{"id":560223,"date":"2023-11-11T10:30:44","date_gmt":"2023-11-11T10:30:44","guid":{"rendered":"https:\/\/wncen.com\/?p=560223"},"modified":"2023-11-11T12:13:10","modified_gmt":"2023-11-11T12:13:10","slug":"link-price-breaks-above-15-with-33-rally-is-18-the-next-stop","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/chainlink\/link-price-breaks-above-15-with-33-rally-is-18-the-next-stop\/","title":{"rendered":"LINK Price Breaks Above $15 With 33% Rally – Is $18 The Next Stop?"},"content":{"rendered":"

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.\u00a0<\/span><\/p>\n

A crypto analyst and trader who predicted this latest bullish run has offered more insight on what to expect from the Chainlink token<\/a>.<\/span><\/p>\n

What\u2019s Next For LINK Price?<\/strong><\/h2>\n

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 predicted the likely movement of Chainlink’s price over the coming days.<\/span><\/p>\n

\n

$LINK<\/a> broke out and went vertical without any re-test as said in my previous update!<\/p>\n

Expecting a one more leg up till $18 before any HTF pullback!<\/p>\n

+88% since breakout \ud83d\udd25<\/p>\n

won’t recommend any new entires if you were not positioned already https:\/\/t.co\/NtSmbdriGi<\/a> pic.twitter.com\/jq5S3CLtR1<\/a><\/p>\n

\u2014 Mags (@thescalpingpro) November 11, 2023<\/a><\/p><\/blockquote>\n

In the October 22 analysis<\/a>, Mags highlighted that the price of LINK had broken out of a 512-day consolidation wedge. The crypto trader then forecasted a straight rally to $12.54, a level the altcoin had surpassed earlier this week.<\/span><\/p>\n

Related Reading: Solana Breaks Past $54 On Steady Price Momentum \u2013 Will SOL Hit $60 This Month?<\/a><\/div>\n

From the current standpoint, Mags believes that the LINK price will continue its \u201cvertical\u201d upward run<\/a> without any re-test. \u201cExpecting one more leg up till $18 before any HTF pullback,\u201d the crypto analyst postulated in their post on X.<\/span><\/p>\n

As of this writing, the LINK token is valued at $15.06, reflecting more than a 3.6% price increase in the past 24 hours. While the altcoin\u2019s price has been moving mostly sideways in the last few days, it has maintained most of its gains in the past week.<\/span><\/p>\n

According to data from CoinGecko<\/a>, the Chainlink token has swelled by more than 33% over the past seven days. This figure underscores the altcoin\u2019s position as one of the best performers in the crypto market over the last few months. <\/span><\/p>\n

Chainlink\u2019s Whale Activity Hits Six-Month High<\/strong><\/h2>\n

A recent on-chain data report<\/a> by blockchain analytics firm Santiment revealed that whale activity on the Chainlink network had hit its highest level in six months. Interestingly, the network is not alone in this trend, as other blockchains, including Bitcoin, Ethereum, and Cardano, have also experienced a similar spike in whale activity.<\/span><\/p>\n

\"LINK<\/p>\n

Chainlink whale activity surges to six-month high | Source: Santiment\/X<\/a><\/pre>\n
Related Reading: A Whooping 56% Of OP Max Supply Not Assigned, What Does This Mean?<\/a><\/div>\n

As Santiment noted, while there might be some profit-taking amongst the whales at the conclusion of the week, this does not necessarily mean that tops are imminent. Hence, the analytics firm\u2019s revelation somewhat strengthens the case of a continuous upward movement for the LINK price<\/a>.<\/span><\/p>\n

\"LINK<\/p>\n

Chainlink price slips below $15 on the daily timeframe | Source: LINKUSDT chart on TradingView<\/a><\/pre>\n
Featured image from iStock, chart from TradingView<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"

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.\u00a0 A crypto analyst and trader who predicted this latest bullish run has offered more insight on what to expect from the Chainlink token. What\u2019s 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 predicted the likely movement of Chainlink’s price over the coming days. $LINK broke out and went vertical without any re-test as said in my previous update! Expecting a one more leg up till $18 before any HTF pullback! +88% since breakout \ud83d\udd25 won’t recommend any new entires if you were not positioned already https:\/\/t.co\/NtSmbdriGi pic.twitter.com\/jq5S3CLtR1 \u2014 Mags (@thescalpingpro) November 11, 2023 In the October 22 analysis, Mags highlighted that the price of LINK had broken out of a 512-day consolidation wedge. The crypto trader then forecasted a straight rally to $12.54, a level the altcoin had surpassed earlier this week. Related Reading: Solana Breaks Past $54 On Steady Price Momentum \u2013 Will SOL Hit $60 This Month? From the current standpoint, Mags believes that the LINK price will continue its \u201cvertical\u201d upward run without any re-test. \u201cExpecting one more leg up till $18 before any HTF pullback,\u201d the crypto analyst postulated in their post on X. As of this writing, the LINK token is valued at $15.06, reflecting more than a 3.6% price increase in the past 24 hours. While the altcoin\u2019s price has been moving mostly sideways in the last few days, it has maintained most of its gains in the past week. According to data from CoinGecko, the Chainlink token has swelled by more than 33% over the past seven days. This figure underscores the altcoin\u2019s position as one of the best performers in the crypto market over the last few months. Chainlink\u2019s Whale Activity Hits Six-Month High A recent on-chain data report by blockchain analytics firm Santiment revealed that whale activity on the Chainlink network had hit its highest level in six months. Interestingly, the network is not alone in this trend, as other blockchains, including Bitcoin, Ethereum, and Cardano, have also experienced a similar spike in whale activity. Chainlink whale activity surges to six-month high | Source: Santiment\/X Related Reading: A Whooping 56% Of OP Max Supply Not Assigned, What Does This Mean? As Santiment noted, while there might be some profit-taking amongst the whales at the conclusion of the week, this does not necessarily mean that tops are imminent. Hence, the analytics firm\u2019s revelation somewhat strengthens the case of a continuous upward movement for the LINK price. Chainlink price slips below $15 on the daily timeframe | Source: LINKUSDT chart on TradingView Featured image from iStock, chart from TradingView<\/p>\n","protected":false},"author":590,"featured_media":560232,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83381],"tags":[428,16295,79580,16097,82825,79480],"class_list":["post-560223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chainlink","tag-bitcoin","tag-chainlink","tag-chainlink-price","tag-link","tag-link-price","tag-linkusdt"],"acf":[],"yoast_head":"\nLINK Price Breaks Above $15 With 33% Rally - Is $18 The Next Stop?<\/title>\n<meta name=\"description\" content=\"The LINK price maintained its recent positive momentum, reaching a new yearly high of $15.8 on Thursday, November 9. 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However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi\u2019s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings. Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that \u201cwhatever is worth doing at all is worth doing well.\u201d Hence, you will always find him striving to be better. Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. 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