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The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/link-price-analysis-surpassing-12-is-link-teasing-a-retest/">LINK Price Analysis: Surpassing $12, Is LINK Teasing A Retest?</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
As Bitcoin remains close to the $35K barrier and the November 9th Deadline for the SEC vs. Ripple bears no fruit, altcoins take a small hit. However, the LINK price action continues to sustain the uptrend momentum and crosses above the $12 mark.&nbsp; 
Therefore, with a year-to-date return of 135%, the <a href="https://coinpedia.org/price-prediction/chainlink-price-prediction/">LINK price prediction</a> suggests a rise in demand.&nbsp; 
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Coming back stronger than ever, the LINK price action showcases a year-long channel breakout for a trend reversal. The altcoin finds a significant rise in trading volume and activity of whales leading to such high speed uptrend.&nbsp; 
As per LookOnChain, a crypto whale has gathered a notable amount of 312,901 LINK tokens, at approximately $3.81 million. 
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 A smartmoney bought 312,901 <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LINK</a>($3.81M) at an average price of $12.17 in the past 8 hours. This smart money has previously traded 10 tokens with a total profit of more than $3.9M. Made ~$2.15M on <a href="https://twitter.com/search?q=%24RLB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$RLB</a> and ~$1.8M on <a href="https://twitter.com/search?q=%24FLEX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FLEX</a>. <a href="https://t.co/rCfALoczVX">pic.twitter.com/rCfALoczVX</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1721359829728661903?ref_src=twsrc%5Etfw">November 6, 2023</a>
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The sharp uptrend in the Chainlink price breaks above an ascending resistance trendline, highlighting a strong breakout. Further, the uptrend rises above the crucial mark of $12 but showcases a potential retest possibility.&nbsp; 
Currently trading at $13.035, the LINK price action hints at the formation of a Doji candle, teasing a potential evening star to retest a $12 breakout.&nbsp; 
Technical indicators: 
EMA: The bullish trend in the Chainlink prices influences a positive spike in the 50-day EMA. With the increasing gap between the 50-day and 200-day EMA, the uptrend grows stronger.&nbsp;&nbsp; 
MACD indicator: The momentum indicator shows the MACD and signal lines avoiding a crossover event and sustaining the positive trend.&nbsp; 
<h2 class="wp-block-heading" id="h-will-link-price-reach-15">Will LINK Price Reach $15?</h2> 
Giving a notable comeback in 2023, the LINK price has become one of the Top-performing altcoins in the last few weeks. With a 119% jump in the last two months, Chainlink continues to uphold the bullish rally with increasing demands.&nbsp; 
Moreover, with the refreshed and rising interests of whales in the altcoin teases, a bull run to $15 and even higher. If the uptrend sustains above the $12 mark with a retest, the altcoin can reach the $15 mark. However, a reversal under $12 can result in a retest of the $10 mark.

LINK Price Analysis: Surpassing $12, Is LINK Teasing A Retest?

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