after a recent surge past a critical resistance level. Analysts are now predicting a potential price explosion, with some even charting a course for the moon. However, lurking beneath the bullish sentiment are shadowy movements by large investors, injecting a dose of uncertainty into the mix.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/can-terra-classic-rise-from-the-ashes-analyst-foresees-1500-price-increase\/\" target=\"_blank\" rel=\"noopener \">Can Terra Classic Rise From The Ashes? Analyst Foresees 1,500% Price Increase<\/a><\/div>\n<h2 data-sourcepos=\"5:1-5:27\"><strong>Chainlink Escapes The Triangle, Eyes Set On The Sky<\/strong><\/h2>\n<p data-sourcepos=\"7:1-7:104\">After a period of decline,<a href=\"https:\/\/www.coingecko.com\/en\/coins\/chainlink\" target=\"_blank\" rel=\"noopener nofollow\"> LINK<\/a> has shown signs of life, decisively breaking above the $13 resistance level. This bullish move has sparked a wave of optimism, with many analysts predicting a sustained uptrend.<\/p>\n<p data-sourcepos=\"7:1-7:104\">Morecryptoonl, a renowned crypto analyst, identified a significant Elliott Wave pattern in LINK&#8217;s price action. According to this analysis, LINK is currently undergoing a consolidation phase within a triangle pattern. While this pattern can indicate a period of sideways movement, a breakout above a key resistance level of $14.85 could signal a significant shift in momentum.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$LINK<\/a>: Wave (B) in white could unfold as triangle pattern but the price, in this case, has to stay below the yellow line at $14.85. A break above this line will indicate that a larger corrective rally in yellow wave (B) is unfolding.<a href=\"https:\/\/twitter.com\/hashtag\/chainlink?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#chainlink<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/LINK?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#LINK<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/altcoins?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#altcoins<\/a> <a href=\"https:\/\/t.co\/eGngNm0eEH\" rel=\"nofollow\">pic.twitter.com\/eGngNm0eEH<\/a><\/p>\n<p>\u2014 More Crypto Online (@Morecryptoonl) <a href=\"https:\/\/twitter.com\/Morecryptoonl\/status\/10347743?ref_src=twsrc%5Etfw\" rel=\"nofollow\">June 25, 2024<\/a><\/p><\/blockquote>\n<p data-sourcepos=\"9:1-9:163\">Bullish forces are further emboldened by the current Relative Strength Index (RSI) sitting at a neutral 43. This suggests that LINK is neither overbought nor oversold, leaving plenty of room for potential growth.<\/p>\n<p data-sourcepos=\"9:1-9:163\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-626723\" src=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/06\/A_d1c054.png?resize=1024%2C540\" alt=\"\" width=\"1024\" height=\"540\" srcset=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/06\/A_d1c054.png?w=1605 1605w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/06\/A_d1c054.png?w=460 460w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/06\/A_d1c054.png?w=768 768w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/06\/A_d1c054.png?w=860 860w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/06\/A_d1c054.png?w=1536 1536w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/06\/A_d1c054.png?w=750 750w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/06\/A_d1c054.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p data-sourcepos=\"9:1-9:163\">Technical indicators aside, World of Charts is predicting a &#8220;sustained bullish trend&#8221; if LINK can definitively break free from its current consolidation pattern. Their optimistic forecast paints a picture of LINK reaching lofty heights between $22 and $25.<\/p>\n<figure style=\"width: 2475px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/ygjAN2jQ\/\" alt=\"\" width=\"2475\" height=\"1163\"><figcaption class=\"wp-caption-text\">LINK market cap currently at $8.6 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<h2 data-sourcepos=\"11:1-11:63\"><strong>Whales Stir The Waters: Selling Spree Or Strategic Shuffle?<\/strong><\/h2>\n<p data-sourcepos=\"13:1-13:504\">A recent wrinkle in the bullish narrative has been the movement of large amounts of LINK by whales, entities holding significant crypto holdings. Over 18 million LINK tokens were recently transferred to exchanges, raising concerns about potential selling pressure that could dampen the current rally.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/solana-trading-plunges-93-in-24-hours-where-did-the-100-billion-go\/\" target=\"_blank\" rel=\"noopener \">Solana Trading Plunges 93% In 24 Hours: Where Did The $100 Billion Go?<\/a><\/div>\n<p data-sourcepos=\"13:1-13:504\">However, some analysts caution against jumping to conclusions. They argue that such movements are not uncommon and could be part of a larger investment strategy, not necessarily a prelude to a selloff.<\/p>\n<h3 data-sourcepos=\"15:1-15:57\"><strong>A Bumpy Ride Ahead?<\/strong><\/h3>\n<p data-sourcepos=\"17:1-17:282\">While the future looks bright for LINK, investors should be prepared for a rollercoaster ride. The cryptocurrency market is notoriously volatile, and LINK is no exception. While the current technical analysis paints a bullish picture, unforeseen events or market fluctuations could quickly derail the positive momentum.<\/p>\n<p data-sourcepos=\"21:1-21:673\"><em>Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink (LINK) , the oracle network powering the decentralized world, has been stirring up excitement after a recent surge past a critical resistance level. Analysts are now predicting a potential price explosion, with some even charting a course for the moon. However, lurking beneath the bullish sentiment are shadowy movements by large investors, injecting a dose of uncertainty into the mix. Related Reading: Can Terra Classic Rise From The Ashes? Analyst Foresees 1,500% Price Increase Chainlink Escapes The Triangle, Eyes Set On The Sky After a period of decline, LINK has shown signs of life, decisively breaking above the $13 resistance level. This bullish move has sparked a wave of optimism, with many analysts predicting a sustained uptrend. Morecryptoonl, a renowned crypto analyst, identified a significant Elliott Wave pattern in LINK&#8217;s price action. According to this analysis, LINK is currently undergoing a consolidation phase within a triangle pattern. While this pattern can indicate a period of sideways movement, a breakout above a key resistance level of $14.85 could signal a significant shift in momentum. $LINK: Wave (B) in white could unfold as triangle pattern but the price, in this case, has to stay below the yellow line at $14.85. A break above this line will indicate that a larger corrective rally in yellow wave (B) is unfolding.#chainlink #LINK #altcoins pic.twitter.com\/eGngNm0eEH \u2014 More Crypto Online (@Morecryptoonl) June 25, 2024 Bullish forces are further emboldened by the current Relative Strength Index (RSI) sitting at a neutral 43. This suggests that LINK is neither overbought nor oversold, leaving plenty of room for potential growth. Technical indicators aside, World of Charts is predicting a &#8220;sustained bullish trend&#8221; if LINK can definitively break free from its current consolidation pattern. Their optimistic forecast paints a picture of LINK reaching lofty heights between $22 and $25. Whales Stir The Waters: Selling Spree Or Strategic Shuffle? A recent wrinkle in the bullish narrative has been the movement of large amounts of LINK by whales, entities holding significant crypto holdings. Over 18 million LINK tokens were recently transferred to exchanges, raising concerns about potential selling pressure that could dampen the current rally. Related Reading: Solana Trading Plunges 93% In 24 Hours: Where Did The $100 Billion Go? However, some analysts caution against jumping to conclusions. They argue that such movements are not uncommon and could be part of a larger investment strategy, not necessarily a prelude to a selloff. A Bumpy Ride Ahead? While the future looks bright for LINK, investors should be prepared for a rollercoaster ride. The cryptocurrency market is notoriously volatile, and LINK is no exception. While the current technical analysis paints a bullish picture, unforeseen events or market fluctuations could quickly derail the positive momentum. Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":626734,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,16295,6664,16097],"class_list":["post-626722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-chainlink","tag-crypto","tag-link"],"acf":[],"yoast_head":"\n<title>Chainlink (LINK) To Hit New Highs? 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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