Chainlink

Coin

<ul class="news-points"> 
 <li>LINK has formed a bullish pennant pattern, indicating that a move to $13.38 is possible.</li> 
 <li>For the long term, market players should look at entries around $9.67 if LINK drops.</li> 
 <li>LINK may retest $11.46 but the token may fail to hold on to the price.</li> 
</ul> 
The price of <a href="https://coinedition.com/chainlink-link-bulls-face-resistance-as-optimism-fades/">Chainlink (LINK)</a> has stalled after the token made an incredible 46% increase in the last 30 days. At press time, LINK exchanged hands at $11.30. However, Chainlink still has incredible growth potential, according to pseudonymous trader Cryptonary. 
<h2 class="wp-block-heading" id="h-another-downturn-is-possible">Another downturn is possible&nbsp;</h2> 
Cryptonary, in his post on X (formerly Twitter), mentioned that LINK’s correlation with <a href="https://coinedition.com/bitcoins-uptober-rally-succumbs-to-profit-taking-as-bears-dominate/">Bitcoin (BTC)</a> may drive a correction for the token. However, the analyst also disclosed that the possible drawdown could be a good position to buy LINK. 
Using the bullish pennant pattern, Cryptonary noted that $9.67 could be a good entry point if traders aim to target $13.38 and $17.74 in the mid-term. 
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 What's Next for <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$LINK</a> | Chainlink Analysis While Bitcoin's performance often takes centre stage, LINK has a story of its own to tell. Chainlink looks due for some downside. If we get this move down, it should send LINK to an area for a …
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The post <a href="https://coinedition.com/can-chainlink-link-reach-17-74-after-a-slight-correction/">Can Chainlink (LINK) Reach $17.74 After a Slight Correction?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Can Chainlink (LINK) Reach $17.74 After a Slight Correction?

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