ព័ត៌មាន Chainlink: Ethereum based blockchain network Chainlink’s LINK token failed to breach the key resistance at $9.40 level in the last 8 months. This is despite a major relief rally since January 2023 in Bitcoin (BTC) and many other altcoin. However, as the speculation around the arrival of altcoin season heats up, another ទីផ្សារគ្រីប rally could potentially spur a breakout in LINK price. Also, it is also believed that the cryptocurrency would have to take a slight correction before taking the upward curve.
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LINK To Breakout?
Chainlink (LINK) price is yet to see a promising rally despite other coins having a significant jump in recent weeks. Experts predict that the current trend of sideways movement could continue until the current range is maintained. Hence, the breach of $9.40 level is crucial for LINK price. ម៉ៃឃើលវ៉ាន់ដឺប៉ុប, a popular crypto trader, a retest for Chainlink retest around $7.80 could trigger a breakout way beyond the current resistance level. He said LINK was slightly breaking out if there is a retest around $7.80.
“I would be happy to long, resistance around $8.50-9.00, before we continue towards $15-20.”
Development wise, the project could have significant upside if it delivers as per plans. Recently, Chainlink founder Sergey Nazarov revealed plans to add various AI based use cases for the blockchain.
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ខ្លឹមសារដែលបានបង្ហាញអាចរាប់បញ្ចូលទាំងគំនិតផ្ទាល់ខ្លួនរបស់អ្នកនិពន្ធនិងស្ថិតក្នុងស្ថានភាពទីផ្សារ។ ធ្វើការស្រាវជ្រាវទីផ្សាររបស់អ្នកមុនពេលវិនិយោគលើគ្រីបគ្រីប។ អ្នកនិពន្ធឬការបោះពុម្ពផ្សាយមិនទទួលខុសត្រូវចំពោះការបាត់បង់ហិរញ្ញវត្ថុផ្ទាល់ខ្លួនរបស់អ្នកទេ។
Source: https://coingape.com/chainlink-link-on-the-verge-of-breakout-if-this-support-breaks/