Notable

Chainlink

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/chainlink-link-exhibits-notable-price-surge-and-market-volatility/" data-wpel-link="internal">Chainlink (LINK) Exhibits Notable Price Surge and Market Volatility</a><br></p>
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/chainlink-launches-cross-chain-interoperability-protocol-on-mainnet/" data-wpel-link="internal">Chainlink</a> (LINK)</strong> price exhibited a notable uptrend at the beginning of 2024, with LINK’s market value showing an impressive increase of over 100%. Nevertheless, the cryptocurrency recently faced some downward trends and recorded a weekly decline of 3%. However, last weekend Chainlink demonstrated a significant recovery by surpassing the critical $14.50 limit.</p> 
<h2 id="increasing-trading-volume-in-chainlink">Increasing Trading Volume in Chainlink</h2> 
<p style="text-align: justify">Since November 2023, Chainlink’s price has fluctuated between $13 and $17, with bulls and bears struggling to lead the market. The altcoin’s performance reflects the broader market volatility, a common feature in the crypto world. As of the current position, <strong>Chainlink</strong>‘s trading volume has risen sharply, registering a significant increase of 30%, exceeding $390 million. This increase in trading volume could indicate a rise in investor interest. With a market value surpassing the $8.35 billion threshold, Chainlink continues to solidify its position among the top 20 cryptocurrencies by market value.</p> 
<p style="text-align: justify">The weekly chart analysis of Chainlink’s price reveals a significant uptrend that started in July 2023. This positive trend gained momentum in October, breaking a major descending resistance line that had been present for a long time. This breakout indicates a strong change in market dynamics for <strong>LINK</strong>, signaling a shift in investor confidence and market sentiment towards the <strong>cryptocurrency</strong>.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-308785 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/link-3.webp" alt="" width="1224" height="643"></p> 
<h2 id="critical-formation-in-link">Critical Formation in LINK</h2> 
<p style="text-align: justify">In the last week of December, the <strong>Chainlink</strong> price reached a new yearly high of $17.68. However, after this peak marked by two distinct upper wicks and a lower high formation, the price experienced a decline. This pattern highlights a resistance area that has been persistent over time. The downward correction after reaching the year’s highest level could indicate a revision of market strength at these high price levels.</p> 
<p style="text-align: justify">Chainlink’s price was recently the subject of a notable prediction by a well-known cryptocurrency expert and founder of the trading education platform MN Trading, Michael van de Poppe. Van de Poppe shared his insights via a tweet, suggesting that <strong>LINK</strong> is poised to reach the $25 level. This prediction stems from the cryptocurrency’s consistent performance at significant support levels and may indicate a strong underlying market sentiment and significant growth potential.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/chainlink-link-exhibits-notable-price-surge-and-market-volatility/" data-wpel-link="internal">Chainlink (LINK) Exhibits Notable Price Surge and Market Volatility</a></h5>

Chainlink (LINK) Exhibits Notable Price Surge and Market Volatility

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