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The post <a href="https://coinpedia.org/price-analysis/link-price-jumps-big-will-chainlink-hold-its-gains-over-the-weekend-or-plunge/" rel="noopener noreferrer nofollow">LINK Price Jumps Big! Will Chainlink Hold Its Gains Over The Weekend Or Plunge?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The Chainlink price has gained significant attention from investors over the past months after the excitement for the Real World Assets (RWA) sector took a rise, which resulted in acting as an excellent catalyst for the Link price.
Further, the LINK token has added over 15% within the past day and added over 30% during the past week, indicating a strong bullish influence for the coin in the crypto space.
The <a href="https://coinpedia.org/price-prediction/chainlink-price-prediction/" rel="noopener noreferrer nofollow">Chainlink price</a> traded in a narrow space between $14.710 and $15.411 for a while, following which the bulls attempted a breakout, but the bears overpowered the bulls, resulting in a correction of 14.5% in valuation. After this, the price traded between $13.658 and $14.710 for a while.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/KqOmLdmEot7AMZosiVsg7_bkKUqqV-uIGqxKpEYnnx03itwtDySbWCcWGGqJG48HMTtY2JF8mXK67ZTx-0e4uz8sxJH0xh0ZpEBnY_Ot4HZwMYeSo130TFcJGOW0GFWCP2dqY_PruMlP3NNFR4tIkqM" alt="Chainlink Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: LINK/USDT
 </figcaption>
</figure>
As the market volatility grew, the LINK price broke down its support level and traded sideways for a while. Following multiple attempts to break, the bulls successfully regained momentum and jumped approximately 15 % before facing rejection below $14.710.
After this, due to increased price fluctuations in the market, the LINK token bounced between $13.658 and $16.477 for almost two weeks. Following this, the bears regained power, and the LINK coin price recorded a loss of over 17% within the next few days. The LINK price traded between $13.658 and $14.710 for a brief period.
Following this, the price recently regained momentum and recorded a breakout in the chart. The Chainlink price experienced a Golden Cross on its Cross EMA 50/200-day indicator, resulting in the price jumping over 15% within the early trading hours today.
<h2 class="wp-block-heading" id="h-will-link-price-hit-20-soon">Will LINK Price Hit $20 Soon?</h2>
The MACD displays a rising green histogram, indicating an increase in the buying pressure in the market. Further, the averages show a sharp rise, suggesting the price will continue gaining value in the coming time.
If the market holds the price above the support level of $17.677, the bulls will regain momentum and test its resistance level of $18.746. Maintaining the price at that level will set the stage for Chainlink coin to attempt to test its upper resistance level of $20 this month.
Conversely, if a trend reversal occurs, the LINK price will lose momentum and fall to test its support level of $16.477 this week. Moreover, if the bears continue to dominate the market, it will further plunge and prepare to test its lower support level of $15.411 in the coming days.

LINK Price Jumps Big! Will Chainlink Hold Its Gains Over The Weekend Or Plunge?

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