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Chainlink

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 <p>Chainlink (LINK) now finds itself at a critical juncture, with its price up against a major resistance level that could determine its next major move. LINK has seen significant volatility in recent months, breaking a long period of consolidation. However, the path ahead remains unclear as bullish and bearish signals battle for dominance.</p>
 <p><a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> spent over 14 months trading below the symbolic $10 level before finally breaking higher in late 2022. This surge saw <a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> reclaim double-digit prices after much anticipation. Yet after piercing through the $17 region close to the year’s end, <a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> soon retreated rapidly. It now tests a pivotal resistance for the fourth time, near $16.60.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="576" src="https://cdn.thebittimes.com/images/2024/01/19/20b75098ac57e46dd5681baa1fc172a3.webp" alt="Chainlink Weekend Price: Will LINK Enter Bearish Trend?" class="wp-image-38565" srcset="https://cdn.thebittimes.com/images/2024/01/19/20b75098ac57e46dd5681baa1fc172a3.webp 1024w, https://cdn.thebittimes.com/images/2024/01/19/20b75098ac57e46dd5681baa1fc172a3.webp 300w, https://cdn.thebittimes.com/images/2024/01/19/20b75098ac57e46dd5681baa1fc172a3.webp 768w, https://cdn.thebittimes.com/images/2024/01/19/20b75098ac57e46dd5681baa1fc172a3.webp 380w, https://cdn.thebittimes.com/images/2024/01/19/20b75098ac57e46dd5681baa1fc172a3.webp 550w, https://cdn.thebittimes.com/images/2024/01/19/20b75098ac57e46dd5681baa1fc172a3.webp 800w, https://cdn.thebittimes.com/images/2024/01/19/20b75098ac57e46dd5681baa1fc172a3.webp 1160w, https://cdn.thebittimes.com/images/2024/01/19/20b75098ac57e46dd5681baa1fc172a3.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p><strong>Also read: Chain<a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> (<a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a>) Weekly Price Prediction</strong></p>
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 <h2 class="wp-block-heading" id="h-will-chainlink-enter-a-bearish-trend"><strong>Will Chainlink enter a bearish trend?</strong></h2>
 <p>LINK’s price has been bouncing within what experts call a “distribution phase,” forming lower highs and declining trading volumes. The recent bullish breakout reversed at the $17.60 level post-Christmas, sparking fears of a distribution consolidation.</p>
 <p>Some analysts remain cautiously optimistic, pointing to a key support area around $10.25 that could halt any deep pullbacks.</p>
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 <p>However, bearish signals in <a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a>’s Ichimoku chart and its broader failure to sustain above its 50-day simple moving average indicate growing downside risks. A continuation of this breakdown could pave the way for a drop towards or even below $8.</p>
 <p><strong>Also read: How the Bitcoin ETF Launch Could Fuel Altcoin Rallies?</strong></p>
 <p>Cryptocurrency experts at&nbsp;Changelly&nbsp;have given their price prediction for Chainlink for the weekend. According to the analysts, LINK is forecast to reach a minimum of $15.84 and a maximum of $21.65 this weekend. The average price of LINK is expected to reach $16.</p>
 <p>If <a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> closes firmly above $17.68, analysts project a fresh bout of upside, unlocking new highs. However, failure to conquer resistance could confirm the start of a deeper bearish trend. <a rel="noopener noreferrer nofollow" title="LINK" href="https://thebittimes.com/tag/link.html">LINK</a> has proven sensitive to broader crypto market moves, meaning Bitcoin’s trajectory could also prove decisive.</p>
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 <ul>
  <li>chainlink</li>
  <li>LINK</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/chainlink-weekend-price-will-link-enter-bearish-trend-tbt77026.html">https://thebittimes.com/chainlink-weekend-price-will-link-enter-bearish-trend-tbt77026.html</a></p>

Chainlink Weekend Price: Will LINK Enter Bearish Trend?

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