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) 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 $28,000 by September 18th. However, the trader suggests Polygon (MATIC) may see a 42% decline and the native token of the Bored Ape Yacht Club community, ApeCoin (APE), is expected to collapse.
Chainlink's LINK tokens have seen significant movements in the market, particularly with transfers from notable Chainlink wallets injecting a substantial number of tokens into various platforms, raising concerns about the asset's stability and future price trajectory.
Chainlink's LINK token has surged over 10% due to partnerships with traditional financial institutions, including a deal with SWIFT to scale tokenized asset adoption and a collaboration with Depository Trust and Clearing Corporation (DTCC) on Swift's Blockchain interoperability project, as well as ANZ's use of Chainlink's Cross-Chain Interoperability Protocol (CCIP) to complete a cross-chain purchase of tokenized assets with its stablecoin, A$DC.
Crypto strategist Michaël van de Poppe believes that XRP, Chainlink (LINK), and the controversial altcoin Worldcoin (WLD) may present trading opportunities, with XRP potentially rallying above $0.70, LINK potentially reaching $8.59, and WLD offering short-lived rallies.
Chainlink and Arbitrum have announced the mainnet launch of the Chainlink Cross-Chain Interoperability Protocol (CCIP) on Arbitrum One, providing developers with a secure and easy-to-use interface to build applications that can send messages, transfer tokens, and initiate actions across blockchains.
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.
Blockchain oracle platform Chainlink has expanded its cross-chain capabilities by enabling the Cross-Chain Interoperability Protocol (CCIP) on Coinbase-backed Ethereum layer-2 network Base, allowing developers to easily build cross-chain applications and services.
Chainlink (LINK) may be on the verge of reversing its multi-year downtrend and sustaining bullish momentum, as it moves above a key long-term indicator, according to crypto strategist Kevin Svenson. However, Svenson also suggests that LINK may need more time before entering bull territory and breaking out above its macro resistance.
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.
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.
