Convergence

Token

Chainlink

<![CDATA[<figure class="image"><img src="https://cimg.co/news/125834/332275/link.jpg" srcset="https://cimg.co/news/125834/332275/responsive-images/link___media_library_original_1723_947.jpg 1723w, https://cimg.co/news/125834/332275/responsive-images/link___media_library_original_1200_660.jpg 1200w, https://cimg.co/news/125834/332275/responsive-images/link___media_library_original_900_495.jpg 900w, https://cimg.co/news/125834/332275/responsive-images/link___media_library_original_720_396.jpg 720w, https://cimg.co/news/125834/332275/responsive-images/link___media_library_original_600_330.jpg 600w, https://cimg.co/news/125834/332275/responsive-images/link___media_library_original_300_165.jpg 300w" width="1723" class="content-img" alt=""></figure><a href="https://www.tradingview.com/symbols/LINKUSD/">Chainlink (LINK)</a> has completed a bullish falling wedge pattern on the weekly timeframe, gaining nearly 14% over the past week and trading at $7.418 with a volume of $2.70 million.&nbsp;Additionally, <a href="https://cryptonews.com/news/pepe-coin-gains-9-7-days-as-one-of-web3s-hottest-new-gaming-platforms-draws-135k-presale.htm">Meme Kombat's Battle Token</a> has crossed $150k in presale. The crypto community is closely watching for potential market shifts and opportunities.<h2 id="strong-chainlink-link-price-prediction-strong">Chainlink (LINK) Price Prediction</h2>Shifting our focus to the daily chart, several key price levels stand out. The pivot point for LINK is firmly set at $7.418.&nbsp;Key Price Levels: On the upside, resistance levels are marked at $9.066, $9.957, and $12.494. On the downside, support can be found at $6.549, followed by stronger supports at $4.901 and $2.385.Indicators Signal Potential Price Correction: Regarding technical indicators, the RSI (Relative Strength Index) presents an interesting picture. Its current value is at 72, indicating that <a href="https://cryptonews.com/coins/chainlink/">Chainlink</a> is in the overbought territory. Such a high RSI typically signals a potential price correction in the near future.<figure class="image"><img src="https://cimg.co/news/125834/332275/link.jpg" alt="" srcset="https://cimg.co/news/125834/332275/responsive-images/link___media_library_original_1723_947.jpg 1723w, https://cimg.co/news/125834/332275/responsive-images/link___media_library_original_1200_660.jpg 1200w, https://cimg.co/news/125834/332275/responsive-images/link___media_library_original_900_495.jpg 900w, https://cimg.co/news/125834/332275/responsive-images/link___media_library_original_720_396.jpg 720w, https://cimg.co/news/125834/332275/responsive-images/link___media_library_original_600_330.jpg 600w, https://cimg.co/news/125834/332275/responsive-images/link___media_library_original_300_165.jpg 300w" sizes="100vw" width="1723" class="content-img"><figcaption>Chainlink (LINK)&nbsp;Price Chart - Source: Tradingview</figcaption></figure>The MACD (Moving Average Convergence Divergence), another crucial indicator, has a value of 0.146 with a signal line at 0.455. This formation suggests that there might be potential downward momentum on the horizon.However, on a brighter note, Chainlink's price is trading above its 50-day Exponential Moving Average (50 EMA) of $6.849, hinting at a prevailing short-term bullish trend.<figure class="media"><oembed url="https://twitter.com/forex_arslan/status/1708450540877984220?s=20"></oembed></figure>Examining the chart patterns, Chainlink is currently grappling with a downward trendline resistance at $8.253. A successful bullish breakout above this level could pave the way for an encouraging upward journey, targeting the next resistance levels.&nbsp;Conversely, any failure to sustain above this price point might trigger selling pressures, potentially pulling LINK's price downwards.<h3 id="strong-summing-up-strong">Summing Up&nbsp;</h3>To conclude, the immediate future of Chainlink seems to be hanging in the balance at the $8.253 level. A sustained push above this level could open the doors to a bullish phase, while any pullback below this mark could indicate bearish sentiments.<h2 id="strong-meme-kombat-the-latest-web3-gaming-platform-that-raised-165k-in-presale-strong">Meme Kombat: The Latest Web3 Gaming Platform That Raised $165k in Presale</h2>Merging meme concepts with combat gaming, Meme Kombat is a new introduction that guarantees players two sources of earnings - active and residual.&nbsp;The <a href="https://memekombat.io/tr/staking">staking APY</a> for the token is currently at an impressive 112%. The project's financial framework is centred around the Meme Kombat Token ($MK), as emphasized in the <a href="https://memekombattoken.gitbook.io/meme-kombat-whitepaper/">whitepaper</a>.&nbsp;Staking is one of the main features of the Meme Kombat platform, providing cryptocurrency enthusiasts with a reliable source of passive income through APY.&nbsp;<figure class="media"><oembed url="https://twitter.com/forex_arslan/status/1708451212910362933"></oembed></figure>Users can securely link their <a href="https://cryptonews.com/guides/best-decentralized-crypto-wallets.htm">crypto wallets</a> to the platform and stake their $MK tokens. A portion of the token supply, equivalent to 30%, has been reserved for staking and rewarding players within the game.&nbsp;This strategy incentivises users to hold onto their tokens, promoting stability. After the initial 14-day staking period, users can withdraw their tokens or keep staking to continuously receive the benefits of the APY.<figure class="image"><img src="https://cimg.co/news/125834/332276/screenshot-24.jpg" alt="" srcset="" width="" class="content-img"></figure>Multiple features are set to be launched by the platform from October to November 2023.&nbsp;One of the key features is the debut of Meme Kombat Season 1, aimed at keeping players interested. Players can look forward to the release of Meme Kombat 2 by the end of 2023, which will come with improved gameplay features.<a href="https://cryptonews.com/ext/memekombat">Visit Meme Kombat Here</a>Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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Chainlink Completes Falling Wedge on Weekly Timeframe While P2E Battle Token Crosses $150k in Presale

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