Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Chainlink (LINK) stands out in the cryptocurrency realm, gaining notice for its ascending value. According to crypto expert Michaël van de Poppe, who shared insights on the X platform, Chainlink exhibits consolidation at $14, dismissing any likelihood of a drop to $8.
#Chainlink consolidates at $14, and doesn’t even get close to a retest at $8.
— Michaël van de Poppe (@CryptoMichNL) December 18, 2023
Most likely, anything in the ball park of $11-14 is a good entry point, aiming for $25 in the next 3-6 months.
The upwards cycle has started and consolidation periods are entry points. pic.twitter.com/2iKEFOfX45
Another analyst, Altcoin Sherpa, expresses confidence in Chainlink’s long-term strength, suggesting a potential pullback of around $11 for sustained growth. In conclusion, these analyses offer a thorough understanding of Chainlink’s trajectory, emphasizing its long-term potential amidst short-term uncertainties. Investors are advised to weigh these insights for informed decisions in the dynamic crypto market.
$LINK: Would love seeing a pullback around the $11 area. I think this one is a very good strong project for the long term but a midterm pullback would still be healthy. #LINK pic.twitter.com/Av6eShXJ31
— Altcoin Sherpa (@AltcoinSherpa) December 18, 2023
Key Chainlink Levels To Watch – December 20
The sell signal of the MA Cross before the breakout at $7.910 led to a massive expansion to the upside. As the rally continued to the premium zone, a FVG (Fair Value Gap) formed at $12.860.
The market is currently in a correction phase as the pressure from the $17.330 supply zone overwhelms the market. USDJPY crashes lower as it heads into the Fair Value Gap at the $12.860 price level.
Chainlink Key Levels
Resistance Levels: $17.330 $18.320, $19.560
Support Levels: $9.650, $7.910, $4.930
LINK Metrics
Total Market Capitalization: $1.62T
Chainlink Market Capitalization: $8.16B
Chainlink Volume: $377M
Market Rank: #13
You can purchase Lucky Block here. Buy LBLOCK
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.