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The post <a href="https://coinpedia.org/price-analysis/hyped-expectations-around-link-price-teases-bull-run-to-20/" rel="noopener noreferrer nofollow">Hyped Expectations Around LINK Price Teases Bull Run To $20!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
With Bitcoin ready to sustain the uptrend, the altcoins are ready to skyrocket and get a move ahead before the 2024 bull run starts. Ranking high amongst the top performers, Chainlink’s LINK price regains the bullish trend.&nbsp;
Following a short-term consolidation pullback, Chainlink’s price trend forms higher low formations and exceeds the psychological mark of $15. Therefore, with buyers gaining more confidence in Chainlink, the <a href="https://coinpedia.org/price-prediction/chainlink-price-prediction/" rel="noopener noreferrer nofollow">LINK price prediction</a> suggests a new sprint to $20.&nbsp;
<figure class="wp-block-image"><img decoding="async" width="1600" height="770" src="https://image.coinpedia.org/wp-content/uploads/2023/12/02142140/image-7.png" alt="" class="wp-image-250709" srcset="https://image.coinpedia.org/wp-content/uploads/2023/12/02142140/image-7.png 1600w, https://image.coinpedia.org/wp-content/uploads/2023/12/02142140/image-7-300x144.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/12/02142140/image-7-1024x493.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/12/02142140/image-7-768x370.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/12/02142140/image-7-1536x739.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/12/02142140/image-7-150x72.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure>
Source – <a href="https://www.tradingview.com/x/EZNXvFvu/" rel="noopener noreferrer nofollow">Tradingview</a>
With an almost 10% jump in the last 48 hours, the LINK price action forms consecutive bullish engulfing candles. Moreover, the rise in the intraday trading volumes supports the ongoing recovery and teases a longer uptrend.&nbsp;
Currently trading at $15.833, the LINK price action hints at a bullish trend continuation. Further, the daily chart shows a rounding bottom pattern with a neckline at $16.56 and the increasing trend momentum teases a bullish break.&nbsp;
In the 4H chart, the Chainlink price trend reflects a range breakout with the $15 breakout and signals an entry opportunity. Proving a breakout entry, the LINK price may soon reach the $20 mark.&nbsp;
Technical indicators:
EMA: The bullish trend in the Chainlink prices influences a positive spike in the 50-day EMA. The uptrend grows stronger with the increasing gap between the 50-day and 200-day EMA.&nbsp;&nbsp;
RSI indicator: The momentum indicator shows the daily RSI line sustaining the positive trend.&nbsp;
<h2 class="wp-block-heading" id="h-will-link-price-reach-20">Will LINK Price Reach $20?</h2>
The LINK price has made a remarkable resurgence in 2023, becoming one of the best-performing altcoins in recent weeks. With a year-to-date gain of 189%, Chainlink continues to power its bullish rally on increasing demand.
In addition, with renewed and increasing interest from whales in the altcoin, there is a bullish run to $15 and beyond. If the uptrend continues above the $15 level, the altcoin can reach $20. However, a reversal below $15 could result in a retest of the $12 level.

Hyped Expectations Around LINK Price Teases Bull Run To $20!

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