LINK Crypto Technical Analysis
Key Insights
- LINK crypto experienced a prolonged consolidation between $5,900 and $8,019 since May 2022.
- After breaking out in October 2023, LINK showed impulsive growth, reaching $16,584, a 121% increase.
- Following the current consolidation phase, if LINK surpasses $18,275 resistance, a potential target of $28,517 is suggested, indicating a possible upward trend continuation.
As of writing, LINK crypto is ranked 13th on CoinMarketCap with a market cap of $8,600,835,910.
LINK Technical Analysis
Since May 2022, there has been a prolonged consolidation of the Chainlink crypto price within a narrow range of $5,900 to $8,019.
This range is clearly marked by significant trading volumes. After breaking out of this range in October 2023, the asset's price demonstrated an impulsive growth, reaching a high of $16,584, representing an increase of over 121%. LINK is a part of the leading DeFi coins portfolio.
Currently, the price is in a consolidation phase between the levels of $13,200 and $16,115.
LINK Price Prediction
Upon the completion of the current consolidation phase, there is a high probability of LINK crypto continuing its upward trend.
In the event of successfully surpassing the resistance level at $18,275, with subsequent price consolidation above this level, the next potential target for LINK would be $28,517.
Users can get LINK for fiat or crypto on SimpleSwap.
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