Bittime – Crypto observer CryptoBullet recently predicted that Chainlink's (LINK) upward trend could reach a new peak. Check out this analysis below.
The analyst shared his bullish perspective on LINK coin via a post on social media, highlighting price targets derived from historical observations of Chainlink coin (LINK) prices
Analisa Chainlink (LINK) to TetherUSD by CryptoBullet
CryptoBullet's Observation of Chainlink (LINK) Price History
CryptoBullet's observation of LINK's past market behavior, referred to as Wave 1, found a dramatic increase in its value from around $4.75 to over $20, which corresponds to a 618% Fibonacci extension.
This spike peaked around March 2023 at nearly $22.80, followed by a 50% retracement, which analysts consider to be the completion of Wave 2.
Anticipations are that the third phase of the LINK bull market or so-called Wave 3 is predicted to begin in the third quarter of 2024.
If CryptoBullet's predictions come true, this upcoming wave may push LINK to new peaks, with CryptoBullet proposing three price targets for Chainlink (LINK) with each in mind.
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High Chainlink (LINK) Price Projection
The initial target set by CryptoBullet for the Wave 3 rally is $55, indicating the potential for significant price upside from LINK's current price of around $14.
Next, the analyst's predictions expanded again, with the second target placed at an impressive $88 and the final, boldest target reaching $150 per LINK token.
Harga Chainlink (LINK) to IDR
LINK to IDR via Bittime Exchange
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Chainlink (LINK) Market Conditions
Recently, LINK has shown signs of recovery, in line with the general rise in the crypto market and achieved a gain of 16% over the last four days. However, it is currently facing a key resistance level at $14.40.
Clearing this hurdle decisively could trigger a surge towards $15.40, setting the stage for the next significant challenge.
Analisa Chainlink (LINK) to TetherUSD by CryptoBullet
If LINK crosses the $15.40 mark, it might open the way towards $17.50 and potentially revisit the previous all-time high near $22.80.
For the optimistic scenario outlined by CryptoBullet to become a reality, LINK must clear this critical resistance area and strengthen higher support levels.
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How to Buy Chainlink (LINK) on Bittime
You can buy and sell Chainlink (LINK) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Chainlink (LINK) is available on Bittime with the market pair LINK/IDR . To be able to buy IDR LINK on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Chainlink (LINK) on Bittime .
Monitor price chart movements of Chainlink (LINK), Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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