2024

Sherpa

Chainlink

Avalanche

Chainlink (LINK) has performed strongly over the past week, with the token’s price increasing 21.3% in the last seven days. Some <a href="https://www.newsbtc.com/news/is-jupiters-next-leg-up-coming-crypto-analyst-weighs-in-as-jup-surges-13/" target="_blank" rel="noopener ">analysts</a> have shared their predictions and thoughts on LINK, suggesting keeping an eye on the token and its long-term performance. 
<h2 style="font-weight: 400" id="what-is-link-s-next-steppingstone">What Is LINK’s Next Steppingstone?</h2> 
Recently, Chainlink announced its partnership with blockchain platform Avalanche and the Australia and New Zealand Banking Group to connect the Avalanche and Ethereum blockchains using Chainlink’s Cross-Chain Interoperability Protocol (CCIP). 
As <a href="https://www.newsbtc.com/avalanche/avax-soars-9-as-avalanche-and-chainlink-announce-partnership-for-global-asset-circulation/" target="_blank" rel="noopener ">reported</a> by NewsBTC, the partnership aims to facilitate the “access, trade, and seamless settlement of tokenized assets across networks in different currencies in a process called Delivery vs. Payment (DvP).” 
The crypto community appeared to receive the news well. X users <a href="https://x.com/a11inbraham/status/1772585308573274463?s=20" target="_blank" rel="noopener nofollow">expressed</a> their positive sentiments towards the collaboration and Chainlink’s token. The sentiment has seemingly translated to LINK’s performance, as the token’s price soared 9% in the last 24 hours. 
Crypto analyst and trader The Lord of Entry shared his prediction for LINK. In the X post, the trader highlights that the token’s performance in the past day had been strong as it broke above the $18.5 resistance level. Chainlink’s LINK unsuccessfully tested the resistance zone over the past week after falling below it on March 18. 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$LINK</a> 4hr – <a href="https://twitter.com/hashtag/LINK?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#LINK</a> has been strong today, but now banging into some resistance – if it can flip this into support your next big target is around 28<a href="https://twitter.com/hashtag/LINKusdt?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#LINKusdt</a> <a href="https://t.co/YlCDRDOFTq" rel="nofollow">pic.twitter.com/YlCDRDOFTq</a> 
 — @TheLordofEntry (@thelordofentry) <a href="https://twitter.com/thelordofentry/status/1772582908164796665?ref_src=twsrc%5Etfw" rel="nofollow">March 26, 2024</a>
</blockquote> 
The token continued the upward trajectory throughout the day after successfully rising above the $18.5 price. In the early hours of Tuesday, LINK surged above the $20 mark but faced resistance near the $20.5 range. 
According to the trader, if the token can break above this level and turn it into a support zone, the next big target for LINK would be the $28 price range. 
As of this writing, LINK tested this new resistance level, which has been rising above it twice in the past hour. The token reached $20.6 in the first attempt and briefly surpassed the $20.7 price range during the second attempt. However, the token momentarily failed to flip the resistance zone and fell below $20.5 again. 
<h2 style="font-weight: 400" id="chainlink-s-very-strong-long-term-performance">Chainlink’s “Very Strong” Long-Term Performance</h2> 
Despite the failed attempts, <a href="https://www.newsbtc.com/analysis/link/link-price-regains-strength-20/" target="_blank" rel="noopener ">LINK’s price</a> surged 9% in the past 24 hours. Interest in the token has seemingly risen in the same timeframe as its market activity increased by 55.19%, reaching a daily trading volume of $539.9 million. 
Its market capitalization also increased by 8.16% in the past day, reaching $12.02 billion. Chainlink is the 14th-largest cryptocurrency by this metric, according to CoinMarketCap data. 
Moreover, LINK has shown a remarkable 182.6% performance in the last year. As a result, crypto analyst Altcoin Sherpa shared some notes on LINK, suggesting that it shouldn’t be actively traded. Sherpa stated that the token is a better fit to “buy and hold” as it is a “safe coin that is going to do strong numbers.” 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$LINK</a>: A few notes w. this one- 
 -you shouldn't be actively trading this. Loads more volatile coins (though this has nice liquidity) 
 -Better to buy and hold, this is a safe coin that is going to do strong numbers 
 -Still fundamentally v. strong, 1 of the best. 
 -still expecting… <a href="https://t.co/NeJAm2ixXj" rel="nofollow">pic.twitter.com/NeJAm2ixXj</a> 
 — Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1772293361635880964?ref_src=twsrc%5Etfw" rel="nofollow">March 25, 2024</a>
</blockquote> 
The analyst considers LINK fundamentally “very strong” and one of the best tokens based on its long-term performance. Ultimately, Sherpa predicts the price will “consolidate for a bit longer before its next move.” 
<img loading="lazy" decoding="async" class="size-large wp-image-599846 aligncenter" src="https://www.newsbtc.com/wp-content/uploads/2024/03/LINKUSDT_2024-03-26_08-16-59.png?w=860&amp;resize=860%2C433" alt="Chainlink, LINK, LINKUSDT, crypto " width="860" height="433" srcset="https://www.newsbtc.com/wp-content/uploads/2024/03/LINKUSDT_2024-03-26_08-16-59.png?w=1022 1022w, https://www.newsbtc.com/wp-content/uploads/2024/03/LINKUSDT_2024-03-26_08-16-59.png?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/03/LINKUSDT_2024-03-26_08-16-59.png?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/03/LINKUSDT_2024-03-26_08-16-59.png?w=860&amp;resize=860%2C433 860w, https://www.newsbtc.com/wp-content/uploads/2024/03/LINKUSDT_2024-03-26_08-16-59.png?w=360 360w, https://www.newsbtc.com/wp-content/uploads/2024/03/LINKUSDT_2024-03-26_08-16-59.png?w=750 750w" sizes="(max-width: 860px) 100vw, 860px" data-recalc-dims="1">

Chainlink (LINK) Soars 9%: Crypto Analyst Predicts Next Big Target

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