Rock

DeFinder Capital

Sponge

Chainlink

<p>Chainlink’s LINK token is down 6% this week, trading around $13.6 at press time. While this drop is significant, it aligns with the overall cryptocurrency market downturn over the past week. According to prominent crypto analyst Michaël van de Poppe, LINK is facing a critical test of support at the $13.20 level.</p> 
<p>In a recent tweet, van de Poppe <a href="https://x.com/CryptoMichNL/status/1750560410212930041?s=20" target="_blank" rel="nofollow">stated</a>: “<em>#Chainlink is facing a retest at $13.20 as an essential level to watch. Did sweep the liquidity beneath the recent lows, if we go there again, then I’m assuming $10-11 is a likely bottom. For now, $13 for a potential support test before going back upwards.</em>“</p> 
<p>He believes that if LINK breaks below $13.20, it could fall as low as $10-11 to find a bottom. However, the $13 level may provide enough support for a bounce before a steeper drop.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="549" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-727-1024x549.png" alt="" class="wp-image-428106" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-727-1024x549.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-727-300x161.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-727-768x412.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-727-1536x824.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-727-2048x1099.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-727-280x150.png 280w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-727-100x54.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-727-652x350.png 652w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-727-788x422.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>In a following tweet, van de Poppe <a href="https://x.com/CryptoMichNL/status/1750586330642260146?s=20" target="_blank" rel="nofollow">remained</a> bullish on LINK’s Bitcoin pair, saying: “<em>#Chainlink against Bitcoin is still looking for a big breakout later this year. Higher lows are being established, a breakout above 4500 sats, and it’s going to go to 9000 sats. I’m buying the dips.</em>“</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">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!
   <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 IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"> current ICO prices</a></strong>!</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> 
<p>So while LINK may continue falling against the US dollar in the short-term, van de Poppe sees upside potential later this year against BTC. He recommends accumulating during temporary price weakness.</p> 
<p>Analyzing LINK’s price chart, Coinpedia <a href="https://www.tradingview.com/chart/LINKUSD/SgfcnwfI-LINK-price-struggles-for-a-comeback/" target="_blank" rel="nofollow">outlined </a>several bearish signals that could lead to further losses:</p> 
<ul> 
 <li>LINK is trading within a falling channel, exhibiting a negative trend</li> 
 <li>A recent three black crow candlestick pattern indicates growing selling pressure</li> 
 <li>The $17 overhead resistance has repeatedly rejected price rallies</li> 
 <li>LINK is struggling to stay above its 50-day EMA support level</li> 
 <li>The MACD indicator nears a bearish crossover</li> 
</ul> 
<p>Coinpedia notes that “a breakdown from the current channel could significantly lower LINK’s price.” They identify the “$12 and $17 levels as key areas to watch” that will determine future price action.</p> 
<p>In summary, while Chainlink faces intermediate-term bearish pressures, long-term fundamentals remain strong. The crypto market downturn continues fueling LINK’s price pullback towards crucial support levels between $12-13. A bullish reversal from current prices could lead to a retest of overhead resistance around $17.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/tether-printing-and-fund-transfers-raise-questions-about-bitcoin-price-stabilization-efforts/" target="_blank" rel="noreferrer noopener">Tether Printing and Fund Transfers Raise Questions About Bitcoin Price Stabilization Efforts</a></li> 
 <li><a href="https://captainaltcoin.com/top-3-altcoins-to-buy-in-2024-according-to-experts-definder-capital-dfc-chainlink-link-kaspa-kas/" target="_blank" rel="noreferrer noopener">Top 3 Altcoins To Buy In 2024 According to Experts: DeFinder Capital (DFC), Chainlink (LINK), Kaspa (KAS)</a></li> 
 <li><a href="https://captainaltcoin.com/dont-want-to-invest-in-eth-but-still-want-major-gains-check-out-meme-kombat-mk-and-sponge-v2-sponge/" target="_blank" rel="noreferrer noopener">Don’t Want to Invest in ETH But Still Want Major Gains? Check Out Meme Kombat (MK) and Sponge V2 (SPONGE)</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($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-nofollow-sponsored-span-check-nuggetrush-nugx-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <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="nofollow sponsored"> 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/chainlink-price-analysis-link-between-a-rock-and-a-hard-place/">Chainlink Price Analysis – LINK Between a Rock and a Hard Place</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Chainlink Price Analysis – LINK Between a Rock and a Hard Place

목차

CaptainAltcoin

2024년 1월 25일에 게재된 다른 기사

Bitcoin Poised for Major Rally, Glassnode Founders Suggest

Ethereum Faces Uncertain Future in Options Market Despite Positive Market Outlook

3 Tokens That Can Turn $10 investment into $1,000 in February

HNT Price Aims To Extend The 17% Jump To Cross $10

Crypto Trader Exposes Ape Terminal Fraud

SEC Commissioner Talks About Potential Ethereum ETF Approval

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!