The post Time to Sell LINK or $20 Incoming? appeared on BitcoinEthereumNews.com.

Chainlink price prediction highlights the sustainability issues of LINK crypto above $10 to continue the surge towards the $20 mark. However, after breaking out of the long term consolidation phase LINK crypto reached the $11.64593558 resistance and is currently trying to continue its surge above that mark. Meanwhile, buyers are still present in the trade to push LINK crypto upwards. Chainlink cryptocurrency has been consolidating inside a long term consolidation phase since May 2022 and now, it managed to break out of the range. This signifies that LINK is now pumped to recover maximum over the daily time frame chart and has initiated its recovery phase. This confirms that LINK crypto looks prepared to reach the $20 mark by the end of 2023. Chainlink price was at $11.09300000 and gained 6.74% of its market capitalization during the day’s trading session. However, trading volume has decreased by 8.77% intraday. Volume to market cap ratio was at 19.54%. Is Chainlink a Good Buy?  Chainlink price prediction highlights the breakout of LINK crypto from the long term consolidation phase. However, it looks like sellers are getting involved in the trade to pull LINK crypto downwards. Meanwhile, LINK crypto price is trading above 20, 50, 100 and 200-days daily moving averages. LINK needs to maintain the accumulation of buyers in order to sustain at the current level and continue to surge.  Currently sellers are getting active to initiate the sell offs during the day’s trading session. To avoid slipping significantly LINK crypto must attract buyers during the intraday trading session. Meanwhile, if we talk about whether the Chainlink cryptocurrency is a good buy or not it depends on certain factors like, the project and technology LINK is involved in and then the price action of LINK crypto or its performance so far. LINK crypto…

---

Filed under: News - @ October 26, 2023 2:24 am