CandleFocus Chainlink (LINK) Price Prediction: Key Indicators Hints at $12 Rebound
2024-09-09
Author: Content Editor
Chainlink's price has shown signs of recovery, with a 4.20% rise in the last 24 hours, aiming to return to the $12 level after dropping below $10 recently. Rising Open Interest (OI) and an increase in large transactions suggest growing liquidity and interest in the cryptocurrency, supporting the current price increase and suggesting the uptrend may continue. The cryptocurrency may be forming a V-shaped recovery, and if the Relative Strength Index (RSI) climbs above 50.00, it could confirm a bullish outlook. However, resistance at $10.75 could cause a retracement to $10.05 if not broken by the bulls.
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