Resistance

Momentum

Chainlink

Coin

<p>Michaël van de Poppe, a crypto analyst, has <a href="https://x.com/CryptoMichNL/status/1779606803988541666" target="_blank" rel="noopener noreferrer nofollow">identified</a> a potential “massive opportunity” for investors to accumulate Chainlink (LINK). In his analysis, van de Poppe shared a chart depicting LINK’s price performance on a weekly basis, complete with technical indicators and observations.</p>
<p>Van de Poppe’s analysis identifies a significant peak in LINK’s price, which is then followed by a substantial 37.50% decline. This decline marks the beginning of a downtrend, during which the price shows periods of consolidation, indicating a stabilization after the fall.&nbsp;</p>
<p>Despite this initial bearish trend, van de Poppe observes a potential shift in market dynamics. He notes the formation of higher lows and higher highs in the subsequent price movements, a classic indication of a trend reversal. This pattern suggests that Chainlink might be transitioning from its downtrend into a bullish phase, characterized by potential accumulation opportunities for investors.</p>
<figure class="wp-block-image"><img loading="lazy" decoding="async" width="1586" height="844" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-756.png" alt="" class="wp-image-475398" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-756.png 1586w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-756-300x160.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-756-1024x545.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-756-767x408.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-756-1536x817.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-756-2048x1090.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-756-282x150.png 282w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-756-100x53.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-756-658x350.png 658w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-756-788x419.png 788w" sizes="(max-width: 1586px) 100vw, 1586px">
</figure>
<h2 class="wp-block-heading" id="strong-neutral-momentum-and-resistance-levels-strong"><strong>Neutral Momentum and Resistance Levels</strong></h2>
<p>The Relative Strength Index (RSI), a momentum oscillator used to measure the speed and change of price movements, is currently neither in the overbought nor the oversold region, suggesting a neutral momentum for LINK. Additionally, the chart highlights a “crucial resistance for strong breakouts upwards,” representing a key resistance level that LINK has struggled to surpass.</p>
<p>Van de Poppe’s analysis identifies two horizontal lines: one representing the aforementioned crucial resistance level, and the other, closer to the current price, likely indicating a potential support level. Furthermore, a dotted line at the bottom of the chart marks a lower price level, potentially suggesting a target or additional support level.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="strong-current-price-dynamics-strong"><strong>Current Price Dynamics</strong></h2>
<p>According to price data from CoinGecko, the value of Chainlink (LINK) is <a href="https://www.coingecko.com/en/coins/chainlink" target="_blank" rel="noopener noreferrer nofollow">$14.41</a>, representing a 6.97% increase in the last day. This upward movement may be an early sign of the potential trend reversal or accumulation phase that van de Poppe has identified.</p>
<p>Van de Poppe’s analysis suggests that Chainlink (LINK) is approaching a new cycle low, presenting investors with a “massive opportunity” to accumulate the digital asset. However, it is crucial for investors to conduct their own research and exercise caution, as cryptocurrency markets are known for their volatility.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/chainlinks-potential-price-trajectory-links-indicators-highlight-massive-opportunity/" rel="noopener noreferrer nofollow">Chainlink’s Potential Price Trajectory: LINK’s Indicators Highlight “Massive Opportunity”</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Chainlink’s Potential Price Trajectory: LINK’s Indicators Highlight “Massive Opportunity”

Table of Contents

CaptainAltcoin

Autres articles publiés le 15 avr. 2024

Will WLD See $11 Again? Current WLD Analysis

XRP Reclaims Lost Ground with Recent Surge: Exploring the Momentum

XRP’s slump continues with 9% drop – Why things need to change NOW

Xuirin Finance a pioneer for DeFi Card – Presale Stage 1 Sold out

Ethereum Rebounds by 7%: What ETH Investors Be Aware of?

Ondo Price Prediction: ONDO Surges 22% As This World-First AR/VR Crypto Rockets Towards $6M

Join our free newsletter for daily crypto updates!