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Chainlink long-term Price Analysis: 22 October

Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Chainlink and most of the market’s altcoins suffered a brutal crash after the DeFi craze came to a halt. However, there seems to be a revival coming for these altcoins, with some of them […] The post Chainlink long-term Price Analysis: 22 October appeared first on AMBCrypto.

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Chainlink short-to-medium term Price Analysis: 04 October

Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice At press time, LINK was trading at $9.19, with the cryptocurrency’s price within a bearish channel. Hence, a drop can be expected on the charts. In fact, a recap of Chainlink’s charts shows […] The post Chainlink short-to-medium term Price Analysis: 04 October appeared first on AMBCrypto.

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Chainlink medium-term Price Analysis: 27 September

Chainlink and its marines are in utter disbelief after the coin dropped by 62% from its ATH in just over a month. Regardless, the marines have diamond hands and are holding their bags, especially retail. Their patience might be rewarded soon, however, as the price was pointing towards a bullish breakout soon. However, the bears […] The post Chainlink medium-term Price Analysis: 27 September appeared first on AMBCrypto.

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Chainlink long-term Price Analysis: 10 September

With the digital asset market stabilizing on the charts to attain some recovery over the past week, Chainlink has been the one to lead this pack of altcoins. Recovering from a local bottom of $9.10, the crypto-asset has done well to briefly re-test the $13-mark over the past 12-hours. However, the appalling bearish pressure continues to be dominant on the charts and despite strong efforts to regain a position above the $13-$15 range, LINK may be looking at another phase of correction over the next few days. Chainlink 6-hour chart Source: LINK/USD on TradingView The 6-hour chart for Chainlink suggested…

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Chainlink short-term Price Analysis: 07 September

Chainlink has suffered as many altcoins have. In fact, LINK marines seemed to be scrambling as the cryptocurrency’s price trotted around the $12-mark, with more dips expected. The market cap of LINK had shrunk from $6.3 billion a week ago to $4.5 billion, as of writing. The 24-hour price change didn’t point to a sign of hope and neither did the 7-day change, the latter of which was – 27%. While this bearishness is connected with Bitcoin’s drop, we’ll have to wait until after the drop is over to expect any sign of major bullishness in the market. LINK 4-hour…

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Chainlink long-term Price Analysis: 3 September

In retrospect, LINK seems to have topped at $21. Since touching the aforementioned price point, LINK has slowly but surely headed down the charts, with the same valued at $14.56, at the time of writing. In fact, Chainlink’s market cap has fallen by ~$500 million in the last 24 hours alone. At the time of writing, LINK’s price was in a dilemma since the pattern was bullish, but the likelihood of a bullish breakout was low. Hence, we might see LINK go down to $11 if the worst-case scenario pans out. Chainlink daily chart Source: LINKUSD on TradingView The one-day…

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Chainlink short-term Price Analysis: 31 August

Disclaimer: The findings of the following article should not be taken as investment advice and the same should materialize over the next 24-48 hours After a bullish return on the charts, Chainlink seemed destined to reclaim a position above $18 after going past $17.50 over the last 24-hours. However, the last resistance before the $18-mark held firm, following which, LINK registered a 7.8 percent decline. With the valuation of the cryptocurrency reaching the end of a short-selling squeeze, the chances of recovery are valid again. At the time of writing, Chainlink had a market cap of $5.7 billion with a…

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Chainlink long-term Price Analysis: 27 August

Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Chainlink’s long-term market and its impact on the price  The last few weeks have contributed to the crypto-market noting a rally and later, a correction. Chainlink [LINK] has proven to be a popular altcoin lately, with its low correlation with the world’s largest digital asset, Bitcoin, helping it move independently on the charts. With the rest of the market seeing prices table off and stabilize on the charts, LINK’s market noted its price retracting from a peak of $20.06 to $15.39, at press time. Source: LINK/USD…

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Chainlink long-term Price Analysis: 20 August

Disclaimer: The findings of the following article attempt to analyze the evolving patterns in Chainlink’s long-term market and its impact on the price At the time of writing, the crypto-market had begun correcting, with many of the market’s major cryptos dropping in value over the past couple of days. Chainlink [LINK], while it managed to rise on the rankings to establish its position on the charts, was also seeing its price fall, but this was only after LINK reported an all-time high of $20. The press time value of the digital asset had slipped to $16.325, with its market open…

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Chainlink long-term Price Analysis: 06 August

Disclaimer: The following article attempts to analyze the evolving pattern in Chainlink’s long-term market and its impact on LINK’s price  Unlike most cryptocurrencies in the market, Chainlink has been climbing the price ladder for a long time now. Despite the larger market noting staggering periods of depreciation recently, its growing market capitalization has pushed LINK up to the ninth position on CoinMarketCap’s list. In fact, LINK has raked in nearly 379% in gains for investors in YTD, despite it now being part of a bearish pattern. Source: LINK/USD on TradingView As noted in the daily chart attached herein, the price…

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