A Chainlink Pullback To $16 Could Set Up Parabolic Price Rally – Analyst
Chainlink (LINK) prices have dropped by 5.63% in the past seven days, amid a broader, volatile market movement. Nevertheless, the altcoin maintains a healthy 20.88% on its monthly chart, suggesting that a significant portion of recent market entrants are holding in profits. Looking ahead, prominent analyst Ali Martinez has outlined a potential market opportunity for a mega price rally. Related Reading: Chainlink Consolidates Near Resistance, Is A Bigger Rally In Sight? LINK Price Pattern Suggests Parabolic Surge After Final Retest In an X post on September 6, Martinez postulates that....
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Chainlink (LINK) is trading at $7.60, still unable to escape the range between $5 and $8 it has spent over a year in. Its recent attempt at a rally, however, has triggered an important “parabolic”signal following a length, 28-month long downtrend. Chainlink Taps Parabolic SAR After 28-Month Downtrend Chainlink earned itself a reputation as a “blue chip” cryptocurrency during the last bear market. While Bitcoin, Ethereum, and other altcoins remained relatively bearish until the end of 2020, LINKUSD defied all odds and expectations by rising nearly 10,000% leading up....
Chainlink is showing signs of strength after a sharp parabolic move, now consolidating just below a key resistance level. The question is whether LINK can push past this barrier and ignite a bigger rally, or if a pullback comes first. Parabolic Surge Stalls Below $76.60 Resistance According to Alpha Crypto Signal, in a recent update shared on X, Chainlink has shown remarkable strength with a parabolic move before entering a consolidation phase just below the $26.60 horizontal resistance zone. This level has now become the focal point, as traders watch closely to see if momentum will carry....
LINK price has undoubtedly been one of the major highlights of the cryptocurrency market in 2023. Over the past week, the cryptocurrency maintained its recent positive momentum, reaching a new yearly high of $15.8 on Thursday, November 9. A crypto analyst and trader who predicted this latest bullish run has offered more insight on what to expect from the Chainlink token. What’s Next For LINK Price? A crypto analyst with the pseudonym Mags took to X (formerly Twitter) to share an interesting update on the LINK price action. While referring to their initial analysis, the crypto analyst....
Chainlink has been struggling to break above $11.00 throughout the past few days and weeks. This level has become a strong resistance for the cryptocurrency, and both bulls and bears have largely reached an impasse. Although Chainlink has a history of forming price trends independent of the rest of the market, it has lost some […]
Crypto analyst Javon Marks has predicted that the Dogecoin price will soon witness a parabolic run. This prediction follows his analysis of the meme coin’s historical performance, which he claimed could lead to a price rally of over 400%. Dogecoin Price To Reach All-Time High Soon Enough Marks predicted in an X post that the […]