Bitcoin

Rise

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-decline-affects-the-crypto-market/" data-wpel-link="internal">Bitcoin Decline Affects the Crypto Market</a><br></p>
<p style="text-align: justify">The decline in Bitcoin has dragged the <a href="https://en.coin-turk.com/ftx-makes-critical-change-in-3-4-billion-crypto-sale-plan/" data-wpel-link="internal">crypto </a><a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> into a downturn. Some altcoins that have made a mark in the past continue to attract attention. In this context, important comments have emerged about a cryptocurrency that once rose above $52, sparking excitement about a potential rise.</p> 
<h2 style="text-align: justify" id="link-comments">LINK Comments</h2> 
<p style="text-align: justify">The popular Smart Contract network Chainlink’s native token LINK, closely followed by the market, has a market value of $8.4 billion, placing it among the top 15 cryptocurrencies by market cap.</p> 
<p style="text-align: justify">Despite LINK’s ongoing popularity in the market, it is still far from its ATH reached in 2021. During that period, LINK’s price surged to $52.88 after an incredible rally, reaching its ATH. Following this period, LINK’s price dropped by more than 73% and is currently trading around $14.12.</p> 
<p style="text-align: justify">Although LINK’s price hit a low at one point, it has experienced periods of resurgence. As seen in March 2024, the price rose to $21.75 before a new downturn began on the altcoin side.</p> 
<p style="text-align: justify">Currently, analyses show that the price has dropped by 13% over the past 30 days, with a 2% decline in the last 24 hours. Therefore, there are ongoing questions about whether LINK will experience a new recovery.</p> 
<h2 style="text-align: justify" id="will-link-rise-or-fall">Will LINK Rise or Fall?</h2> 
<p style="text-align: justify">The market appears divided on LINK’s price outlook. Despite the Neutral view on the Relative Strength Index, the MACD and SMA indicators continue to highlight a bearish outlook due to high selling pressure. On the other hand, the transfer of 5,587,376 LINK tokens to exchanges, revealed by Lookonchain, indicates whale activity, which could trigger a price drop.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-363964" src="https://coin-turk.com/wp-content/uploads/2024/06/chainlink-5-lookonchain-site-coin-turk-com.png" alt="" width="717" height="657"></p> 
<p style="text-align: justify">According to WorldOfChart’s, a well-known market analyst, LINK’s price charts have shown a rising wedge formation for a long time, and for the first time in a long period, a breakout has occurred.</p> 
<p style="text-align: justify">Commenting on this situation, the analyst stated that a 42% increase could occur depending on the scenario, potentially reaching a value of $22.</p> 
<h2 style="text-align: justify" id="img-loading-lazy-loading-lazy-decoding-async-class-size-full-wp-image-363963-aligncenter-src-https-coin-turk-com-wp-content-uploads-2024-06-chainlink-word-coin-turk-com-png-alt-width-702-height-677"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-363963 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/chainlink-word-coin-turk-com.png" alt="" width="702" height="677"></h2> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-decline-affects-the-crypto-market/" data-wpel-link="internal">Bitcoin Decline Affects the Crypto Market</a></h5>

Bitcoin Decline Affects the Crypto Market

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