Chainlink Consolidates Amid Bitcoin Rally; Analyst Predicts LINK Surge to Reach This Price

2023-12-6 15:30

In the midst of Bitcoin’s surging momentum, Chainlink (LINK) is undergoing a consolidation phase, as highlighted by Upside Down Crypto Data. Contrary to viewing this as a setback, the consolidation is seen as a positive development. According to the short-term UDPI risk model, LINK’s short-term risk is gradually cooling off during this phase of consolidation.

As risk levels subside, the potential for upside movement in LINK increases, setting the stage for a more robust performance in its next rally. The strategic consolidation is deemed favorable, allowing the cryptocurrency to build resilience and gather momentum for future upward movements.

On-chain analyst David echoes the optimistic sentiment, citing a remarkable +243% surge in Chainlink’s value, propelling it to $16+ since his bottom call in June. Despite this substantial appreciation, David emphasizes that the LINK weekly chart remains bullish, projecting a further move into the $20s.

Dispelling notions of a potential dip below $8 as a psychological operation (Psyop), David underscores the robust position of Chainlink in the market. The analyst’s confidence in LINK’s weekly outlook reflects a bullish stance, anticipating sustained positive momentum in the coming weeks.

Read also:

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Investors and enthusiasts alike are closely monitoring Chainlink’s trajectory, with the cryptocurrency poised for potential gains as it consolidates amidst the broader market dynamics.

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ChainLink (LINK) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $17.68
Капитализация $0 Rank 99999
Цена в час новости $ 15.52 (-100%)

link chainlink bitcoin consolidation upside highlighted phase

link chainlink → Результатов: 126


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Альткоин Chainlink за неделю взлетел на 23%

Стоимость Chainlink (LINK) увеличилась на 23% за последние семь дней. В ночь на понедельник, 20 мая, курс LINK укрепился до $16,5. За сутки объем торгов вырос до $496,6 млн, а капитализация достигла $9,696 млрд.

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