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Chainlink

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  <h3 class="wp-block-heading the-subtitle" id="story-highlights">Story Highlights</h3>  
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   <li>Chainlink price soars ~11% in 24 hours and is currently valued at $20.53.</li>  
   <li>Technical indicator EMA 50/200-day record a Golden Cross in the daily time frame.</li>  
   <li>Sustained bullish sentiment could push the price of this altcoin toward $26 this month.</li> 
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  <p>Despite the Bitcoin price losing momentum, the altcoin market has displayed an impressive price rally over the last seven days. Moreover, by successfully reclaiming the $20 mark, the LINK price continues to be under the limelight of investors.</p>  
  <p>With the LINK price hovering close to its 52-week high, will the Chainlink price maintain its bullish price action and surpass the $23 mark this week? In this article, we have covered the possible short-term price prospect of the Chainlink (LINK) crypto token.</p>  
  <h2 class="wp-block-heading" id="h-chainlink-price-experiences-increased-bullish-price-action">Chainlink Price Experiences Increased Bullish Price Action!</h2>  
  <p>With an intraday surge of 10.83% and a trading volume of $1.672 billion, the LINK coin price has maintained its bullish price rally. Notably, this altcoin is trading within an ascending channel pattern and has surged ~77% over the last 3 weeks.</p>  
  <figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/12/02175637/Chainlink-Price-Analysis-02nd-December-2024-1024x541.webp" alt="Chainlink Price Experiences Increased Bullish Price Action!" class="wp-image-388016">
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    TradingView: LINK/USDT
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  <p>The EMA 50/200-day has displayed a Golden Cross in the daily time frame. This highlights a significant increase in the buying pressure for the Chainlink token in the crypto market.</p>  
  <p>Further, the Relative Strength Index (RSI) has breached the overbought range in the LINK price chart. With its average trendline experiencing a steady rise, this altcoin is projected to continue adding value to its portfolio this week.</p>  
  <h2 class="wp-block-heading" id="h-will-link-price-record-a-new-52-week-high-this-week">Will LINK Price Record A New 52-week High This Week?</h2>  
  <p>Maintaining the price above its support level will set the stage for the Chainlink token to retest its resistance level of $23. Furthermore, if the bullish sentiment intensifies, this could push the price toward its upper price target of $26.</p>  
  <p>On the flip side, a bearish reversal could pull the price toward its support level of $20. Moreover, if the bears dominate the cryptocurrency space, this could result in this altcoin plunging toward its lower support trendline of $17 this month.</p>  
  <p>Curious to explore the long-term price prospects of the LINK crypto? Read CoinPedia’s <a href="https://coinpedia.org/price-prediction/chainlink-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Chainlink Price Prediction</a> and subscribe to us to stay updated on the latest cryptocurrency news!</p>  
  <h2 class="wp-block-heading" id="h-faqs">FAQs</h2>  
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   <div class="schema-faq-section" id="faq-question-1733142282684"><strong class="schema-faq-question"><strong>Can Chainlink hit $50?</strong></strong>
    <p class="schema-faq-answer">For LINK price to achieve this price target, it will require a surge of 143.54% in its current valuation.</p>
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   <div class="schema-faq-section" id="faq-question-1733142283498"><strong class="schema-faq-question"><strong>Is Link a good buy?</strong></strong>
    <p class="schema-faq-answer">The Chainlink crypto token surged 76.89% in November, resulting in it being closely monitored by top crypto investors and whales.</p>
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   <div class="schema-faq-section" id="faq-question-1733142284130"><strong class="schema-faq-question"><strong>What will Chainlink be worth in 2025?</strong></strong>
    <p class="schema-faq-answer">If the bullish sentiment sustains, it may surpass the $100 mark with a potential high of around $103.</p>
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Chainlink Price Analysis: LINK Price Hits $20, Eyes 40% Rally?

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