CandleFocus Chainlink (LINK) Eyes $1.6 Billion Profits as Analyst Points to 37% Gain
2024-11-09
Author: Content Editor
Chainlink (LINK) has recently broken out of its three-month consolidation range, indicating a potential uptrend and a target price of $14 and potentially higher. Analyst Michael van de Poppe predicts a strong rally for Chainlink, with a potential rise towards $17.83, representing a 37% increase. The successful move above $13.00 is expected to boost investor confidence and further supported by Chainlink's Global In/Out of the Money indicator. If the prediction holds true, LINK holders may see substantial gains and the potential profitability could fuel even greater interest in the asset. However, failing to break past the resistance at $14.45 could lead to a retracement to the support level of $12.94.
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