{"id":658686,"date":"2024-12-07T14:00:48","date_gmt":"2024-12-07T14:00:48","guid":{"rendered":"https:\/\/ktsl888.com\/?p=658686"},"modified":"2024-12-07T07:29:12","modified_gmt":"2024-12-07T07:29:12","slug":"chainlink-price-shines-with-40-rally-is-28-5-possible","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/chainlink\/chainlink-price-shines-with-40-rally-is-28-5-possible\/","title":{"rendered":"Chainlink Price Shines With 40% Rally \u2014 Is $28.5 Possible?"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Over the past week, the <a href=\"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-open-interest-hits-record-high-of-17-billion-bearish-or-bullish-for-eth-price\/\" target=\"_blank\" rel=\"noopener \">cryptocurrency market<\/a> was not particularly on that impressive streak many investors may have now become accustomed to. However, the large-cap altcoins seem to have woken from their slumber to close the week, with the Chainlink price showing good signs of recovery after falling into a consolidation range.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The price of LINK came flying out the gates to start the week, surpassing the $20 mark again for the first time since March. With the altcoin seemingly back on track, the question on the minds of investors would be \u2014 what next for the Chainlink price?<\/span><\/p>\n<h2 class=\"p1\"><strong><span class=\"s1\">Can LINK Price Return To Its 3-Year High Of $28.5?<\/span><\/strong><\/h2>\n<p class=\"p1\"><span class=\"s1\">In a new post on the X platform, crypto intelligence firm Santiment <a href=\"https:\/\/x.com\/santimentfeed\/status\/25192231\" target=\"_blank\" rel=\"noopener nofollow\">discussed<\/a> the promise of the Chainlink price and its newly-found momentum. The prominent on-chain platform highlighted that the altcoin is just a few good performances from recovering a significant price level.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/dogecoin\/xrp-price-marks-2-13-2-92\/\" target=\"_blank\" rel=\"noopener \">XRP Price Marks $2.13 And $2.92 As Primary Fibonacci Levels, What Happens When Wave 2 Begins?<\/a><\/div>\n<p class=\"p1\"><span class=\"s1\">According to Santiment, the price of Chainlink is about 10% from reaching $28.5, a level the cryptocurrency lost as far back as January 2022. The market analytics firm believes that most on-chain signals are pointing to a higher likelihood of reclaiming this price level in the near future.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udd17\ud83d\udcc8 Chainlink has enjoyed a late-week rally, and now needs to climb just +10.8% to match its 3-year high from January, 2022. It is encouraging that there is very little retail FOMO toward LINK. Markets move the opposite direction of the crowd&#8217;s expectations, so the crowd&#8217;s\u2026 <a href=\"https:\/\/t.co\/UuKdmMMXWA\" rel=\"nofollow\">pic.twitter.com\/UuKdmMMXWA<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/25192231?ref_src=twsrc%5Etfw\" rel=\"nofollow\">December 6, 2024<\/a><\/p><\/blockquote>\n<p class=\"p1\"><span class=\"s1\"><a href=\"https:\/\/ktsl888.com\/news\/litecoin\/litecoin-whales-on-the-move-can-they-drive-ltc-price-back-to-75\/\" target=\"_blank\" rel=\"noopener \">Santiment<\/a> mentioned that traders have refrained from being overly excited but have rather remained level-headed. On-chain data reveals that there has been little retail FOMO towards the price of LINK following its recent bullish run.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">For context, FOMO (fear of missing out) is a sentiment amongst crypto traders that often involves making impulsive investment decisions. As Santiment noted, spikes in crowd FOMO could put downward pressure on prices, leading to abrupt corrections.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Moreover, the <a href=\"https:\/\/ktsl888.com\/bitcoin-news\/president-elect-trumps-message-to-bitcoin-holders-congratulations-on-reaching-100000\/\" target=\"_blank\" rel=\"noopener \">crypto market<\/a> historically moves in the opposite direction of the crowd\u2019s expectations. Hence, the low trader sentiment towards the Chainlink price could prove pivotal in the continuation of the altcoin\u2019s rally to the $28.5 mark.<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">Chainlink Price At A Glance<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">As of this writing, the <a href=\"https:\/\/ktsl888.com\/news\/chainlink-rockets-20-whale-activity-sparks-break-from-bear-trend\/\" target=\"_blank\" rel=\"noopener \">price of LINK<\/a> stands at around $25.5, reflecting an impressive 10% jump in the past 24 hours. According to CoinGecko, the altcoin\u2019s performance on the weekly timeframe is even more remarkable, with an over 40% rally in the last seven days.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-price-100000-bull-trap\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Price At $100,000: Road To More Gains Or Potential Bull Trap? Analyst Has Answers<\/a><\/div>\n<div>\n<figure style=\"width: 2174px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/e99Lqypp\/\" alt=\"Chainlink price\" width=\"2174\" height=\"1432\"><figcaption class=\"wp-caption-text\">The price of LINK on the daily timeframe | Source: LINKUSDT chart on <a href=\"https:\/\/www.tradingview.com\/x\/e99Lqypp\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<\/div>\n<div class=\"disclaimer-shortcode\"><em>Featured image from Pexels, chart from TradingView<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Over the past week, the cryptocurrency market was not particularly on that impressive streak many investors may have now become accustomed to. However, the large-cap altcoins seem to have woken from their slumber to close the week, with the Chainlink price showing good signs of recovery after falling into a consolidation range. The price of LINK came flying out the gates to start the week, surpassing the $20 mark again for the first time since March. With the altcoin seemingly back on track, the question on the minds of investors would be \u2014 what next for the Chainlink price? Can LINK Price Return To Its 3-Year High Of $28.5? In a new post on the X platform, crypto intelligence firm Santiment discussed the promise of the Chainlink price and its newly-found momentum. The prominent on-chain platform highlighted that the altcoin is just a few good performances from recovering a significant price level. Related Reading: XRP Price Marks $2.13 And $2.92 As Primary Fibonacci Levels, What Happens When Wave 2 Begins? According to Santiment, the price of Chainlink is about 10% from reaching $28.5, a level the cryptocurrency lost as far back as January 2022. The market analytics firm believes that most on-chain signals are pointing to a higher likelihood of reclaiming this price level in the near future. \ud83d\udd17\ud83d\udcc8 Chainlink has enjoyed a late-week rally, and now needs to climb just +10.8% to match its 3-year high from January, 2022. It is encouraging that there is very little retail FOMO toward LINK. Markets move the opposite direction of the crowd&#8217;s expectations, so the crowd&#8217;s\u2026 pic.twitter.com\/UuKdmMMXWA \u2014 Santiment (@santimentfeed) December 6, 2024 Santiment mentioned that traders have refrained from being overly excited but have rather remained level-headed. On-chain data reveals that there has been little retail FOMO towards the price of LINK following its recent bullish run. For context, FOMO (fear of missing out) is a sentiment amongst crypto traders that often involves making impulsive investment decisions. As Santiment noted, spikes in crowd FOMO could put downward pressure on prices, leading to abrupt corrections. Moreover, the crypto market historically moves in the opposite direction of the crowd\u2019s expectations. Hence, the low trader sentiment towards the Chainlink price could prove pivotal in the continuation of the altcoin\u2019s rally to the $28.5 mark. Chainlink Price At A Glance As of this writing, the price of LINK stands at around $25.5, reflecting an impressive 10% jump in the past 24 hours. According to CoinGecko, the altcoin\u2019s performance on the weekly timeframe is even more remarkable, with an over 40% rally in the last seven days. Related Reading: Bitcoin Price At $100,000: Road To More Gains Or Potential Bull Trap? Analyst Has Answers Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":590,"featured_media":548761,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83381],"tags":[16295,79580,16097,79480,57231],"class_list":["post-658686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chainlink","tag-chainlink","tag-chainlink-price","tag-link","tag-linkusdt","tag-santiment"],"acf":[],"yoast_head":"\n<title>Chainlink Price Shines With 40% Rally \u2014 Is $28.5 Possible?<\/title>\n<meta name=\"description\" content=\"The Chainlink price came flying out the gates to start the week, surpassing the $20 mark again for the first time since March. 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