bullish

Rally

Chainlink

<ul class="wp-block-list">
 <li>Chainlink ($LINK) is showing signs of a breakout, with a 243% potential rise toward $47.154, signaling a strong bullish trend.</li>  
 <li>Despite low trading volume, Chainlink’s breakout above key resistance levels suggests a shift toward upward momentum.</li>  
 <li>Chainlink’s new initiative with AI and oracles could revolutionize corporate data, involving major global financial institutions.</li> 
</ul>  
<p>Market expert JavonMarks recently tweeted that the cryptocurrency is preparing for a big price spike near the $47.154 objective. Given that Chainlink's price looks poised to breach key resistance levels, this represents a possible 243% run from its current levels.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/JavonTM1/status/1854968951723172243
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</figure>  
<h2 class="wp-block-heading" id="h-technical-analysis-shows-upward-momentum">Technical Analysis Shows Upward Momentum</h2>  
<p>After reaching its top in early 2021, Chainlink's price chart covering the period from 2020 to late 2024 shows a lengthy downward trend. Following that, there was a small period of consolidation between mid-2022 and 2024, but otherwise, the price has been sharply declining.&nbsp;</p>  
<p>The cryptocurrency has oscillated within a downward-sloping channel during this phase, with multiple peaks and troughs indicating steady but controlled movement downward. Recently, however, Chainlink has moved above the channel's upper resistance line, signaling a potential breakout.</p>  
<p>This breakout is noteworthy, considering the consolidation phase and the volume data. The volume trendline <a href="https://cryptonewsland.com/link-remains-bullish-despite-short-term-setbacks/" target="_blank" rel="noopener noreferrer nofollow">shows a decrease in trading activity</a>, which suggests lower participation from traders during this period.&nbsp;</p>  
<p>However, the breakout has occurred with low volume, which implies caution in the market. Despite this, the upward breakout suggests a shift in trend direction. If momentum continues, Chainlink could see a <a href="https://coinmarketcap.com/currencies/chainlink/" target="_blank" rel="noopener noreferrer nofollow">price surge</a> toward the projected $47.154 target, offering a substantial opportunity for investors.</p>  
<h2 class="wp-block-heading" id="h-chainlink-s-growth-beyond-price-action">Chainlink’s Growth Beyond Price Action</h2>  
<p>Additionally, Chainlink continues to push the boundaries of blockchain technology. Recently, the team behind the protocol revealed a new initiative combining AI, oracles, and blockchain to address gaps in corporate action data.&nbsp;</p>  
<p>This project <a href="https://www.forbes.com/sites/lawrencewintermeyer/2024/11/07/big-financial-institutions-solve-a-31-trillion-problem-with-ai-and-blockchain/" target="_blank" rel="noopener noreferrer nofollow">involves</a> several major financial market infrastructure (FMI) providers, including Swift, Euroclear, and prominent investment firms like Franklin Templeton and Wellington Management.</p>  
<p><a href="https://cryptonewsland.com/chainlink-oracle-services-build-advanced-smart-contracts/" target="_blank" rel="noopener noreferrer nofollow">Chainlink’s Oracle network enables blockchain-based solutions</a> across various sectors. With over $16 trillion in transaction value facilitated, Chainlink’s Cross-Chain Interoperability Protocol enhanced interoperability across different blockchain networks.</p> 
<p>The post <a href="https://cryptonewsland.com/is-chainlink-link-ready-for-a/" rel="noopener noreferrer nofollow">Is Chainlink ($LINK) Ready for a 243% Surge? Analyst Predicts Big Rally Ahead</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Is Chainlink ($LINK) Ready for a 243% Surge? Analyst Predicts Big Rally Ahead

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