United

2024

Chainlink

<p>The post <a href="https://coinpedia.org/price-analysis/chainlink-price-analysis-here-are-potential-link-price-targets-in-the-next-two-months/" rel="noopener noreferrer nofollow">Chainlink Price Analysis: Here Are Potential LINK Price Targets in the Next Two Months</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
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 <li><strong>Chainlink price has consolidated between $13 and $17 since mid-November last year, thus an imminent breakout on the horizon.</strong></li>
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<ul>
 <li><strong>A potential breakout could happen on either side but crypto analyst AlanSantan believes a possible correction is inevitable.</strong></li>
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<ul>
 <li><strong>Chainlink ecosystem has continued to grow in the past amid the mass adoption of Web3 products.</strong></li>
</ul>
<p>Chainlink (LINK) network, a crucial blockchain ecosystem that provides reliable decentralized oracle data and enables seamless multichain interoperability, has attracted significant attention from crypto investors in the recent past. The mid-cap altcoin with a market cap of about $8.6 billion has an average daily trading volume of about $643 million. The notable trading volume has been fueled by a sharp uptick in the number of Chainlink addresses, about 713k LINK wallets, holding more than zero LINKs. According to on-chain data analysis provided by Santiment, Chainlink has been enjoying mild decoupling from the altcoin market as the ratio of LINK on exchanges hit its 4-year low, thus indicating more demand.</p>
<h2 class="wp-block-heading" id="h-experts-take-on-link-bearish-perspective-nbsp">Experts Take on LINK Bearish Perspective&nbsp;</h2>
<p>According to a popular crypto analyst alias AlamSantana, Chainlink’s price is on the cusp of a major correction in the near term. The crypto analyst argued that the LINK price has been forming lower highs amid low trading volume, a characteristic of a falling trend. With a timeline of four weeks, the crypto analyst <a href="https://www.tradingview.com/chart/LINKUSD.P/d5aJVIVa-ChainLink-6X-Short-290-Potential-For-Advanced-Traders/" rel="noopener noreferrer nofollow">expects</a> the LINK price to drop below $10 unless the bulls push the instrument above the resistance level of around $17.68.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/rnr_QJX_5OK6pBTtMwGCHGbUzNEMI8dDQF5SWxkEuUEs7ExKmqtTYh7OmnHOI0w1aqqR7iY_3bIm9lwR83a-NfSI3LXvovKbI2w0Hzmd88QqJTfZ3JEP_NpYcLWFgKxHASNEXBFBsH1ooRZgcMjHd2U" alt="">
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<h2 class="wp-block-heading" id="h-bearish-scenario">Bearish Scenario</h2>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Chainlink</a> has built a solid demand zone between $14.8 and $15.2, where 17,650 addresses bought 85.12 million <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LINK</a>. With the lack of resistance ahead, <a href="https://twitter.com/hashtag/LINK?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#LINK</a> could be positioned to advance toward $20. <a href="https://t.co/jJwfVbM4eE" rel="noopener noreferrer nofollow">pic.twitter.com/jJwfVbM4eE</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1746888570441277576?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 15, 2024</a>
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<p>Chainlink price could easily continue with the bullish momentum that began during the fourth quarter of 2023 amid the anticipated altcoin rally. Furthermore, Bitcoin price has struggled to rally post-spot ETF approval in the United States. According to a popular crypto analyst, Ali Martinez, LINK’s price is well positioned to reach $20 in the near term fueled by more buyers in the demand zone between $14.8 and $15.2.</p>

Chainlink Price Analysis: Here Are Potential LINK Price Targets in the Next Two Months

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