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Chainlink (LINK) is facing some resistance following a short-term rise out of a bearish phase The altcoin is trading just over $13.50 at press time, down 3% in the last 24 hours. The asset had previously surged after US President Donald Trump announced plans for the country’s first crypto reserve. Although LINK was not named, the president noted that it would include “other valuable cryptocurrencies” to purchase to make up the reserve. Despite appearing to have hit a resistance of $14, Chainlink LINK’s price shows signs of a potential reversal. The coin is forming a hammer candlestick and retesting a rising channel’s lower boundary, forming higher lows. This could be a sign that a reversal is approaching. If bullish momentum picks up, LINK could rise to $24 in the short term, aligning with the daily 1.618 Fibonacci retracement level. However, if the price falls below $13 and stays there, further losses toward $10 may follow. With LINK incredibly volatile, it’s hard to ...

Chainlink (LINK) had a slow start to 2025, which is impacting price predictions for the asset this year. Investors are still mostly bullish on LINK, however, and several analysts are noting indicators of a bullish rally coming. Chainlink ended January up 15%, reversing a downward start to the month. Now, February could see plenty of green around the altcoin. In the near term, there is plenty of optimism for LINK. One analyst went to Binance to reveal how a “massive rally” around the token is in the cards. Realmabbaskhan on Binance Square says that now may be the best time to pay attention to Chainlink and potentially invest. “Looking at the 4-hour chart, LINK is showing strong bullish momentum, and the next big move could take prices well above $30,” the analyst says. The trader notes that the asset is putting up good signals. “The price is trading above both the 20 EMA (24.271) and 200 EMA (23.377). Every time LINK has reclaimed the 200 EMA in the past, we...

One of the biggest stories over the tail end of 2024 was the emergence of Chainlink (LINK), with experts now saying the cryptocurrency has a $60 upside amid the anticipated arrival of the 2025 bull market. The asset class is expected to surge, with traders believing the 13th largest crypto by market cap could be one of the biggest winners. There is no denying that interest in LINK has grown. The token’s value has grown, but so too have traders’ stashes. Specifically, data from IntoTheBlock shows that the total balance by holdings increased from $15.2 billion to $20.57 billion over the course of the last year. Moreover, it peaked at a 52-week high of over $29 billion. Altogether, it serves as part of the solid evidence of where the crypto could be headed over the next several months. Source – BTC-ECHO Also Read: Chainlink: LINK Up 53% This Year as January Preps Record-Breaking 2025 Chainlinnk to be Star of 2025 Bull Run? LINK Eyes New All-Time High This Year With the ho...

Chainlink (LINK) has witnessed a healthy turnaround over the last day. LINK has rallied by 9.5% in the daily charts, 8.9% in the weekly charts, and 12.7% in the 14-day charts. This price prediction will dive deep into the details. The asset continues to glow red in the monthly charts, falling 19.7% over the last 30 days. Let’s look at how high LINK could go by the end of this month. Also Read: Chainlink: LINK Forms Pattern That Could Trigger 27% Rally to $18 Source: CoinGecko Why the Latest Turnaround? LINK is probably following Bitcoin’s (BTC) lead. The original cryptocurrency has reclaimed the $61,000 level, and investor sentiment also seems to be high. Also Read: Chainlink (LINK) Set to Surge: Will It Hit $12.10 Soon? Investors and traders will most likely expect a dovish stance from the Federal Reserve. Many also anticipate the Fed cutting interest rates very soon, given that inflation in the US has cooled over the last few months and is inching closer to the central ban...

As the highly anticipated Bitcoin halving event draws near, Watcher Guru’s live countdown indicates just 15 hours until the milestone.  Among the coins garnering significant attention is Chainlink (LINK), a decentralized oracle network that has become a crucial component of the decentralized finance (DeFi) ecosystem. Currently trading at $13.21, LINK has experienced a 26% decline in the last seven days, with a 24-hour trading range of $12.84 to $13.94 and a 7-day range of $12.25 to $17.75. Despite the recent downtrend, many experts and analysts are optimistic about Chainlink’s future prospects, particularly in light of the upcoming Bitcoin halving. Source: CoinGecko Also read: Cryptocurrency: Top 3 Coins That Could 10X In The Bull Run Chainlink’s Price Forecast for April 2024 According to Chainlink’s price fluctuations at the beginning of 2023, Changelly experts have provided a forecast for LINK’s performance in April 2024. They e...