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    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

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    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    The Police Made Chart History With This 1979 Hit Nearly 50 Years Ago – Yahoo

    How The Police Changed Music Forever with Their Iconic 1979 Hit Nearly 50 Years Ago

    Good Deed Entertainment Acquires Worldwide Rights To Liza Mandelup’s Documentary ‘Caterpillar’ – Deadline

    Good Deed Entertainment Lands Global Rights to Liza Mandelup’s Captivating Documentary ‘Caterpillar

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Jussie Smollett Claims He Was ‘Disrespected’ on the ‘Special Forces’ Season Premiere – Yahoo

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    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

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    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

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    Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

    Steampunk Metal Oval Technology Sense Sunglasses Personality Handmade Chain Multicolor Sunglasses UV400 – The San Joaquin Valley Sun

    Steampunk Metal Oval Sunglasses with Handmade Multicolor Chain – Bold UV400 Protection and Unique Style

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    STELLA Automotive AI Appoints Fred Seidelman as New Chief Technology Officer

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Will Chainlink (LINK) Price Hit $20 In Next 48 Hours?

February 5, 2024
in Business
Will Chainlink (LINK) Price Hit $20 In Next 48 Hours?
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Analyst Eric Krown Crypto has pointed out that Chainlink (LINK) is on the verge of an important move, marking an event it hasn’t seen in over two years. Krown said that the historical role of Chainlink is a leading indicator for the broader cryptocurrency market, particularly influencing Bitcoin’s trajectory. Krown’s observations primarily focus on Chainlink’s weekly chart, hinting at possible developments in the cryptocurrency market over the next few weeks. 

Krown suggested potential price targets, with $20 as a key watch level. However, he underlined the critical importance of Chainlink maintaining its position above the January lows, approximately at $12.50.

If Chainlink manages to close above the crucial 50% retracement level, it could signify the resumption of an upward trend. This potential breakout is assessed within a low volatility environment, indicating the completion of a consolidation phase initiated in early November.

He mentioned that the bulls are currently in control, which could potentially trigger a substantial rally. From a percentage standpoint, moving from the 50% level to, let’s say, a $20 target represents more than a 21.5% increase, a significant development. This could serve as the next achievable target in the coming weeks. It’s essential to note that these projections may extend further, possibly reaching around 24%, as seen in a two-spot extension scenario. 

However, it’s crucial to remain cautious and consider various factors before jumping to conclusions. If Chainlink shows strength in this manner, it may also indicate a stronger case for Bitcoin potentially having established a low, though this scenario is still considered unlikely.

At the time of writing, Chainlink is heading towards the $20 mark. The coin is up by over 6 percent in the last 24 hours and is trading at $18.79.

Photo of Nidhi Kolhapur

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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