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Chainlink Price Prediction: LINK Braces for Bullish Impact

The Chainlink price prediction is positive as LINK continues to rock the crypto world; breaking one resistance to another. As a result, investors in the crypto world eyes on the crypto for its potential bullish uptrend in the days to come.

At the time of writing, LINK price trades at $14.27, with a growth rate of 5.1% in the past seven days. If this goes on, Chainlink may end the year with a prosperous price.

Source: TradingView
Source: TradingView

The chart above displays the aggressiveness of the Chainlink price in the past few days. It shows how LINK sustains its uptrend position from its price dip in September to the current day. The LINK price dip from September 23 to the current LINK price today records a growth rate of 95.94%.

If this continues, LINK and the bulls might break the Fibonacci level of 0.382, leading to $16.

However, if the bulls retreat, the price of the cryptocurrency might plummet. It could fall as deep as $11 in the Fibonacci level of 0.618, where the bear awaits. In this case, the bulls might find a way to climb back to its uptrend position. Otherwise, the bears might scare away potential investors that are interested in the platform.

Moreover, crypto analytics platform Santiment reported that based on their research, non-exchange users hold millions of LINK tokens. Hence, the firm predicts users’ strong hope in the approaching $20 rocket high of the crypto.

CoinQuora Staff

CoinQuora is an online publication that aims to educate about news, exchanges, and markets in the cryptocurrency and blockchain industry

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