LINK Price Breaks Above $15 With 33% Rally – Is $18 The Next Stop?
11 Novembre 2023 - 11:30AM
NEWSBTC
LINK price has undoubtedly been one of the major highlights of the
cryptocurrency market in 2023. Over the past week, the
cryptocurrency maintained its recent positive momentum, reaching a
new yearly high of $15.8 on Thursday, November 9. A crypto
analyst and trader who predicted this latest bullish run has
offered more insight on what to expect from the Chainlink token.
What’s Next For LINK Price? A crypto analyst with the pseudonym
Mags took to X (formerly Twitter) to share an interesting update on
the LINK price action. While referring to their initial analysis,
the crypto analyst predicted the likely movement of Chainlink’s
price over the coming days. $LINK broke out and went vertical
without any re-test as said in my previous update! Expecting a one
more leg up till $18 before any HTF pullback! +88% since breakout 🔥
won’t recommend any new entires if you were not positioned already
https://t.co/NtSmbdriGi pic.twitter.com/jq5S3CLtR1 — Mags
(@thescalpingpro) November 11, 2023 In the October 22 analysis,
Mags highlighted that the price of LINK had broken out of a 512-day
consolidation wedge. The crypto trader then forecasted a straight
rally to $12.54, a level the altcoin had surpassed earlier this
week. Related Reading: Solana Breaks Past $54 On Steady Price
Momentum – Will SOL Hit $60 This Month? From the current
standpoint, Mags believes that the LINK price will continue its
“vertical” upward run without any re-test. “Expecting one more leg
up till $18 before any HTF pullback,” the crypto analyst postulated
in their post on X. As of this writing, the LINK token is valued at
$15.06, reflecting more than a 3.6% price increase in the past 24
hours. While the altcoin’s price has been moving mostly sideways in
the last few days, it has maintained most of its gains in the past
week. According to data from CoinGecko, the Chainlink token has
swelled by more than 33% over the past seven days. This figure
underscores the altcoin’s position as one of the best performers in
the crypto market over the last few months. Chainlink’s Whale
Activity Hits Six-Month High A recent on-chain data report by
blockchain analytics firm Santiment revealed that whale activity on
the Chainlink network had hit its highest level in six months.
Interestingly, the network is not alone in this trend, as other
blockchains, including Bitcoin, Ethereum, and Cardano, have also
experienced a similar spike in whale activity. Chainlink whale
activity surges to six-month high | Source: Santiment/X Related
Reading: A Whooping 56% Of OP Max Supply Not Assigned, What Does
This Mean? As Santiment noted, while there might be some
profit-taking amongst the whales at the conclusion of the week,
this does not necessarily mean that tops are imminent. Hence, the
analytics firm’s revelation somewhat strengthens the case of a
continuous upward movement for the LINK price. Chainlink price
slips below $15 on the daily timeframe | Source: LINKUSDT chart on
TradingView Featured image from iStock, chart from TradingView
Grafico Azioni ChainLink Token (COIN:LINKUSD)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni ChainLink Token (COIN:LINKUSD)
Storico
Da Giu 2023 a Giu 2024