LINKNewsPrice Prediction

LINK News Today: LINK Coin Eyes $14.779 in Market Forecast, 10 Jan 2024

1 Mins read

Chainlink (LINK), a decentralized oracle network, is currently priced at $13.655 as of 3:22 am UTC. Just below its pivot price of $13.735, LINK is at a crucial point that could signal either a bullish or bearish trend in today’s market.

LINK News Today
LINK News 10 Jan 2024
LINK Price Prediction Today

LINK’s current market position, slightly below the pivot price, sets up a scenario where it could target higher resistance levels if it gains bullish momentum. Conversely, failure to surpass the pivot price might push the coin towards its support levels, indicating a potential bearish trend.

LINK News Today
LINK News 10 Jan 2024
LINK Price Prediction Today

This chart is generated from Tradingview.com: https://in.tradingview.com/chart/?symbol=BINANCE%3ALINKUSDT.P

In the dynamic cryptocurrency market, LINK faces the possibilities of both appreciation and depreciation. While the potential for an increase towards the resistance levels exists, the risk of a downturn towards the support levels is also a significant factor, providing a balanced market perspective.

Yesterday’s trading data reveals that LINK reached a high of $14.263 and a low of $13.219. The high, approaching the first resistance level, suggests the possibility of a bullish trend, while the low highlights the volatility and unpredictable nature of the cryptocurrency market.

A detailed examination of the LINK/USDT daily chart from yesterday provides insights into the coin’s recent market behaviour. The close approach to the first resistance level could be indicative of LINK’s potential to reach and possibly surpass higher levels today. However, the significant fluctuation between the high and low points underscores the need for cautious optimism among traders and investors.


Disclaimer: This article is for educational purposes only and should not be construed as financial advice. Trading in cryptocurrencies involves significant risks, and it is advisable for investors to conduct their own research or consult with a financial expert before making any investment decisions.

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About author
Matthew Garcia is a crypto article writer with over 5 years of experience in the industry. He is passionate about writing about the latest news and trends in the cryptocurrency space, and he has a deep understanding of the technology behind blockchain. Matthew Garcia has written for a variety of publications, including CoinDesk, The Block, and CryptoSlate. He is also a regular contributor to the Ailtra.io blog, where he writes about the latest developments in the Ailtra ecosystem. Matthew Garcia is a skilled writer with a knack for explaining complex technical concepts in a clear and concise way. He is also a creative writer who is able to produce engaging and informative content. Matthew Garcia is always up-to-date on the latest news and trends in the crypto space, and he is always looking for new ways to share his knowledge with others.
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