Crypto analyst Ali Martinez warns that Chainlink (LINK) could experience a significant correction of up to 50% as whale transactions decline, indicating a lack of trading interest, while Bitcoin (BTC) may drop 10% if it loses key support and Ethereum (ETH) layer-2 blockchain Optimism (OP) is showing bearish signals with a potential drop of over 47%.
Chainlink (LINK) is expected to break through long-term resistance and potentially increase by 50% to $9 or even 115% to $13, while Ocean Protocol (OCEAN) could double its price if it breaks out of its descending resistance line and channel, reaching $1, but DASH is likely to fall by 60% to $10 if its bearish trend continues.
Chainlink (LINK) may be on the verge of a bullish breakout against Bitcoin (BTC), according to crypto analyst Michaël van de Poppe, who believes that the recent launch of the Cross-Chain Interoperability Protocol (CCIP) could significantly boost Chainlink's value.
Chainlink (LINK) is expected to continue trading within a range for several months before breaking out, according to popular crypto trader Altcoin Sherpa, who recommends buying and holding the coin for six months before selling it at a higher price; the trader also discusses the potential of other cryptocurrencies, including Avalanche (AVAX), Fantom (FTM), and Rollbit's native token RLB.
Chainlink (LINK) is expected to break out of its trading range and experience significant price growth, according to a popular crypto trader, while Bitcoin (BTC) is predicted to cross the 200-day SMA and rally to $28,000 by September 18th. However, the trader suggests Polygon (MATIC) may see a 42% decline and the native token of the Bored Ape Yacht Club community, ApeCoin (APE), is expected to collapse.
Chainlink's LINK tokens have seen significant movements in the market, particularly with transfers from notable Chainlink wallets injecting a substantial number of tokens into various platforms, raising concerns about the asset's stability and future price trajectory.
Chainlink's LINK token outperformed the top 20 cryptocurrencies in the past week with a 14% gain, supported by increased network activity and adoption of its Cross-Chain Interoperability Protocol (CCIP), while other major cryptocurrencies performed poorly.
Chainlink (LINK) and three other altcoins are expected to see more price surges based on bullish on-chain data, with Chainlink experiencing increased unique address activity and potential rallies if market participants remain indifferent to its performance. Additionally, Loom Network (LOOM), Frontier (FRONT), and ImmutableX (IMX) are outperforming the broader crypto markets with increased adoption. Bitcoin, on the other hand, has seen a rise in the number of addresses holding less than 100 BTC, while whales have been selling since June.
Chainlink (LINK) is predicted to outperform other altcoins in the next bull cycle due to its solid fundamentals and its role as core infrastructure for numerous projects, according to crypto strategist Altcoin Sherpa. On the other hand, Altcoin Sherpa believes that Rollbit Coin (RLB) may decline in price in the coming weeks. Additionally, Altcoin Sherpa warns that Bitcoin (BTC) could potentially drop close to $20,000 as it struggles to maintain its bullish momentum.
Bitcoin is currently facing rejection at its current price point, while Chainlink is positioned well to close the week above its downtrend trendline, potentially leading to upward movement for the cryptocurrency.
The creator of Chainlink, Sergey Nazarov, believes that a failure of the banking industry and people's disillusionment with traditional financial systems could lead to widespread adoption of cryptocurrencies.
Chainlink (LINK), the native asset of the decentralized oracle network, may be facing a brief correction as it shows bearish signals according to a crypto analyst, but the analyst believes LINK will still see higher highs; meanwhile, Bitcoin's Relative Strength Index suggests a potential retracement.
Investors should consider buying discounted cryptocurrencies with potential for long-term growth, such as Bitcoin, Chainlink, and Polkadot, as they have experienced significant declines but show promise for future price increases due to upcoming events and developments in the cryptocurrency market.
Ethereum-based altcoin Chainlink (LINK) is predicted to experience a final correction before doubling in price, potentially reaching $12-$15 by 2024, according to crypto strategist Michaël van de Poppe, who expects other altcoins to continue gaining momentum as long as Bitcoin remains consolidated. Bitcoin, on the other hand, could rally to $30,000 if it successfully retests the $26,700-$26,900 range.
Bitcoin is poised to reach new highs, according to crypto analyst Michaël van de Poppe, while Chainlink may undergo one final correction before a breakout that could extend into 2024.
Chainlink (LINK) is predicted to have a bullish breakout, potentially doubling in price to around $14, according to an analyst who accurately predicted the crypto bottom in November 2022. However, the analyst notes that the price action of Bitcoin (BTC) will also play a significant role in Chainlink's future performance.
Inflation of Chainlink (LINK) tokens could pose a challenge for the cryptocurrency to reach new highs in the next bull run, as the increased number of tokens in circulation requires a significant increase in buying pressure to match previous price levels, according to a crypto analyst.
Despite multiple unsuccessful attempts to break out from a long-term descending resistance trendline, Chainlink (LINK) is currently in a bullish trend as indicated by the increasing RSI and accumulation by long-term holders and institutional wallets. However, if the price falls below the $6.95 support level, a bearish trend may continue with a potential drop to $6.35.
Chainlink's native token (LINK) is seen as the "safest bet" for investors looking to profit from the tokenization of real-world assets (RWA) narrative in the crypto industry, according to research firm K33 Research.
Chainlink (LINK) has outperformed Bitcoin (BTC), Ethereum (ETH), and other altcoins since September, becoming the leading decentralized blockchain oracle solution; however, concerns arise as the price faces a 10% correction and breaking the $7.20 support level may erase previous gains. The recent surge in LINK's value can be attributed to successful tests by SWIFT and the Australia and New Zealand Banking Group (ANZ), but changes to Chainlink's multisig and a decline in protocol fees have reduced investor interest.
Large wallets are accumulating the native asset of decentralized oracle network Chainlink (LINK), with addresses holding between 100,000 and 1 million LINK accumulating $38.5 million worth of the crypto asset in the past week, indicating a potential uptrend for LINK.
The native token of the Chainlink decentralized oracle network platform, LINK, is leading the market with a bullish start, attributed to the growing popularity of its Cross-Chain Interoperability Protocol (CCIP) and its integration with major financial institutions.
Chainlink's LINK token reached a 17-month high, but investors are starting to take profits amidst signs of a potential market breather, with exchange deposits increasing and a large trader depositing and withdrawing millions of dollars worth of LINK tokens.
The decentralized oracle service Chainlink (LINK) is predicted to experience a significant upward price movement according to crypto analyst Altcoin Sherpa, who suggests that it is one of the best projects in the industry; however, it is still uncertain if an "altseason" is imminent, with attention being placed on Ethereum versus Bitcoin and Bitcoin dominance.
Chainlink (LINK) price reaches a 16-month peak at $11.50 as on-chain data reveals growing network usage and increased demand for the token, fueled by both organic network improvement and increased trading activity from whale investors.
The price of Chainlink's (LINK) token surged by 61.3% in a recent period, outperforming other cryptocurrencies and prompting optimism among investors due to partnerships, integrations, and upcoming upgrades.
Chainlink's native token LINK has surged 6% while Bitcoin and Ethereum remain stable, with LINK's market capitalization doubling since June; however, it has not yet reached its all-time high, and Chainlink's recent success can be attributed to its Cross-Chain Interoperability Protocol (CCIP) and partnerships with various platforms and protocols. Bitcoin, on the other hand, is experiencing mounting hype surrounding the potential approval of a spot Bitcoin ETF by the SEC, while Ethereum is slightly down but is expected to benefit from its Dencun upgrade that aims to improve scalability and reduce transaction costs.
