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Chain LINK , a platform compatible with Ethereum and renowned for facilitating decentralized oracles, has been making significant progress in the cryptocurrency market. Currently, the native asset of the network, LINK , is experiencing a trading range above $17 after being in a downtrend for a short period. According to the latest data from CoinGecko, LINK is up by 1.5% in price in the last 24 hours and is trading at $17.82. With the market trading in green, here is our bullish price prediction for LINK for the weekend. Also read: Top 3 Meme Coins Other Than Shiba Inu To Buy For 10X Gains In 2024 Chainlink price prediction for the weekend LINK has demonstrated remarkable performance throughout this year, positioning itself as one of the top-performing assets. In the past 30 days alone, this altcoin has recorded a 17.7% spike in its price. Despite being 66.2% below its previous all-time high of $52.70, the prospect of it reaching higher values is more attainable than...

Chainlink (LINK), one of the most widely used decentralized oracle networks, has seen steady growth over the past year. However, after notching all-time highs last year, LINK has stagnated more recently around the $20 level, unable to break through key resistance. But based on improving on-chain and technical metrics, analysts believe Chainlink is on the cusp of a major bullish breakout. The confluence of factors has put LINK in prime position to leave its lull behind and register major upside momentum once again. Also read: Ethereum (ETH) To Climb Above $4,000 This Weekend? Chain LINK is still at cycle lows, in the $BTC pair. This is very likely going towards a test of the all-time high once this pair reverses. pic.twitter.com/95J9Y3MkwX — Michaël van de Poppe (@CryptoMichNL) March 7, 2024 According to crypto analyst Michaël van de Poppe, LINK is closely tracking its performance against Bitcoin rather than the U.S. dollar. While LINK/USD has been muted and d...

Chainlink (LINK) surged higher this week, fueled by a spike in dormant whale transactions alongside supporting technical signals that have analysts eyeing a continued run toward $30. According to blockchain analytics platform Santiment, Chain LINK just registered its highest-ever “Age Consumed” metric reading at 5.38 billion. Age Consumed calculates the product of tokens moved on-chain and the length of time they remained idle, offering clues on whale activity. Also read: Cryptocurrency: 3 Altcoins That Could Outshine Bitcoin in February 🔗📈 #Chainlink has jumped ahead of the #altcoin pack after some previously dormant wallets created the highest Age Consumed spike (5.38B, calculated by multiplying coins moved by the amount of days those coins had been dormant). This influx of $LINK back into the (Cont) 👇 pic.twitter.com/eHVpeJz2HW — Santiment (@santimentfeed) February 1, 2024 Essentially, a lump of long-dormant LINK whales has ab...

Blockchain data network Chainlink continues to power toward a highly anticipated upside breakout. Chainlink’s native LINK token hovers at the level of confirming a new bull cycle, according to experts.  LINK has logged a 12% gain over the last seven days and is now pushing toward taking out the $17 level. The visible market support allowed the asset to consistently close above its 50-day moving average amid broader turbulence. LINK is also up by 6.1% in the last 24 hours. Crucially, Chainlink appears poised to post a weekly relative strength index reading back above 70 for one of the first times since its towering 2021 rally stalled out. The renewed momentum compounds building optimism for a trend reversal after rangebound trading dominated most of last year. Also read: Cardano Price Predictions: When Could ADA Reach $3, $7.03, and $10.40? Crypto analyst eyes $25-$30 for LINK Crypto analyst Michaël van de Poppe said this week that Chain LINK LINK ...

LINK fell from its two-week high following Bitcoins’ drop below $30,000. If whales continue to accumulate, then LINK may exchange hands between $7.9 and $8.5. Sellers had some presence, indicating a potential for LINK to fall below $7.40. Chainlink (LINK) climbed as high as $7.85 on August 9, following Bitcoin’s (BTC) mild recovery to $30,000. For a token that almost lost its hold on $7, LINK’s price increase confirmed the notion that buyers had forced the 6.47% 7-day hike. However, the increase has cooled off as BTC also struck out its recent gains. At press time, LINK was trading at $7.55, losing 0.59% of its value in the last 24 hours. On the 4-hour chart, LINK’s climb was triggered by bulls’ resolve to create demand at $7.07 on August 6. This buying pressure ensured that LINK’s market structure was bullish as the price ascended. Profit-taking Leads LINK Down But after rising as high as $7.85, SHIB met resistance at $7.74. Bulls made further at...