Bitcoin

Chainlink

Claim Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">ChikaMoji.Lol</a>Chainlink (LINK) has shown strong momentum recently, with its price rising by 16% over the past four days before a slight dip of 2.14% today. Currently trading at $14.095, LINK is showing signs of a potential bull run that could push its price to $20 in the coming weeks.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/ab0364fb4b654656957ed485af936c01.png" />After a series of four bullish days, with a notable 7% gain, traders are closely watching Chainlink. The key question now is whether the recent <a href="https://cryptosheadlines.com/altcoin-frenzy-bnb-ada-link-prices-shine-in-bullish-trends/" rel="noopener noreferrer nofollow">bullish trend will continue and drive the price</a> up to $20.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/4890ac4dba1f462ab94cbf02a242b6af.png" /><h3 id="chainlink-link-price-surge-and-whale-activity">Chainlink (LINK) Price Surge and Whale Activity</h3>Chainlink (LINK) is experiencing a bullish revival as the crypto market recovers. The price has shown a double-bottom reversal from the $12.242 support level, rising by 13.73% over the past five days and approaching the $14.50 resistance zone.This recent <a href="https://cryptosheadlines.com/solanas-sol-price-gains-momentum-indicating-a-surge-to-38/" rel="noopener noreferrer nofollow">price action indicates a trendline breakout rally gaining momentum</a>. However, the current intraday drop suggests a possible retest of the previously broken resistance trendline.According to a recent tweet by top crypto analyst &#64;ali_charts, Chainlink whales have accumulated over 10 million LINK tokens in the past two weeks, amounting to nearly $140 million at current market prices.<h3 id="chainlink-link-momentum-indicators">Chainlink (LINK) Momentum Indicators</h3>The MACD shows a <a href="https://cryptosheadlines.com/russias-positive-signals-legalizing-cryptocurrency-transactions/" rel="noopener noreferrer nofollow">positive crossover between the MACD and signal</a> lines, with the indicator approaching the zero line, signaling a bullish reversal.The daily RSI line is also showing positive movement, crossing above the halfway mark and <a href="https://cryptosheadlines.com/ondo-price-reaches-new-all-time-high-heading-towards-2/" rel="noopener noreferrer nofollow">heading towards</a> the overbought zone. These momentum indicators suggest a strong possibility of a continued <a href="https://cryptosheadlines.com/vechain-potential-for-1-price-in-bull-run/" rel="noopener noreferrer nofollow">bull run in LINK prices</a>.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/4890ac4dba1f462ab94cbf02a242b6af.png" /><h3 id="chainlink-link-price-outlook">Chainlink (LINK) Price Outlook</h3>Despite the recent intraday drop, the overall sentiment for Chainlink remains positive. The continued buying by whales and the breakout rally suggest that the LINK price has a strong potential to reach $20. However, the resistance level at $16.75 is a key supply zone to monitor, as it could impact the price movement.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/9c1f8eda210b47f69d7075c51b6d8e7d.png" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

LINK Price Could Reach $20 as Whale Activity Increases

Table of Contents

CryptosHeadlines.com

Other articles published on Jul 17, 2024

GameStop and Roaring Kitty-Linked Meme Coins Experience Notable Price Surges, GME, KITTY, and ROA...

Delabs Games Launches New Tap-to-Earn Game Giga Chad Bat on Telegram

Join the Future of Crypto with these exclusive Presales

MoonBag Crypto Hits $3.5M in Presale Revenue, As Pendle and Blast Up Face Market Hurdles

Crypto Industry Hit by North Korean Hackers Using Fake Job Applications

Ethereum ETFs Get Preliminary SEC Nod Trading Set to Begin Tuesday

Join our free newsletter for daily crypto updates!