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CATEGORY: link price


Sep 26, 2024 12:05

Chainlink Sees 296% Jump In Large Transactions As Active Addresses Rise 14.7%, Whats Going On?

Chainlink whales are once again on the move in what seems to be a general reawakening. Large transactions on the blockchain network have ballooned recently, alongside a drastic increase in active addresses, hinting at a notable development. Therefore, in this report, we take a look at the significant increase in whale transactions and active addresses, as well as what could have triggered this burst of interest on the previously muted blockchain. Chainlink Whale Volumes Rises 295.93% According to data from the IntoTheBlock website, Chainlink whales are getting active again after a previous drop in activity. This time around, whale transactions consisting of LINK tokens with values of at least $100,000 and above, have seen a notable increase. Related Reading: Bitcoin Prediction: Crypto Pundit Reveals Why $100,000 Is The Nominal Price Level For 2025 On September 22, the number of large Chainlink transactions recorded was only 65, but by September 23, this number had risen to 130. This translates to a 100% increase in the number of transactions. In the same vein, the amount of tokens transacted also surged, but to a larger degree. Data shows that only 1.86 million LINK tokens were moved by Chainlink whales on September 22. However, this figure rose to 7.28 million tokens by September 23. In dollar terms, Chainlink whales moved $20.71 million on September 22 and $82.01 million on September 23. The total growth during this time came out to 295.93%. Daily active addresses also saw a significant increase on the network, although to a lesser degree compared to the whale volumes. Active addresses rose from 1,810 addresses to 2,070 addresses, representing a 14.72% increase. This rise in active addressees, coupled with the increase in whale transactions, suggests that attention is, once again, turning to the Chainlink network. Whats Driving The Recovery? So far, one notable development seems to be the driving force behind the Chainlink recovery and it has to do with the 21.co Bitcoin wrapper. The company announced that it was adopting the Chainlink Proof of Reserves mechanism for its 21BTC token, which is a wrapped version of Bitcoin that was made available on the Solana blockchain in May 2024. Related Reading: Shiba Inu Symmetrical Triangle Pattern Reappears, Why A 200% Rally Is Possible This move was to enable the company ensure completely transparency with 21BTC, while also tapping into the decentralization, programmability, and investor confidence that already exists in the Chainlink Proof of Reserves program. This will span across the 21BTC offering on both the Solana and Ethereum blockchains. As expected, the news was well-received by the community, triggering more active participation from investors. However, it has not had much of an impact on the LINK price, which continues to tread around the $11 level. The altcoins is seeing around 5% gains in the last week, meaning only small gains were recorded as a result of the announcement. Featured image created with Dall.E, chart from Tradingview.com

Sep 24, 2024 01:50

Chainlink (LINK) Price Analysis for Today, September 23 LINK Technical Analysis

Chainlink (LINK) has drawn attention due to its regular token unlock events. Despite a recent increase in circulating supply from the 18.75 million LINK tokens [...]

Is Chainlink (LINK) $12 Breakout Imminent? Data Reveals A Rising Open Interest

Author: Sebastian Villafuerte
United Kingdom
Sep 12, 2024 12:05

Is Chainlink (LINK) $12 Breakout Imminent? Data Reveals A Rising Open Interest

Chainlink is in a consolidation phase after weeks of volatility and selling pressure. The price currently holds above a support level of $10, a crucial liquidity level. The altcoin attracts the attention of analysts and investors who anticipate higher prices soon.  Related Reading: Solana (SOL) Surges Past $130 Resistance As Funding Rate Signals Bullish Momentum Data from Santiment reveals rising open interest, which signals sustained demand for Chainlink. As more traders and investors build positions, this increase in open interest suggests that a price rally could be on the horizon. This stabilization around the $10 mark has given some confidence to those who believe LINK may be poised for a breakout. Many analysts see this as a potential turning point for Chainlink, with its current price action reflecting growing optimism for future gains. If the consolidation holds and momentum builds, LINK could potentially push past its recent resistance and aim for higher levels. Chainlink Investors Showing Confidence  Chainlink is testing key supply at its current levels, and top traders and investors are confident in a potential rise for LINK in the coming weeks. One significant indicator signaling strength is the rising Open Interest (OI), as revealed by Santiment. OI tracks the number of active contracts tied to a cryptocurrency, serving as a reflection of market engagement. When OI increases, it signals growing liquidity and interest in the market, while a decrease in OI typically points to reduced exposure. From a price analysis perspective, a rise in OI combined with a price dip often confirms a continuing downtrend. On the other hand, if OI decreases while the price rises, it may signal a bearish reversal. In Chainlinks case, both OI and price are increasing, which suggests that the current uptrend could persist. As investors monitor the market, many are waiting for price confirmation above current levels to keep the momentum going and shift the overall negative sentiment that has clouded Chainlink in recent weeks. Related Reading: Cardano (ADA) Rally Brewing? On-Chain Metrics Suggest Investors Optimism LINKs breakout could fuel a bullish run, as traders expect a more bullish trajectory in the short term. The rising OI serves as a strong indicator that market participants are increasingly confident in LINK’s potential for further gains. LINK Price Testing Supply At $10.8 Chainlink (LINK) is trading at $10.40 after testing local resistance at $10.83, positioning for a potential breakout toward higher prices. The price is struggling to clear the 4-hour 200 moving average (MA) at $10.71, a key indicator that has acted as a resistance since late August. For bulls to maintain momentum, LINK must reclaim the 4H 200 MA and target the next resistance at $12.70. Breaking past this level would signal a reversal and could lead to a more sustained uptrend, offering investors hope for further gains. However, if LINK fails to break through the 4H 200 MA, the altcoin will likely face a pullback, with support anticipated at lower demand levels around $9.30. A failure to hold this support could result in even lower prices, reinforcing the downside risk for traders. Related Reading: Avalanche (AVAX) Ready To Target $28: Investors Expect A Reversal The coming days will be crucial for LINKs price trajectory as the battle between bulls and bears intensifies. Featured image from Dall-E, chart from TradingView

Aug 07, 2024 05:50

Chainlink Drops by 64% In 5 Months, LINK Holders Unfazed: They Are Rapidly Accumulating

Yesterday, August 5, LINK, the native currency of Chainlink, a decentralized Oracle provider, plunged to a six-month low. Changing hands at around $8, LINK fell by 64% from March highs, breaking out from a bull flag, signaling weakness. The correction was across the board, and leading altcoins like Solana and Cardano also posted sharp losses. [...]

The post Chainlink Drops by 64% In 5 Months, LINK Holders Unfazed: They Are Rapidly Accumulating appeared first on Crypto Breaking News.

Chainlink & Ethereum Hit Historic Lows: Opportunity In Market Pain?

Author: Arslan Tabish
Estonia
Aug 05, 2024 02:30

Chainlink & Ethereum Hit Historic Lows: Opportunity In Market Pain?

Renowned analytical platform Santiment reported that both Chainlink and Ethereum have reached an all-time low in the 30-day and 365-day average of trading returns. In a recent post on X, the platform highlighted this considerable decrease in return, pointing out the current trends in these large cryptocurrencies. According to Santiment analysis, Chainlink and Ethereum trading […]

LINK Surges 11% As Key Data Reveals Day Traders Are Locking Gains

Author: Sebastian Villafuerte
United Kingdom
Aug 23, 2024 12:05

LINK Surges 11% As Key Data Reveals Day Traders Are Locking Gains

Chainlink (LINK) has surged over 10% in the past few hours, pushing its price to $11.39 at the time of writing. This significant gain comes after two weeks of sideways consolidation, signaling a potential shift in momentum.  Related Reading: Chainlink Drops by 64% In 5 Months, LINK Holders Unfazed: They Are Rapidly Accumulating As LINK rallies, data from Santiment, a leading crypto data intelligence platform, reveals that some daily traders are already taking profits, capitalizing on the recent price increase. This profit-taking activity highlights investors’ cautious optimism as LINKs price gains momentum and reaches technical resistance in the 4-hour timeframe. LINKs On-Chain Transaction Volume Showing Profit-Taking LINK’s daily profit-to-loss transaction volume has reached its highest level since July 14, with the ratio at 5.986. This means there are nearly six transactions in profit for every transaction in loss, signaling that short-term holders are actively taking profits following the recent move up. Such a high ratio indicates that investors are capitalizing on a significant price increase or relief rally, locking in gains as the market tests key levels. This profit-taking trend reveals the dynamics prevailing among traders, even as LINKs price continues to gain momentum in the market. With the token testing local supply around the $11.40 mark, the market sentiment is one of careful anticipation. Traders are keenly aware of the delicate balance between further gains and potential pullbacks. Investors will watch for signs of a sustained breakout or a potential reversal as LINK approaches this threshold. The outcome at this level could set the tone for LINKs price action in the coming days, making it a critical juncture for traders and investors alike. Technical Details: LINK Price In Critical Level  LINK is trading at $11.31 after breaking a local high of $10.83 set on August 8, confirming an uptrend on the daily time frame. The price rally paused at $11.40, right at the 4-hour (4H) 200 exponential moving average (EMA), underscoring the significance of this technical indicator in lower time frames. This indicator acts as a dynamic support or resistance level, often indicating the trend in lower time frames. For LINK, reclaiming this level is crucial to confirm bullish momentum. For LINK Bulls to maintain momentum, the next crucial step is to retake the 4H 200 EMA and aim for $13. Conversely, if LINK fails to consolidate above this indicator, it could lead to a retest of the previous resistance at $10.83 and potentially a dip to the higher low around $9.90. Related Reading: Analyst Says Chainlink Price Could Climb To $19 Heres How Despite some day traders locking in profits, this activity should be seen as a sign of healthy profit-taking after a modest rally. The current price action reflects a market in consolidation, with traders closely watching for the next move. As LINK hovers near critical levels, the coming days will be pivotal in determining whether the uptrend continues or if a pullback is on the horizon. Cover image from Dall-E, Charts from Tradingview

Jul 09, 2024 12:05

Analyst Predicts ChainLink (LINK) Rally To $13 Could Result In 45% Price Correction, Heres Why

The decentralized oracle network ChainLink and its native token, LINK, have staged a price recovery amid the broader cryptocurrency market’s bounce from a recent significant correction.  Despite experiencing a 16% price retracement over the past month, LINK has regained its stronghold, rising 5% to $13 in the past 24 hours after hitting a six-month low of $11 on Friday. Still, cautionary signals have emerged that caught the attention of crypto expert Ali Martinez.  Bearish Signals For ChainLink  In a recent social media post, Martinez raised concerns about a pattern visible on LINK’s daily chart, suggesting the potential for a substantial price correction ahead.  Specifically, the analyst highlighted a possible retest of the neckline of the head-and-shoulders pattern during the recent upswing to $13.  Related Reading: Mass Adoption? NEAR Protocol Sees Over 12 Million Unique Addresses In 30 Days According to Martinez, this pattern indicates a continuation of the downtrend until the right shoulder is broken, meaning that the ChainLink price would have to break above the $20 level, the top of the right shoulder, to invalidate this scenario. If this scenario is as predicted, ChainLink could face a 45% correction. Martinez previously highlighted the likelihood of such a correction if LINK were to break below the $12.70 support level.  The token’s price might retrace significantly in this bearish scenario, potentially reaching as low as $6.60. Notably, these levels were last witnessed in September 2023, before the commencement of the overall market uptrend that began in November of the same year. Key Levels For LINKs Price Recovery Another analyst, Crypto Ambrosio, presents similar downward scenarios for the ChainLink price in a recent analysis of key indicators.  The analyst suggests that if the 20-week exponential moving average (EMA), depicted by the yellow line in the chart above, remains above the current price action, it would serve as a notable bearish signal for the token. However, breaking above this indicator situated at $14.75 would invalidate this bearish outlook. Additionally, Crypto Ambrosio noted a downtrend pattern in the Relative Strength Index (RSI), further supporting the notion of a new downtrend for ChainLink. To counter these bearish signals, it is crucial for LINK to hold the $12 support level, as noted by the analyst.  Ambrosio also believes that if ChainLink forms a Falling Wedge pattern and breaks the resistance at $15, it could signal a bullish reversal and pave the way for further price recoveries toward its yearly high of $22.89, reached in March. Related Reading: Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week? The token must overcome key upper resistance levels while trading at $13.28 to initiate a potential price recovery. Upon analyzing the LINK/USD daily chart, the token will likely encounter its first significant challenge at the $13.52 price level, which has acted as a resistance for the past two months. Moreover, to invalidate the extension of the bearish scenario and surpass the 20-week exponential average, the ChainLink price would need to surpass and consolidate above the $14.38 resistance level.  Featured image from DALL-E, chart from TradingView.com

Jul 28, 2024 12:05

Analyst Says Chainlink Price Could Climb To $19 Heres How

In recent months, the Chainlink price hasn’t quite been able to replicate the bullish strength it showed at the start of the year. And the past week was a prime example of the coins recent struggles, as the bulls failed to completely stamp control over the last seven-day period. However, it appears that the LINK price inconsistencies might be coming to an end soon, as a popular crypto analyst has identified a bullish pattern on the tokens price chart. How LINK Price Could Soar 48% To Reach $19 Prominent crypto analyst Ali Martinez has shared via a post on X an exciting prognosis on the future trajectory of the Chainlink price. According to the crypto pundit, the cryptocurrency, which has largely struggled, could be set for a price turnaround over the next few weeks. Related Reading: Analyst Says XRP Remains Strongest Compared To Bitcoin And Ethereum, Heres Why The rationale behind this bullish projection is the formation of an inverse head and shoulders pattern on the LINK four-hour price chart. The inverse head and shoulders formation is a technical analysis indicator that features a head (a lower low) in between two shoulders (usually a lower low and a higher low). This chart formation whether in the normal or inverse form is a significant indicator for identifying trend reversals. Specifically, the inverse head and shoulder pattern suggests a shift from a bearish to a bullish trend when the price breaks the neckline, an imaginary line that runs through the peaks of the troughs. Martinez noted in his post on X that the price of Chainlink could make a run towards the $19 mark over the next coming days. However, the cryptocurrency must break above the neckline around the $15 level, as shown in the chart above. A rally to the $19 mark would represent an almost 50% price leap from the current price. And a return to this price level would be most welcomed by the altcoin’s investors, having spent the last two months beneath it. Chainlink Price At A Glance As of this writing, the Chainlink price has jumped slightly above $13.5, reflecting a 3.6% increase in the last 24 hours. However, this price gain is not significant enough to wipe the tokens loss over the past seven days. Related Reading: Toncoin Under Pressure As TON Price Falls Below 100-Day SMA, $6 Looms According to data from CoinGecko, the LINK token experienced a 3% decline in value in the past week. Nevertheless, the cryptocurrency still ranks among the top 20 largest assets in the sector, with a market cap of more than $8.2 billion. Featured image from Unsplash, chart from TradingView

Chainlink (LINK) Price May Surge to $30 if It Breaks $17.4 Resistance

Author: Kashif Saleem
Estonia
Jul 26, 2024 02:30

Chainlink (LINK) Price May Surge to $30 if It Breaks $17.4 Resistance

Chainlink (LINK), th dcntrlizd orcl ntwork powring smrt contrcts, finds itslf t criticl junctur. A rcnt nlysis by crypto trdr WHALES_CRYPTOx highlights potntil bullish brkout, whil currnt mrkt sntimnt lns towrds brish continution. On th $LINK chrt, WHALES_CRYPTOx idntifid bull flg pttrn forming just blow crucil rsistnc zon round $17.4. […]

Jul 14, 2024 12:05

Chainlink Investors In Accumulation Mode LINK Price Primed For A Rally?

The price of Chainlink has mostly struggled in the past few weeks, mirroring the stagnant condition of the general market. Interestingly, investors seem motivated to keep faith in the altcoin rather than be discouraged by the sluggish price action observed in recent weeks. According to the latest on-chain revelation, investors appear to be shifting to a long-term holding strategy, with a focus on the future promise of the Chainlink token. This leaves the question could the LINK price be primed for a rally? $110 Million Worth Of LINK Leave Centralized Exchanges According to the latest on-chain observation, the Chainlink token appears to be undergoing an accumulation trend, with investors moving their assets from centralized exchanges. Latest data from IntoTheBlock shows that approximately 8.7 Million LINK tokens (worth about $110 million) have been withdrawn from exchanges in the last two weeks. Related Reading: Analyst Predicts 2,750% Celestia (TIA) Price Explosion To $188, Heres The Roadmap This observation is based on the Netflows metric, which tracks the difference between the amount of tokens that are transferred in and out of centralized exchanges. When the value of this metric is negative, it implies that more assets are leaving than entering crypto exchanges. Conversely, a positive value of the Netflows metric indicates that more assets are flowing in than out of exchanges. While it is difficult to unravel the rationale behind the increased outflow of Chainlink tokens from exchanges, the exodus of massive LINK amounts signals a shift in investor sentiment. Specifically, the direction of the funds movement suggests an increase in investor confidence, as they appear to be moving their tokens away from trading platforms. IntoTheBlock said in the post:  Such activity is typically associated with an accumulation phase, indicating that investors are moving $LINK off exchanges and into long-term holdings. A corroborating data point came from another blockchain firm, signaling major accumulation by major Chainlink stakeholders. According to Santiments data, investors holding between 10,000 – 1,000,000 coins have added 9.2 Million LINK since June 24. This brings the holdings of this investor cohort to 207.29 million coins, an 8-month high. Chainlink Price At A Glance As of this writing, the price of LINK stands around $12.94, reflecting a 3.4% increase in the past 24 hours. According to CoinGecko data, the Chainlink token is up by 2.5% in the past week. However, this recent show of strength hasn’t been to reverse Chainlinks almost 10% decline in the past two weeks. On a positive note, though, the declining supply of LINK tokens on centralized exchanges could set the stage for a bullish rally for the altcoin.  Related Reading: Bitcoin Price Trajectory Remains Bearish, $49,000 Liquidity Zone Looms As Next Downside Target Featured image from Binance Academy, chart from TradingView

Crypto Analyst Predicts LINKs Next Move: Quick Scalping Opportunity Ahead?

Author: Arslan Tabish
Estonia
Jun 09, 2024 02:30

Crypto Analyst Predicts LINKs Next Move: Quick Scalping Opportunity Ahead?

Well-known cryptocurrency analyst Crypto WZRD has shared his new evaluation of market trends and trajectories, with a particular emphasis on the Chainlink (LINK) token. In a recent X post, the analyst provided a comprehensive daily technical perspective, revealing the current bearish bar for LINK. The current trend of LINK shows a bearish movement that may […]

Jun 24, 2024 12:05

19 Million Chainlink Tokens Transferred To Exchanges More Downside For LINK Price?

The cryptocurrency market witnessed severe bearish pressure over the past week, and the price of Chainlink (LINK) wasn’t an exception. The altcoin has continued to struggle with its torrid form, losing nearly 10% of its value in the last seven days. Interestingly, the bears seem to still be in control at the moment, with the latest on-chain revelation suggesting that there might be further downside for the LINK price over the next few days. Are Chainlink Investors Offloading Their Assets? Popular crypto analyst Ali Martinez revealed in a post on the X platform that huge amounts of the Chainlink token have made their way to centralized exchanges in the past day. This on-chain observation is based on Santiments Supply on Exchanges metric, which tracks the amount of a particular cryptocurrency being held on centralized exchanges. Related Reading: Little-Known But Important Dogecoin Indicator Goes Off, How High Can It Drive Price? When this metrics value increases, it implies that investors are making more deposits than withdrawals of a cryptocurrency (Chainlink, in this case) into centralized exchanges. A decrease in the metrics value, on the other hand, indicates that holders are moving their coins out of the trading platforms. According to data from Santiment, more than 18.77 million LINK (worth roughly $256.2 million) were transferred to cryptocurrency exchanges in the past day. This substantial transfer represents one of the largest single-day movements for the Chainlink token in recent months.  Interestingly, a report from SpotOnChain revealed that 21 million tokens were unlocked from Chainlinks non-circulating supply contracts on Friday, June 21. Specifically, the contract transferred 2.25 LINK tokens were sent to the multi-sig wallet 0xD50f More notably, 18.25 million LINK tokens were sent to Binance, the worlds largest cryptocurrency exchange. This significant token unlock presents a case of supply inflation, which can impact the value of the token especially if a sell-off occurs. Moreover, these fund movements can precipitate an increase in market volatility and possibly lead to price fluctuations. Given the magnitude and destination of these transfers, there is a greater likelihood of increased selling pressure, which can drive down the price of LINK.  Is A Return To $12 On The Cards? As of this writing, the price of Chainlink is barely holding above $13.6, having declined by more than 3% in the past day. Meanwhile, the altcoin slumped 9% from about $15 to $13.5 over the past week, according to data from CoinGecko. If the recent selling pressure continues, then further decline might be on the horizon for LINKs price. This could see the cryptocurrency make a return to around the $12 price zone for the first time in more than a month. Related Reading: Toncoin Transfer Volume Hits $10 Billion, Social Appeal Soars Nevertheless, the Chainlink token ranks amongst the top 20 largest cryptocurrencies in the sector, with a market capitalization of over $8.27 billion. Featured image from Binance Academy, chart from TradingView

LINKs Market Poised For Clarity: Analyst Awaits Healthy Candles For Scalp Trading

Author: Arslan Tabish
Estonia
Jun 03, 2024 02:30

LINKs Market Poised For Clarity: Analyst Awaits Healthy Candles For Scalp Trading

The popular cryptocurrency analyst Crypto WZRD shared his insight and framework on the current market situation and the outlook on LINK. In a recent post on X, the analyst highlighted that LINK is portrayed to have been trading in a state of confusion, as suggested by the indecisive candle. Thus requiring clearer market signals for […]

Jun 16, 2024 02:30

Chainlink (LINK) Poised for Breakout Amidst Market Recovery: Analyst Eyes $25 Target

Chainlink (LINK) is attracting significant attention from analysts and investors as it teeters on the edge of a potential breakout. Despite experiencing a recent dip, with LINK down nearly 6% in the last week, the token has showcased resilience with a 9% gain over the past 30 days, reflecting a complex interplay of market dynamics. […]

Jun 02, 2024 05:50

Chainlink Is Not Done: Analyst Predicts 300% Rise Against Bitcoin

A crypto analyst has highlighted the Chainlink remarkable resilience amidst market volatility, predicting that the cryptocurrency is getting ready to witness a 300% surge against Bitcoin, the worlds largest cryptocurrency.  Chainlink Poised For 300% Increase Against Bitcoin Chainlink, a decentralized blockchain oracle network has been gaining traction recently, bolstered by the innovative developments within its [...]

The post Chainlink Is Not Done: Analyst Predicts 300% Rise Against Bitcoin appeared first on Crypto Breaking News.

May 10, 2025 12:10

Chainlink Holds Strong At $15.29 Support Is A New Breakout Imminent?

Chainlink (LINK) continues to showcase resilience, holding firm within a well-established uptrend as the price consolidates near a critical support level at $15.29. This zone, which has previously acted as a launchpad for bullish momentum, is once again drawing attention as bulls defend it with determination. The current price action suggests that the market is taking a breather, potentially setting the stage for a fresh leg higher. With bullish sentiment gradually building and support holding steady, speculations are whether LINK can capitalize on this consolidation and ignite its next rally toward higher resistance zones. Why Chainlink Bulls Are Still In Control The current price action reveals that Chainlink has resumed its upward movement following a brief and healthy pullback. After testing the immediate support zone and holding firm above the $15.29 level, the bulls have stepped back in with renewed confidence. LINKs rebound suggests that the temporary pause in momentum was likely a consolidation phase rather than a full-fledged reversal, allowing the market to reset before continuing its ascent. Related Reading: Chainlink (LINK) Targets Rebound To $19 But Only If This Key Support Holds One of the standout bullish signals is LINKs recent break above the 100-day Simple Moving Average (SMA). This moving average often acts as a dynamic resistance in downtrends, and a successful close above it suggests a potential trend reversal or continuation of bullish momentum. Such a move typically garners the attention of technical traders, increasing the likelihood of follow-through buying pressure. Further confirmation comes from the MACD (Moving Average Convergence Divergence) indicator, which has now made a bullish crossover and climbed above the zero line. This momentum shift reflects a strengthening buying trend and hints that LINK could be gearing up for a broader breakout. If the current setup holds, LINK may soon challenge higher resistance zones, opening the door for a sustained rally. What Could Derail The Uptrend? While Chainlink shows promising signs of continuing its uptrend, the bullish momentum is still at risk. A failure to hold above the immediate support at $15.29 could invite increased selling pressure and signal a potential shift in sentiment. If bears push the price below this level, a deeper retracement toward the next major support zones is probable. Related Reading: Chainlink Shake-Up: Investors Pull $120 Million From Exchanges Additionally, overbought signals from momentum indicators such as the RSI might suggest exhaustion among buyers if they begin to flash warning signs. A bearish crossover or weakening in the MACD could further confirm waning strength. Traders should also be cautious of broader market volatility or negative macroeconomic developments, which can weigh heavily on sentiment even for technically strong assets like LINK. Keeping an eye on volume and price reaction at key levels will be critical to assess whether the uptrend remains intact or is at risk of faltering. Featured image from Pixabay, chart from Tradingview.com

May 06, 2025 02:30

LINK Cracks Key Support, Eyes $13 Amid Mounting Sell-Off

Chainlink (LINK) ended the volatile week of trading on a clear bearish bias, falling below the $14 level as bearish sentiment controlled the market. LINK found it difficult to hold its ground in the face of general market volatility. The token started the week trading higher at prices around $15 but soon came under intense […]

May 30, 2024 02:30

Chainlinks Bullish Rebound Signals Potential Price Surge; Analyst Eyes 150-300% Gain

Chainlink (LINK) is riding high within an uptrend move after bouncing from a new support area, a move that has followed the important breach above the critical barrier level. Soon after LINK managed to break past this resistance, it performed a detailed retest of the level, thereby confirming it as a solid support level. This […]

May 28, 2024 05:50

Chainlink-SWIFT Partnership Update Looms: LINK Is Set To Skyrocket

As the Consensys 2024 conference commences this week in Austin, Texas, the LINK community is abuzz with anticipation over a potential pivotal announcement from Chainlink in collaboration with SWIFT. Speculations are rife that this announcement, set for May 30 during a session on tokenization, could significantly influence LINKs market performance. Chainlink And Swift Partnership Going [...]

The post Chainlink-SWIFT Partnership Update Looms: LINK Is Set To Skyrocket appeared first on Crypto Breaking News.

Chainlink price hits 6-week high, is $20 LINK the next stop?

Author: Cointelegraph by Nancy Lubale
United States
May 25, 2024 12:00

Chainlink price hits 6-week high, is $20 LINK the next stop?

LINKs double-digit rally is backed by increasing network activity and a bullish technical setup.

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