CandleFocus 3 Key Reasons Why Chainlink Price Could Hit $30 This Week
2024-12-09
Author: Content Editor
The crypto market experienced a downturn as Bitcoin dropped below the $100k mark, causing a consolidation phase in the altcoin market. Despite this, Chainlink's price showed a bull-flag pattern, suggesting a potential rise to $30. Chainlink also saw a significant increase in daily active addresses, indicating growing interest and engagement in the project. A large crypto whale purchased a substantial amount of LINK tokens and borrowed USDT to potentially buy more, demonstrating confidence in LINK's future. The Chainlink price has been consolidating within a specific range, but the formation of a bull-flag pattern suggests a potential breakout and rally to $30 and $36.
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