Chainlink

<p><a href="https://captainaltcoin.com/chainlink-link-price-charts-reveal-a-major-move-is-imminent-heres-the-outlook/" target="_blank" rel="noopener noreferrer nofollow">Chainlink’s price</a> has shot up recently—growing to over 3 times its value in just a few months. Now it’s pulling back some, and traders are watching closely to see what happens next. On X (formerly Twitter), popular analyst AMCrypto stayed positive about LINK, saying the core strengths haven’t changed and predicting it could reach $100 this market cycle.</p>
<h2 class="wp-block-heading" id="chainlink-price-movement-and-chart-analysis">Chainlink Price Movement and Chart Analysis</h2>
<p><a href="https://captainaltcoin.com/chainlink-presents-a-great-opportunity-chart-suggests-link-price-rally-wont-stop-anytime-soon/" target="_blank" rel="noopener noreferrer nofollow">LINK’s price</a> history shows clear patterns. It fell throughout 2022 and early 2023, before stabilizing around mid-2023. The price then remained relatively stable for the rest of the year. Finally, the price found its footing and started climbing slowly.</p>
<p>Then 2024 hit and LINK took off, breaking through that tough $25 level that had stopped it before. That old resistance at $25 turned into a floor that helped support the price. This upward momentum brought the token to levels above $40 before encountering a correction. Analysts note that this retracement is a natural response following a nearly threefold increase in value.</p>
<h2 class="wp-block-heading" id="technical-patterns-signal-bullish-potential">Technical Patterns Signal Bullish Potential</h2>
<p>The chart displays a textbook cup-and-handle pattern, characterized by a rounded bottom and a breakout above resistance. While the handle is not explicitly visible, the price action strongly mirrors a classic bullish breakout. The previously critical resistance zone, between $23 and $25, has now transformed into a potential support area.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="1015" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-998-1024x1015.png" alt="" class="wp-image-603989" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-998-1024x1015.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-998-300x297.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-998-150x150.png 150w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-998-768x761.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-998-1536x1522.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-998-2048x2030.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-998-151x150.png 151w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-998-100x99.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-998-353x350.png 353w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-998-788x781.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-998.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/AMCryptoAlex/status/1869737196812394962" target="_blank" rel="noopener noreferrer nofollow">X/AMCrypto</a></em></strong>
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<p>Analysts also highlight that the price correction phase could retest this zone. A successful hold above the $23-$25 range could pave the way for LINK’s price to resume its upward trajectory. Meanwhile, the resistance zone between $40 and $47 may act as a near-term barrier as the market assesses the token’s next move.</p>
<h2 class="wp-block-heading" id="analyst-s-prediction-and-investor-sentiment">Analyst’s Prediction and Investor Sentiment</h2>
<p>AMCrypto pointed out that LINK’s fundamentals remain strong despite the correction. The analyst urged investors not to panic sell, expressing confidence that <a href="https://coinmarketcap.com/currencies/chainlink/" target="_blank" rel="noopener noreferrer nofollow">Chainlink’s price</a> could achieve a $100 target during this market cycle. This prediction is based on the assumption that the token’s underlying technology and market adoption will continue to support its growth.</p>
<p>A lot of investors seem hopeful about Chainlink, but they’re keeping a close eye on whether these support levels hold during this correction. How the price acts here could tell us a lot about whether this upward trend has real staying power.</p>
<p>Between the solid tech behind it and decent market confidence, Chainlink remains pretty interesting to crypto traders and longer-term investors these days. Whether it can meet the bold $100 prediction will depend on how well it navigates the current market conditions.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/is-sui-price-gearing-up-for-a-move-to-6-00-here-are-the-key-levels-to-watch/" target="_blank" rel="noopener noreferrer nofollow">Is SUI Price Gearing Up for a Move to $6.00? Here Are the Key Levels to Watch</a></em></strong></p>
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<p>The post <a href="https://captainaltcoin.com/could-chainlink-link-price-hit-100-this-cycle-despite-correction-analyst-explains/" rel="noopener noreferrer nofollow">Could Chainlink (LINK) Price Hit $100 This Cycle Despite Correction? Analyst Explains</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Could Chainlink (LINK) Price Hit $100 This Cycle Despite Correction? Analyst Explains

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