Rally

2024

Bitcoin

Chainlink

<div class="watcher-guru">
 <p>Chainlink (LINK) had quite a lucrative year in 2023. From Jan. 1, 2023, to Jan. 2, 2024, the token’s price surged by over 167%. Moreover, the asset has rallied by 4.5% in the last 24 hours and 9% in the 14-day charts. However, LINK is still down by 2.2% over the previous month.</p>
 <figure class="wp-block-image size-large is-resized"><img decoding="async" width="1024" height="847" src="https://cdn.thebittimes.com/images/2024/01/03/46dec46acd0f1cac955fa32bb0966213.webp" alt class="wp-image-123271" style="width: 100%;height:auto" srcset="https://cdn.thebittimes.com/images/2024/01/03/46dec46acd0f1cac955fa32bb0966213.webp 1024w, https://cdn.thebittimes.com/images/2024/01/03/46dec46acd0f1cac955fa32bb0966213.webp 300w, https://cdn.thebittimes.com/images/2024/01/03/46dec46acd0f1cac955fa32bb0966213.webp 768w, https://cdn.thebittimes.com/images/2024/01/03/46dec46acd0f1cac955fa32bb0966213.webp 1536w, https://cdn.thebittimes.com/images/2024/01/03/46dec46acd0f1cac955fa32bb0966213.webp 380w, https://cdn.thebittimes.com/images/2024/01/03/46dec46acd0f1cac955fa32bb0966213.webp 550w, https://cdn.thebittimes.com/images/2024/01/03/46dec46acd0f1cac955fa32bb0966213.webp 800w, https://cdn.thebittimes.com/images/2024/01/03/46dec46acd0f1cac955fa32bb0966213.webp 1160w, https://cdn.thebittimes.com/images/2024/01/03/46dec46acd0f1cac955fa32bb0966213.webp 1700w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: CoinGecko
  </figcaption>
 </figure>
 <p>However, things might not be over for Chainlink (LINK) yet. According to renowned crypto analyst “Ali Charts,” LINK shows signs of a bull pennant formation. The analyst says if the token can close above $17.2, it could lead to a price breakout. If successful, the analyst says Chainlink could propel toward $34, a rise of over 110%.</p>
 <p><strong>Also Read: Chainlink: Pink Drainer $4.4M Crypto Raid Sparks Industry Alarm</strong>.</p>
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div>
 </div>
 <p>However, the analyst has asked investors to watch the $14.2 level. He warns that a fall below $14.2 could invalidate the bullish outlook for the token.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">#Chainlink shows signs of a bull pennant formation. A decisive close above $17.2 could be the catalyst for a breakout, potentially propelling $LINK toward $34. <br><br>However, keep an eye on the $14.2 level – a drop below this could invalidate the current bullish outlook for #LINK. pic.twitter.com/N9e6peREPn</p>— Ali (@ali_charts) January 1, 2024
   </blockquote>
  </div>
 </figure>
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div id="primisContainer" class="add"></div>
 </div>
 <p>Ali Charts highlighted the growing whale purchase for LINK in the last week of December. According to the analyst, whales purchased around seven million LINK tokens worth over $105 million. The significant purchase suggests that investor confidence in LINK is growing.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">In just the past week, #Chainlink whales have purchased approximately 7 million $LINK, worth over $105 million! <br><br>This substantial buying spree suggests a growing confidence among major players in #LINK. pic.twitter.com/gg6SxGykhD</p>— Ali (@ali_charts) December 27, 2023
   </blockquote>
  </div>
 </figure>
 <p>Chainlink’s (LINK) rally towards the end of 2023 could be due to the massive whale purchases. Moreover, this trend may continue in 2024.</p>
 <h3 class="wp-block-heading" id="h-will-chainlink-reclaim-its-all-time-high-of-52-70">Will Chainlink reclaim its all-time high of $52.70?</h3>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="576" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="Chainlink" class="wp-image-60569 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp" data-src-webp="https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp.webp 1024w, https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp.webp 300w, https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp 768w, https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp.webp 1536w, https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp.webp 380w, https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp.webp 550w, https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp.webp 800w, https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp.webp 1160w, https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp.webp 1600w" data-srcset-img="https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp 1024w, https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp 300w, https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp 768w, https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp 1536w, https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp 380w, https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp 550w, https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp 800w, https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp 1160w, https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp 1600w" data-eio="j">
  <noscript><img decoding="async" width="1024" height="576" src="https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp" alt="Chainlink" class="wp-image-60569" srcset="https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp 1024w, https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp 300w, https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp 768w, https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp 1536w, https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp 380w, https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp 550w, https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp 800w, https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp 1160w, https://cdn.thebittimes.com/images/2024/01/03/eb3d8eed6e984b2da2d5972baab5559d.webp 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  </noscript>
  <figcaption class="wp-element-caption">
   Source – Phemex
  </figcaption>
 </figure>
 <p>Chainlink (LINK) is currently down by almost 70% from its all-time high of $59.70, which it attained in May 2021, about 2-and-a-half years ago. However, there is a chance that the token will reclaim its previous high, given that there is a bull run for the cryptocurrency market.</p>
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div>
 </div>
 <p>Many analysts have said the crypto market could enter a bull run in 2024, fuelled by a possible spot Bitcoin (BTC) ETF (Exchange Traded Fund) approval and BTC’s halving event in April. BTC has also recently surpassed the $45k mark for the first time since March 2022. All signs point towards a market rally sometime this year.</p>
 <p>If we enter another 2021-like bull run, Chainlink (LINK) and other significant crypto projects could reclaim and surpass their previous all-time highs.</p>
</div>
<div class="cs-entry__tags">
 <ul>
  <li>chainlink</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/chainlink-could-rally-over-100-to-34-in-2024-predicts-analyst-tbt75387.html">https://thebittimes.com/chainlink-could-rally-over-100-to-34-in-2024-predicts-analyst-tbt75387.html</a></p>

Chainlink Could Rally Over 100% to $34 in 2024: Predicts Analyst

目次

TheBitTimes

2024年1月2日公開の他の記事

These 2 Cryptos Just Hit All-Time Highs

Why Bitcoin ETF Approval Won’t Happen This Week, According To This Journalist

Solana, BONK resumes Bullish rally as Meme coins shine

Bitcoin ETF Approval Inches Closer as SEC Readies Final Decision Date

Optimistic 2024 for Crypto Hedge Funds, Showing Recovery

Pro-XRP Lawyer Offers Tax Advice for Holders

ニュースレターを購読して暗号資産の最新情報を毎日入手！