CandleFocus 3 signs that forecast Chainlink price will rise to $50
2024-12-13
Author: Content Editor
Chainlink (LINK) has been experiencing a strong rally in price, reaching its highest level since November 2021 at $29.4. This marks the fourth consecutive week of gains for Chainlink, its longest streak since 2023. There are indications that the price will continue to rise, with potential to reach $100. Whales have been accumulating the coin steadily, while smaller holders have been selling. This trend is typically positive for a cryptocurrency. Additionally, Chainlink has forged significant partnerships, including collaborations with Coinbase and Emirates NBD. It has also become the largest oracle network in terms of total value secured. The weekly chart shows a strong bullish trend, with the next key level to watch at $52, Chainlink's all-time high.
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