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Chainlink (LINK) is set for a bullish surge with predictions of up to 300% gains. Chainlink (LINK) shows promising bullish potential based on several key indicators. CoinCodex predicts a 15% increase to $20.50 by June 30, despite a high Greed Index 73. Public sentiment on social media remains highly favorable.
CRYPTO BREAKING NEWS
— InnovatekMobile (@Neome_com) June 4, 2024
Analysts Predict Chainlink’s Next Move. Chainlink (LINK), a prominent cryptocurrency project, is the subject of ongoing price predictions. Recently, LINK experienced a significant price surge, peaking at $18, which marked its highest point in six weeks.… pic.twitter.com/d4jLc8sybi
Notably, cryptocurrency analyst Michael van de Poppe supports this optimistic outlook, forecasting a 300% rise against Bitcoin (BTC) by 2025 if LINK/BTC surpasses $0.000447. He also suggests LINK could reach $25 or even $30 in the near term, with the crucial step being the breach of the $21 resistance level. These factors collectively point towards a strong positive trend for LINK.
Key Chainlink Levels To Watch – June 5
When the market crashed to the downside in April 2024, a bearish order block formed near the $20.0000 price level. The bearish order begins to trigger a brief retreat as the price rises.
The market’s order flow, as indicated by the SMA (Simple Moving Average), is positive. At the bullish order block in the $16.2600 demand zone, the bullish trend will probably continue.
Chainlink Key Levels
Resistance Levels: $20.7400, $22.8800, $25.0000
Support Levels: $16.2600, $12.540, $9.7000
LINK Metrics
Total Market Capitalization: $2.62T
Chainlink Market Capitalization: $10.41B
Chainlink Volume: $372.80M
Market Rank: #13
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