Chainlink Price Prediction: Will LINK Experience a Price Blast?

Stay informed about the potential price blast of Chainlink (LINK) on the cryptocurrency market. Analyze the hourly and daily charts, and discover the key resistance levels for a possible upward move.

Posted 8 months ago in Market Analysis

A line chart showing the hourly price movement of Chainlink (LINK) on the cryptocurrency market.

The weekend has started in a relatively neutral mode on the cryptocurrency market. The rate of Chainlink (LINK) has risen by 5.58% over the last 24 hours.

On the hourly chart, the price of LINK is trading above the local resistance of $8.156. If the daily bar closes above that mark, the upward move may continue to the $8.50 zone soon.

A similar situation is observed on the daily time frame, as the candle is about to fix above the level of $8.070. If buyers can hold the gained initiative, there is a possibility of a further rise to $9 next week.

On the weekly chart, one should pay attention to the interim area of $9. If the candle closes near or above it, the accumulated energy might be enough for a channel breakout followed by a blast to the $11-$12 zone soon.

Currently, LINK is trading at $8.157 at press time.

Last updated 9/30/2023, 7:07:01 PM


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