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Chainlink’s (LINK) price has stabilized around $15 after a recent downturn, but analysts foresee an imminent upswing. Decreased selling pressure, highlighted by negative exchange net flow, suggests substantial short-term growth potential. LINK, previously among the top performers in 2024, has faced a setback lately.
Chainlink’s LINK Coin: Analysts Anticipate Price Surge https://t.co/Lx2zFc82UC
— COINTURK NEWS (@Cointurknews) April 13, 2024
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Nonetheless, experts speculate these lows might catalyze a significant surge ahead. Renowned cryptocurrency analyst Crypto Wolf has earmarked LINK among assets poised for exponential gains in the impending bull run. Recent data reveals a crucial indicator for LINK’s imminent rally: a shift to negative exchange net flow over the past two days. Reduced sell-offs due to decentralized custody methods could bolster LINK’s upward trajectory.
Key Chainlink Levels To Watch – April 15
The market’s trading range lies between $20.740 and $11.670. According to the Moving Averages, the direction of the market is bearish.
The market’s order flow has been bearish since the recent CHoCH (Change of Character) at $17.470. However, following the sell-side liquidity grab at $12.540, the Stochastic Oscillator suggests a strong pullback to the upside.
Chainlink Key Levels
Resistance Levels: $16.260, $20.740, $22.880
Support Levels:, $11.970, $8.260, $5.740
LINK Metrics
Total Market Capitalization: $2.34T
Chainlink Market Capitalization: $8.28B
Chainlink Volume: $617M
Market Rank: #16
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