Bitcoin

DeFi

Polkadot

Chainlink

Billion

The post <a href="https://coinpedia.org/price-analysis/chainlink-and-polkadot-price-prediction-altcoins-head-for-a-new-52w-high/" rel="noopener noreferrer nofollow">Chainlink and Polkadot Price Prediction: Altcoins Head For A New 52W High</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
With the Bitcoin price jump sparking a bull run in the altcoins market, the investors are on a buying spree. Fueling the surge in multiple coins, VeChain, Chainlink, Polkadot, and many others are in the limelight.
With Chainlink (LINK) and Polkadot (DOT) ready for a jump to prolong the prevailing uptrend, the bullish potential is huge in them. Further, the DeFi Space shows a sharp recovery as the total TVL reaches $73.45B.&nbsp;
As the markets are heading to new highs, let’s have a look at LINK and DOT price charts for a high-momentum trend reversal rally.&nbsp;
<h2 class="wp-block-heading" id="h-will-chainlink-price-jump-from-20">Will Chainlink Price Jump From $20?</h2>
With a bullish breakout of a long consolidation, the LINK price regains the trend momentum for an uptrend. Reaching the $20 mark, the Chainlink rally takes a short pause above the 61.80% trend-based Fib level.
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="464" src="https://image.coinpedia.org/wp-content/uploads/2024/02/16123319/image-114-1024x464.png" alt="" class="wp-image-270360" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/16123319/image-114-1024x464.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/16123319/image-114-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/16123319/image-114-768x348.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/16123319/image-114-1536x696.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/16123319/image-114-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/16123319/image-114.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Source: <a href="https://www.tradingview.com/x/D7M0UiFD/" rel="noopener noreferrer nofollow">TradingView</a>
Ranking as the 11th biggest crypto per market cap, Chainlink is closing to the $12 Billion mark. Further, Telefonica, a prominent telecommunications company in Spain, has opted to utilize Chainlink’s technology.&nbsp;
The MACD indicator, on the other hand, shows a potential bearish crossover as the LINK price consolidates. Thus, a short correction is possible if the market hits pause on the bull run.&nbsp;
With the technical charts and market sentiments screaming a bull run, the LINK price could top $25 per trend-based Fib levels. On the flip side, a drop under $19.73 can test $18.47.
<h2 class="wp-block-heading" id="h-is-polkadot-ready-for-a-new-peak-above-10">Is Polkadot Ready For A New Peak Above $10?</h2>
With a bullish bounce back from a multi-contact support trendline, the DOT price continues the uptrend. The recent reversal accounts for a 24% jump in the last 24 days and challenges the upper Bollinger band.
Thus, the ongoing bull run comes with huge momentum and reclaims the 23.60% trend-based Fib level at $7.62. Moreover, the reversal rally teases a rounding bottom breakout with a neckline at $8.43, coinciding with the 38.20% Fib level.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="464" src="https://image.coinpedia.org/wp-content/uploads/2024/02/16123314/image-113-1024x464.png" alt="" class="wp-image-270359" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/16123314/image-113-1024x464.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/16123314/image-113-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/16123314/image-113-768x348.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/16123314/image-113-1536x696.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/16123314/image-113-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/16123314/image-113.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Source: <a href="https://www.tradingview.com/x/0fQvLUkx/" rel="noopener noreferrer nofollow">TradingView</a>
With a $10B market cap, Polkadot comes as the 13th biggest crypto and is rising the ranks at a quick pace. Further, the network growth for Polkadot comes as a healthy bonus to fuel the token’s market value.&nbsp;
The MACD indicator supports the uptrend in DOT prices and reflects a rise in trend momentum.&nbsp;
As per the technical analysis, Polkadot can reach the $10 mark in the coming weeks. Further, the recent $7.62 breakout signals an entry spot with a target of $8.43. Upon this breakout, the path to $10 is of lesser resistance for Polkadot.

Chainlink and Polkadot Price Prediction: Altcoins Head For A New 52W High

Table of Contents

CoinPedia News

Other articles published on Feb 16, 2024

Prediksi Harga ETH Terkini, Tembus US$3.600?

Polygon’s Price Reaches Long-Term Resistance: Can MATIC Hit $1?

AltSignals crystal ball: Unravelling wild price predictions in an era of AI-enabled trading

VeChain Thrives with Market Surge and Major Price Boost

This Pandora NFT Has Just Sold For Nearly $1.4M – Has The NFT Bull Market Arrived?

OpenAI Launches Sora, the Advanced AI for Crafting Videos from Text

Join our free newsletter for daily crypto updates!