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Chainlink

The post <a href="https://coinpedia.org/price-analysis/have-traders-given-up-on-chainlink-when-will-the-link-price-regain-20/">Have Traders Given Up on Chainlink? When Will the LINK Price Regain $20?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Chainlink, which once broke above the multi-year consolidation, appears to have entered yet another similar phase. The recent crash caused the price to drop harder by over 25% but the bulls jumped in time, which elevated the price to some extent. However, the <a href="https://coinpedia.org/price-prediction/chainlink-price-prediction/" target="_blank" rel="noreferrer noopener">LINK price</a> is consolidating along the key support levels, which has left market participants perplexed over the next price action.&nbsp; 
The LINK price so far has traded fairly, as it is in more than 2x profit. The short-term price action suggests the bulls are trying hard to keep up the levels above $18, which indicates a rise beyond $20 could be pre-programmed if the LINK price records a bullish breakout above $19.1 and sustains throughout the weekend.&nbsp; 
<img decoding="async" src="https://lh7-us.googleusercontent.com/kVvEork6MfGVsoLmF_gTT6tZYsSiS4OavmcaDlgVTeIWsVac3CQxZLARqBoZ_Q-tLB4u1TTdltFVFBfcZ6Mw7TVL2ScYtqHAO5f2BdCOCLWMC7jblxkq4yI4X2CQK5EVJ1O0xh4LfymlCxxPbtXHK3g" style="width: 100%"> 
The LINK price appears to be following a similar pattern after a massive bullish or bearish action, which indicates the bulls could be accumulating strength for the next price action. The price is stuck between the 50-day and 200-day MA levels, which are acting as strong resistance and support levels. On the other hand, the MACD is closer to flashing a buy signal, as both levels are about to undergo a bullish crossover. This suggests the LINK price may encounter a bullish weekend, which may elevate the levels beyond $20.&nbsp; 
Did You Know? <a href="https://coinpedia.org/price-analysis/bitcoin-retests-64k-despite-grayscale-outflows-drop-below-100m-will-btc-price-hold-above-key-support/">Bitcoin Retests $64K Despite Grayscale Outflows Drop Below $100M, Will BTC Price Regain $65K?</a> 
The market participants appear to have shifted their focus away from the token, due to which, the price remains stuck within a region. However, <a href="https://markets.coinpedia.org/chainlink/">Chainlink</a> is a standard when it comes to bridging the gap between Web 2 &amp; Web 3, such as tokenizing real-world assets. Therefore, it can be considered a sleeping ‘gaint’ that may soon surprise everyone with more than a double rally.&nbsp;

Have Traders Given Up on Chainlink? When Will the LINK Price Regain $20?

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