{"id":599844,"date":"2024-03-26T23:00:10","date_gmt":"2024-03-26T23:00:10","guid":{"rendered":"https:\/\/wncen.com\/?p=599844"},"modified":"2024-03-26T15:44:34","modified_gmt":"2024-03-26T15:44:34","slug":"chainlink-link-soars-9-crypto-analyst-predicts-next-big-target","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/chainlink\/chainlink-link-soars-9-crypto-analyst-predicts-next-big-target\/","title":{"rendered":"Chainlink (LINK) Soars 9%: Crypto Analyst Predicts Next Big Target"},"content":{"rendered":"<p style=\"font-weight: 400\">Chainlink (LINK) has performed strongly over the past week, with the token\u2019s price increasing 21.3% in the last seven days. Some <a href=\"https:\/\/wncen.com\/news\/is-jupiters-next-leg-up-coming-crypto-analyst-weighs-in-as-jup-surges-13\/\" target=\"_blank\" rel=\"noopener \">analysts<\/a> have shared their predictions and thoughts on LINK, suggesting keeping an eye on the token and its long-term performance.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/analysis\/xrp\/hold-onto-your-seats-xrp-primed-for-90-rally-according-to-top-analyst\/\" target=\"_blank\" rel=\"noopener \">Hold Onto Your Seats: XRP Primed For 90% Rally, According To Top Analyst<\/a><\/div>\n<h2 style=\"font-weight: 400\">What Is LINK\u2019s Next Steppingstone?<\/h2>\n<p style=\"font-weight: 400\">Recently, Chainlink announced its partnership with blockchain platform Avalanche and the Australia and New Zealand Banking Group to connect the Avalanche and Ethereum blockchains using Chainlink\u2019s Cross-Chain Interoperability Protocol (CCIP).<\/p>\n<p style=\"font-weight: 400\">As <a href=\"https:\/\/wncen.com\/avalanche\/avax-soars-9-as-avalanche-and-chainlink-announce-partnership-for-global-asset-circulation\/\" target=\"_blank\" rel=\"noopener \">reported<\/a> by NewsBTC, the partnership aims to facilitate the \u201caccess, trade, and seamless settlement of tokenized assets across networks in different currencies in a process called Delivery vs. Payment (DvP).\u201d<\/p>\n<p style=\"font-weight: 400\">The crypto community appeared to receive the news well. X users <a href=\"https:\/\/x.com\/a11inbraham\/status\/73274463?s=20\" target=\"_blank\" rel=\"noopener nofollow\">expressed<\/a> their positive sentiments towards the collaboration and Chainlink\u2019s token. The sentiment has seemingly translated to LINK\u2019s performance, as the token\u2019s price soared 9% in the last 24 hours.<\/p>\n<p style=\"font-weight: 400\">Crypto analyst and trader The Lord of Entry shared his prediction for LINK. In the X post, the trader highlights that the token\u2019s performance in the past day had been strong as it broke above the $18.5 resistance level. Chainlink\u2019s LINK unsuccessfully tested the resistance zone over the past week after falling below it on March 18.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$LINK<\/a> 4hr &#8211; <a href=\"https:\/\/twitter.com\/hashtag\/LINK?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#LINK<\/a> has been strong today, but now banging into some resistance &#8211; if it can flip this into support your next big target is around 28<a href=\"https:\/\/twitter.com\/hashtag\/LINKusdt?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#LINKusdt<\/a> <a href=\"https:\/\/t.co\/YlCDRDOFTq\" rel=\"nofollow\">pic.twitter.com\/YlCDRDOFTq<\/a><\/p>\n<p>&mdash; @TheLordofEntry (@thelordofentry) <a href=\"https:\/\/twitter.com\/thelordofentry\/status\/64796665?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 26, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"font-weight: 400\">The token continued the upward trajectory throughout the day after successfully rising above the $18.5 price. In the early hours of Tuesday, LINK surged above the $20 mark but faced resistance near the $20.5 range.<\/p>\n<p style=\"font-weight: 400\">According to the trader, if the token can break above this level and turn it into a support zone, the next big target for LINK would be the $28 price range.<\/p>\n<p style=\"font-weight: 400\">As of this writing, LINK tested this new resistance level, which has been rising above it twice in the past hour. The token reached $20.6 in the first attempt and briefly surpassed the $20.7 price range during the second attempt. However, the token momentarily failed to flip the resistance zone and fell below $20.5 again.<\/p>\n<h2 style=\"font-weight: 400\">Chainlink\u2019s \u201cVery Strong\u201d Long-Term Performance<\/h2>\n<p style=\"font-weight: 400\">Despite the failed attempts, <a href=\"https:\/\/wncen.com\/analysis\/link\/link-price-regains-strength-20\/\" target=\"_blank\" rel=\"noopener \">LINK\u2019s price<\/a> surged 9% in the past 24 hours. Interest in the token has seemingly risen in the same timeframe as its market activity increased by 55.19%, reaching a daily trading volume of $539.9 million.<\/p>\n<p style=\"font-weight: 400\">Its market capitalization also increased by 8.16% in the past day, reaching $12.02 billion. Chainlink is the 14th-largest cryptocurrency by this metric, according to CoinMarketCap data.<\/p>\n<p style=\"font-weight: 400\">Moreover, LINK has shown a remarkable 182.6% performance in the last year. As a result, crypto analyst Altcoin Sherpa shared some notes on LINK, suggesting that it shouldn\u2019t be actively traded. Sherpa stated that the token is a better fit to \u201cbuy and hold\u201d as it is a \u201csafe coin that is going to do strong numbers.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$LINK<\/a>: A few notes w. this one-<\/p>\n<p>-you shouldn&#39;t be actively trading this. Loads more volatile coins (though this has nice liquidity)<\/p>\n<p>-Better to buy and hold, this is a safe coin that is going to do strong numbers<\/p>\n<p>-Still fundamentally v. strong, 1 of the best. <\/p>\n<p>-still expecting\u2026 <a href=\"https:\/\/t.co\/NeJAm2ixXj\" rel=\"nofollow\">pic.twitter.com\/NeJAm2ixXj<\/a><\/p>\n<p>&mdash; Altcoin Sherpa (@AltcoinSherpa) <a href=\"https:\/\/twitter.com\/AltcoinSherpa\/status\/35880964?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 25, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"font-weight: 400\">The analyst considers LINK fundamentally \u201cvery strong\u201d and one of the best tokens based on its long-term performance. Ultimately, Sherpa predicts the price will \u201cconsolidate for a bit longer before its next move.\u201d<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-momentum-4k\/\" target=\"_blank\" rel=\"noopener \">Ethereum Price Momentum Reignites As The Bulls Aim For $4K<\/a><\/div>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-599846 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/LINKUSDT_2024-03-26_08-16-59.png?w=860&#038;resize=860%2C433\" alt=\"Chainlink, LINK, LINKUSDT, crypto \" width=\"860\" height=\"433\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/LINKUSDT_2024-03-26_08-16-59.png?w=1022 1022w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/LINKUSDT_2024-03-26_08-16-59.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/LINKUSDT_2024-03-26_08-16-59.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/LINKUSDT_2024-03-26_08-16-59.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/LINKUSDT_2024-03-26_08-16-59.png?w=360 360w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/LINKUSDT_2024-03-26_08-16-59.png?w=750 750w\" sizes=\"(max-width: 860px) 100vw, 860px\"><\/p>\n<pre style=\"text-align: center\">Chainlink hits $20.6 in the 3-day chart chart. Source: LINKUSDT on <a href=\"https:\/\/www.tradingview.com\/x\/58SS14n6\/\" target=\"_blank\" rel=\"noopener nofollow\">Trading.view.com<\/a><span class=\"Apple-converted-space\">\u00a0<\/span><\/pre>\n<div class=\"disclaimer-shortcode\">Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink (LINK) has performed strongly over the past week, with the token\u2019s price increasing 21.3% in the last seven days. Some analysts have shared their predictions and thoughts on LINK, suggesting keeping an eye on the token and its long-term performance. Related Reading: Hold Onto Your Seats: XRP Primed For 90% Rally, According To Top Analyst What Is LINK\u2019s Next Steppingstone? Recently, Chainlink announced its partnership with blockchain platform Avalanche and the Australia and New Zealand Banking Group to connect the Avalanche and Ethereum blockchains using Chainlink\u2019s Cross-Chain Interoperability Protocol (CCIP). As reported by NewsBTC, the partnership aims to facilitate the \u201caccess, trade, and seamless settlement of tokenized assets across networks in different currencies in a process called Delivery vs. Payment (DvP).\u201d The crypto community appeared to receive the news well. X users expressed their positive sentiments towards the collaboration and Chainlink\u2019s token. The sentiment has seemingly translated to LINK\u2019s performance, as the token\u2019s price soared 9% in the last 24 hours. Crypto analyst and trader The Lord of Entry shared his prediction for LINK. In the X post, the trader highlights that the token\u2019s performance in the past day had been strong as it broke above the $18.5 resistance level. Chainlink\u2019s LINK unsuccessfully tested the resistance zone over the past week after falling below it on March 18. $LINK 4hr &#8211; #LINK has been strong today, but now banging into some resistance &#8211; if it can flip this into support your next big target is around 28#LINKusdt pic.twitter.com\/YlCDRDOFTq &mdash; @TheLordofEntry (@thelordofentry) March 26, 2024 The token continued the upward trajectory throughout the day after successfully rising above the $18.5 price. In the early hours of Tuesday, LINK surged above the $20 mark but faced resistance near the $20.5 range. According to the trader, if the token can break above this level and turn it into a support zone, the next big target for LINK would be the $28 price range. As of this writing, LINK tested this new resistance level, which has been rising above it twice in the past hour. The token reached $20.6 in the first attempt and briefly surpassed the $20.7 price range during the second attempt. However, the token momentarily failed to flip the resistance zone and fell below $20.5 again. Chainlink\u2019s \u201cVery Strong\u201d Long-Term Performance Despite the failed attempts, LINK\u2019s price surged 9% in the past 24 hours. Interest in the token has seemingly risen in the same timeframe as its market activity increased by 55.19%, reaching a daily trading volume of $539.9 million. Its market capitalization also increased by 8.16% in the past day, reaching $12.02 billion. Chainlink is the 14th-largest cryptocurrency by this metric, according to CoinMarketCap data. Moreover, LINK has shown a remarkable 182.6% performance in the last year. As a result, crypto analyst Altcoin Sherpa shared some notes on LINK, suggesting that it shouldn\u2019t be actively traded. Sherpa stated that the token is a better fit to \u201cbuy and hold\u201d as it is a \u201csafe coin that is going to do strong numbers.\u201d $LINK: A few notes w. this one- -you shouldn&#39;t be actively trading this. Loads more volatile coins (though this has nice liquidity) -Better to buy and hold, this is a safe coin that is going to do strong numbers -Still fundamentally v. strong, 1 of the best. -still expecting\u2026 pic.twitter.com\/NeJAm2ixXj &mdash; Altcoin Sherpa (@AltcoinSherpa) March 25, 2024 The analyst considers LINK fundamentally \u201cvery strong\u201d and one of the best tokens based on its long-term performance. Ultimately, Sherpa predicts the price will \u201cconsolidate for a bit longer before its next move.\u201d Related Reading: Ethereum Price Momentum Reignites As The Bulls Aim For $4K Chainlink hits $20.6 in the 3-day chart chart. Source: LINKUSDT on Trading.view.com\u00a0 Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":599848,"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":[84461,16295,89532,90501,16097,79480],"class_list":["post-599844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chainlink","tag-avalanche-avax","tag-chainlink","tag-chainlink-price-prediction","tag-crypto-analsyt","tag-link","tag-linkusdt"],"acf":[],"yoast_head":"\n<title>Chainlink (LINK) Soars 9%: Crypto Analyst Predicts Next Big Target<\/title>\n<meta name=\"description\" content=\"Chainlink has surged 9% after the news of a crucial partnership and analyst suggest that LINK might continue its upward trajectory.\" \/>\n<meta name=\"robots\" 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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