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The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/link-price-analysis-will-link-finally-hit-a-home-run-to-10/">LINK Price Analysis: Will LINK Finally Hit A Home Run To $10?</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
With Bitcoin stepping closer to $30,000, the altcoins market is on a bullish roll to climb higher. Reaching almost double-digit gains, the Chainlink prices display a similar trend in motion to exit the long-term bearish channel.&nbsp; 
With heightened chances of a breakout, the <a href="https://coinpedia.org/price-prediction/chainlink-price-prediction/">LINK price prediction</a> is projecting a stronger bullish side.&nbsp; 
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 <img decoding="async" width="1024" height="478" src="https://image.coinpedia.org/wp-content/uploads/2023/10/21160148/LINKUSD_2023-10-21_15-00-40-1-1024x478.png" alt="" class="wp-image-238732" srcset="https://image.coinpedia.org/wp-content/uploads/2023/10/21160148/LINKUSD_2023-10-21_15-00-40-1-1024x478.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/10/21160148/LINKUSD_2023-10-21_15-00-40-1-300x140.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/10/21160148/LINKUSD_2023-10-21_15-00-40-1-768x359.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/10/21160148/LINKUSD_2023-10-21_15-00-40-1-1536x718.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/10/21160148/LINKUSD_2023-10-21_15-00-40-1-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/10/21160148/LINKUSD_2023-10-21_15-00-40-1.png 1952w" sizes="(max-width: 1024px) 100vw, 1024px">
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Taking a bullish reversal from the 50-day EMA, the LINK price trend is rising higher with increased momentum. Leading to rounding bottom reversal, the <a href="https://coinpedia.org/altcoin/long-term-holders-accumulate-chainlink-link-as-its-price-declines-will-link-price-head-toward-10/">Chainlink price</a> action is on the verge of completing the cup and handle pattern in the daily chart.&nbsp; 
Making two consecutive bullish candles to give an 8% jump, the LINK price is approaching the overhead declining trendline. Moreover, the golden crossover fuels the breakout possibility as the overall market recovers.&nbsp; 
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 <img decoding="async" width="1024" height="478" src="https://image.coinpedia.org/wp-content/uploads/2023/10/21160147/LINKUSD_2023-10-21_15-32-10-1-1024x478.png" alt="" class="wp-image-238731" srcset="https://image.coinpedia.org/wp-content/uploads/2023/10/21160147/LINKUSD_2023-10-21_15-32-10-1-1024x478.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/10/21160147/LINKUSD_2023-10-21_15-32-10-1-300x140.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/10/21160147/LINKUSD_2023-10-21_15-32-10-1-768x359.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/10/21160147/LINKUSD_2023-10-21_15-32-10-1-1536x718.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/10/21160147/LINKUSD_2023-10-21_15-32-10-1-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/10/21160147/LINKUSD_2023-10-21_15-32-10-1.png 1952w" sizes="(max-width: 1024px) 100vw, 1024px">
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Showcasing a stronger comeback in the weekly chart, a bullish engulfing candle teases a breakout rally shortly. With support from the 50-week EMA, the bullish comeback rises to challenge the overhead trendline with an early high-speed reversal. 
Technical indicators: 
EMA: In the daily chart, the 50 and 200 EMAs give a golden crossover and sustain a positive alignment.&nbsp; 
RSI indicator: The daily RSI line spikes from the halfway line to approach the overbought territory and reflects stronger buying pressure.&nbsp;&nbsp; 
Also Read: <a href="https://coinpedia.org/altcoin/top-10-altcoins-under-1-to-watch-for-explosive-growth/">Top 10 Altcoins Under $1 to Watch for Explosive Growth</a> 
<h2 class="wp-block-heading" id="h-will-link-prices-crash-within-the-channel">Will LINK Prices Crash Within The Channel?</h2> 
As of now, the LINK price action shows strong bullish momentum, with the trend reversal rally increasing the chances of a prolonged uptrend. To make things even better, the overall market recovery is projecting a high likelihood of the uptrend continuing. 
Therefore, with a bullish reversal from the 50-week EMA, the chances are improving for holders and sideline buyers to reclaim trend control. If the buyers can break the trendline, the uptrend will reach the $10 mark.&nbsp; 
On the other hand, the rejection rally will find crucial support levels at the $8 and $7 marks.&nbsp;

LINK Price Analysis: Will LINK Finally Hit A Home Run To $10?

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