Rally

2024

Bitcoin

Chainlink

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 <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">
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   Source: CoinGecko
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 <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>
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 <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>
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    <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
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 <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>
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    <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
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 <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">
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   Source – Phemex
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 <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>
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 <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>
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<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

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TheBitTimes

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