Convergence

Chainlink

Divergence

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/chainlink-shows-signs-of-a-price-surge/" data-wpel-link="internal">Chainlink Shows Signs of a Price Surge</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/clark-acikladi-altcoin-rallisi-ile-bu-6-kripto-para-patlama-yasayabilir" data-wpel-link="internal">Chainlink</a></strong> (<a href="https://coin-turk.com/ilk-on-kripto-kirmiziyken-iclerinden-sadece-biri-yukseliste-chainlink-link-coin" data-wpel-link="internal">LINK</a>) price has started to show signs of an uptrend. <a href="https://en.coin-turk.com/chainlink-price-analysis-bullish-whales-push-link-above-8-after-coinbase-integration/" data-wpel-link="internal">LINK</a> has clearly separated from its previous stagnant period, surpassing two significant resistance levels at $13.08 and $16.86. LINK has now consolidated its position above these levels, indicating a profound shift in market sentiment as bears give way to bulls.</p> 
<h2 style="text-align: justify" id="link-price-inspires-confidence">LINK Price Inspires Confidence</h2> 
<p style="text-align: justify">Since its strong performance in October, <a href="https://en.coin-turk.com/unlocking-potential-chainlink-staking-update-fuels-market-intrigue/" data-wpel-link="internal">Chainlink</a> has been on an upward trajectory, reflecting the broader market’s positive momentum. This resilience in LINK’s price movement has increased confidence among investors expecting further gains.</p> 
<p style="text-align: justify">The altcoin is currently following an ascending parallel channel, a technical model that underscores its potential for further value gains. With newly established support levels at $13.08 and $16.86, previous challenging barriers have now become solid foundations for LINK’s continued rise.</p> 
<p style="text-align: justify">Looking ahead, it is suggested that Chainlink’s price could rise by up to 45%, setting its next target at $28.71. This optimistic outlook is backed by the unwavering strength of buyers determined to support LINK’s upward trajectory.</p> 
<h2 style="text-align: justify" id="is-a-bullish-trend-on-the-horizon-for-link">Is a Bullish Trend on the Horizon for LINK?</h2> 
<p style="text-align: justify">Recently, the Chainlink price has retested a certain level and managed to stay above it. This could signify a shift from a resistance to a support level and may be a strong bullish signal for the altcoin. Our potential target is the $28.71 resistance level, last tested in January 2022.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-333846 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/link-coin-turk-com-1-2.png" alt="" width="1815" height="798"></p> 
<p style="text-align: justify">Technical indicators appear quite optimistic. The Relative Strength Index (RSI) is giving a pending buy signal and is trending upwards. Similarly, the Awesome Oscillator (AO) and Moving Average Convergence Divergence (<strong>MACD</strong>) metric are also in the positive zone, indicating strong bullish momentum in the market.</p> 
<p style="text-align: justify">These momentum indicators being above the zero line can be interpreted as a strong signal for investors to enter long positions or maintain their current ones. However, as always, there are risks involved. If the price falls below the $18.32 support, it could mean that the price may enter a downtrend. In the worst-case scenario, LINK’s price could fall below $13.08, invalidating the upward expectations.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/chainlink-shows-signs-of-a-price-surge/" data-wpel-link="internal">Chainlink Shows Signs of a Price Surge</a></h5>

Chainlink Shows Signs of a Price Surge

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