Chainlink

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 <p>Crypto analyst and trader Ali Martinez believes Chainlink (LINK) could soon move another leg up.</p>
 <p>Martinez tells his 42,400 followers on the social media platform X that the decentralized oracle network Chainlink could break through a key resistance level and soar to $26.87.</p>
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 <p><em>“Chainlink faces stiff resistance between $19.40 and $20.03, where 5,330 addresses hold over 8.59 million LINK. But if LINK can break through this supply wall, the next critical area of resistance is around $26.87, representing a 38% price increase!”</em></p>
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      Source: Ali Martinez/X
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 <p>The trader’s chart tracks the In/Out of the Money Around Price (IOMAP) for LINK, a metric that helps identify a particular digital asset’s support and resistance levels.</p>
 <p>Other traders are also bullish on Chainlink.</p>
 <p>Pseudonymous analyst Rekt Capital believes Chainlink is in an uptrend, but that it could dip to retest support levels before continuing higher.</p>
 <p><em>“Breakout confirmed. Any dips into the top of the re-accumulation range (if they happen at all) would likely act as a retest attempt before further trend continuation.”</em></p>
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   Source: Rekt Capital/X
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 <p>Pseudonymous analyst Inmortal is predicting Chainlink will soar more than 443% from its current value this cycle.</p>
 <p><em>“After complex mathematical calculations and years of research, I have come to these conclusions: </em></p>
 <p><em>1. LINK is extremely undervalued (I have been saying this since it was at $6 lmao) </em></p>
 <p><em>2. At some point in this cycle: one LINK = $100.”</em></p>
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      Source: Inmortal/X
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 <p>Looking at his chart, the trader suggests LINK will continue to move a leg higher, consolidate for a while and then break out to the next leg.</p>
 <p>Chainlink is trading for $18.40 at time of writing, down more than 3% in the last 24 hours.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/38-chainlink-rally-incoming-if-link-breaks-through-this-stiff-resistance-level-says-crypto-analyst-tbt79223.html">https://thebittimes.com/38-chainlink-rally-incoming-if-link-breaks-through-this-stiff-resistance-level-says-crypto-analyst-tbt79223.html</a></p>

38% Chainlink Rally Incoming if LINK Breaks Through This Stiff Resistance Level, Says Crypto Analyst

TheBitTimes

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