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Chainlink

<p>Amid the ongoing bullish recovery in the crypto space this week, the BTC price has retested its $73,000 level. With this, major altcoins have added massive valuation to their respective portfolio within a short period.</p>  
<p>Successively, the Chainlink (LINK) price has resurfaced among the top gainers after recording a consolidated price action for a brief period. Will this altcoin hold its bullish momentum or experience a major turnaround this weekend? Scroll down to cover the possible short-term comings.</p>  
<h2 class="wp-block-heading" id="h-link-crypto-successfully-retests-its-important-support"><strong>LINK Crypto Successfully Retests Its Important Support!</strong></h2>  
<p>The Chainlink price has added 4.63% to its portfolio in the past 24 hours with a trading volume of $287.38 million. Moreover, it has added 5.61% over the past week. This highlights a rising bullish sentiment for the altcoin.</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/10/30184705/image-104-317-1024x543.png" alt="LINK Crypto Successfully Retests Its Important Support!" class="wp-image-374203">
</figure>  
<p>Notably, LINK price has been hovering close to its important support/resistance trendline of $11 since August. Moreover, with a market cap of $7.54 billion, it has secured the 14th position in the global cryptocurrency market.</p>  
<h2 class="wp-block-heading" id="h-chainlink-technical-sentiments"><strong>Chainlink Technical Sentiments</strong></h2>  
<p>The EMA 50-day has recorded a bullish convergence in the 1D time frame. This indicates that the LINK coin price may continue gaining value during the upcoming time.</p>  
<p>Further, the Relative Strength Index (RSI) has experienced a significant rise in the price chart with its average trendline recording a bullish convergence. This suggests a bullish outlook for the altcoin this week.</p>  
<h2 class="wp-block-heading" id="h-will-link-price-retest-20-this-q4"><strong>Will LINK Price Retest $20 This Q4?</strong></h2>  
<p>Maintaining the bullish influence could push the price of Chainlink toward its resistance level of $14. Further, if the bulls dominate the crypto space during the upcoming time, this could result in it preparing to test its upper resistance level of $17.</p>  
<p>On the contrary, a bearish reversal could pull the price toward its important support level of $11. Moreover, if the bulls fail to regain momentum at that, this could result in the 14th largest crypto project retesting its yearly low of around the $8 level.</p>  
<p>Curious about the long-term price projections of this altcoin? Read our <a href="https://coinpedia.org/price-prediction/chainlink-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Chainlink (LINK) Price Prediction</a> article to uncover the future mysteries!</p>

Chainlink Price Jumps 6%, LINK Price To Retest $17?

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