Rally

Chainlink

Avalanche

<p>The post <a href="https://coinpedia.org/price-analysis/chainlink-link-avalanche-avax-prices-may-erupt-soon-may-trigger-a-15-rally-soon/">Chainlink (LINK) &amp; Avalanche (AVAX) Prices May Erupt Soon: May Trigger a 15% Rally Soon</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The crypto bulls appear to have entered a trivial consolidation phase, as the majority of them have dropped below their newly gained highs. Amid the bearish pressure, Chainlink (LINK) and Avalanche (AVAX) prices are showing some signs of a rebound. However, the bears do have a major dominance at the moment but if the bulls display some strength, the prices could erupt into the next major resistance.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-chainlink-link-price-analysis">Chainlink (LINK) Price Analysis</h2> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/4l1zF7_tDogfubLk6tWiHFM-UoHS_r0EiHw0R7Zkpn2QUqYgYsOvrQa2KbWqEvDvrVmKNhQ4W72QEk9mcp9W3tcUYIwMKftZPlNSVIrrusmhBHg75VV1E_NqG4JLbOJ0I1Hl2rwQTFomFUFcl-tAQlw" alt="">
</figure> 
<ul> 
 <li>The <a href="https://coinpedia.org/price-prediction/chainlink-price-prediction/" target="_blank" rel="noreferrer noopener">Chainlink price</a> is heavily consolidating above the newly formed resistance-turned-to-support levels, which signals the growing strength among the bulls</li> 
</ul> 
<ul> 
 <li>With this, the DMI is suggesting the token remain under consolidation between $19 and $23 for a few weeks as the +Di &amp; -Di may undergo a bearish crossover, which may compel the price to trade sideways</li> 
</ul> 
<ul> 
 <li>Therefore, the levels may maintain an ascending consolidation and later undergo a bullish breakout beyond $25</li> 
</ul> 
<ul> 
 <li>Besides, the depleting volume may raise some concerns, which could delay the breakout, but the token undergoing a bearish pullback could be unlikely.&nbsp;</li> 
</ul> 
<h3 class="wp-block-heading" id="h-avalanche-avax-price-analysis">Avalanche (AVAX) Price Analysis</h3> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/UbQhMCiXnMCqK5-p2dfiQay0lGH9ZUmUuNiUHSSVVZhhtMAdf8sKqds5Lgfq0SLh3d1-UW8IBXUsRTIu4vK0OzafSKdusjPjVSqfTBr5G5-Lm1PCJBzmp-5uGHxVruz2UuepAXidyFWdFwC4vn6ZQBs" alt="">
</figure> 
<ul> 
 <li>The <a href="https://coinpedia.org/price-prediction/avalanche-avax-price-prediction/" target="_blank" rel="noreferrer noopener">Avalanche price</a> has been displaying acute strength for a long time and has maintained levels around the gains&nbsp;</li> 
</ul> 
<ul> 
 <li>Although the latest pullback has dragged the levels slightly lower, the bulls have managed to hold the price above the support, which suggests a rebound could be fast approaching</li> 
</ul> 
<ul> 
 <li>The RSI is trying to trigger a rebound at the average levels, while the MACD is flashing bearish signals. Therefore, the AVAX price may either experience equal bullish or bearish pressure or else both are expected to remain passive.</li> 
</ul> 
<ul> 
 <li>In both cases, the price could remain still with negligible volatility and may initiate a flip as the selling pressure fades</li> 
</ul>

Chainlink (LINK) & Avalanche (AVAX) Prices May Erupt Soon: May Trigger a 15% Rally Soon

Table of Contents

CoinPedia News

Other articles published on Feb 20, 2024

Option2Trade (O2T) Earning Token Becomes Market NO.1 Ahead of Shiba Inu (SHIB) and Worldcoin (WLD)

Chinese Authorities Warn Public About Crypto Scams amid Crackdown

Significant Developments in Bitcoin and Major Altcoin Projects

Filecoin (FIL) Price Shoots By 16%, Gears Up For 200% Surge to $25

Aptos (APT) Breaks Through, Litecoin (LTC) Eyes Reversal as Helium (HNM) Rides the Bull Wave: A N...

UK crypto firms can now rely on Englebert for FCA-compliant ads

Join our free newsletter for daily crypto updates!