Chainlink Consolidates Near Resistance, Is A Bigger Rally In Sight?
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....
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Chainlink (LINK) started a strong rally after a major correction towards the $9.80 level. The price is up over 20% and it is likely to continue higher above the $12.50 resistance. Chainlink token price is surging and it recently broke the $12.00 resistance against the US dollar. The price is still trading well above $11.80 […]
Chainlink’s price action has been closely following Ethereum’s as of late, but it is beginning to break free of this correlation and gain some independent momentum. This comes as the wider crypto market continues its ascent, with altcoins surging as Bitcoin consolidates around $18,000. It does appear that there is an ongoing rotation of capital […]
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 […]
Chainlink has entered price discovery and traders should watch several key levels for the next possible top. Chainlink (LINK) remains to be one of the best performing cryptocurrencies in the past twelve months. As of Jan. 23, LINK is now bigger than Litecoin (LTC) and now number seven at $9.2 billion market capitalization, after surpassing Bitcoin Cash earlier this week. The LINK price surge also coincided with rumors this week that Grayscale is preparing to add a Chainlink Trust product. This news event likely played a part in the price of Chainlink rallying toward new all-time highs,....
Chainlink has traded over 500 days in a tight range between $5 and $9. While it might feel as though there is no end in sight to the sideways price action in LINK, a high time frame momentum change could finally send prices out of this range ands soaring higher. Here’s why. Chainlink On The […]