{"id":552149,"date":"2023-09-20T19:00:26","date_gmt":"2023-09-20T19:00:26","guid":{"rendered":"https:\/\/uniquehot.com\/?p=552149"},"modified":"2024-06-11T10:35:37","modified_gmt":"2024-06-11T10:35:37","slug":"chainlink-analysts-vision-of-a-20-rally-and-how-it-could-happen","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/chainlink-analysts-vision-of-a-20-rally-and-how-it-could-happen\/","title":{"rendered":"Chainlink: Analyst&#8217;s Vision Of A 20% Rally And How It Could Happen"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Chainlink (LINK) has caught the attention of crypto analyst Rekt Capital, who has offered an optimistic outlook for LINK. In a new price prediction, he suggested that the decentralized oracle network is on the verge of a significant recovery.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Rekt Capital, a prominent figure in the crypto community, took to the social media platform X to share insights on Chainlink&#8217;s recent performance. <\/span><a href=\"https:\/\/twitter.com\/rektcapital\/status\/51436964\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">According to the analyst<\/span><\/a><span style=\"font-weight: 400\">, LINK has shown resilience by respecting its range-high resistance, a crucial milestone following its notable surge in price back in July. This achievement has ignited hopes of a sustained upward trajectory.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Despite its promising trajectory, LINK has experienced some fluctuations in recent weeks. The cryptocurrency dropped to a recent low of $5.76, a level that Rekt Capital points out as being close to the asset&#8217;s range-low support.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/all\/halving-hype-bitcoin-gearing-up-for-a-parabolic-ride-analyst-says\/\" target=\"_blank\" rel=\"noopener \">Halving Hype: Bitcoin Gearing Up For A Parabolic Ride, Analyst Says<\/a><\/div>\n<p><span style=\"font-weight: 400\">However, Chainlink seems to be regaining its footing, with its current price sitting at $6.81 according to <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/chainlink\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\">, marking a 1.2% increase in the last 24 hours and an impressive seven-day rally of 15.5%. These positive indicators have fueled anticipation within the crypto community.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$LINK<\/a> has rejected from its Range High resistance<\/p>\n<p>Price is down -13% since then<\/p>\n<p>But if <a href=\"https:\/\/twitter.com\/hashtag\/LINK?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#LINK<\/a> were to drop into the Range Low support&#8230;<\/p>\n<p>Price would need to drop an additional -20% to the downside<a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Chainlink<\/a> <a href=\"https:\/\/t.co\/GS3C2IYeiw\" rel=\"nofollow\">pic.twitter.com\/GS3C2IYeiw<\/a><\/p>\n<p>\u2014 Rekt Capital (@rektcapital) <a href=\"https:\/\/twitter.com\/rektcapital\/status\/92522240?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 4, 2023<\/a><\/p><\/blockquote>\n<h2><strong>A Bullish Prediction For Chainlink<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Rekt Capital&#8217;s analysis doesn&#8217;t stop at the current price trends. The crypto analyst <\/span><a href=\"https:\/\/dailyhodl.com\/2023\/09\/19\/crypto-analyst-predicts-over-20-rally-for-chainlink-link-updates-forecast-for-dogecoin-doge\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">predicts<\/span><\/a><span style=\"font-weight: 400\"> that Chainlink &#8220;should be able to revisit the range-high resistance,&#8221; which is situated at around $8.186. If this prediction holds true, it would represent an additional 20.5% increase from the current price, promising further gains for LINK holders.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This price surge coincides with a notable uptick in Chainlink&#8217;s Relative Strength Index (RSI), which, as of the latest analysis, stands above 60. An RSI above 60 indicates a robust bullish trend in the market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Moreover, <\/span><a href=\"https:\/\/ambcrypto.com\/chainlink-forges-a-new-path-of-gains-losses-and-whale-moves\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Chainlink&#8217;s price<\/span><\/a><span style=\"font-weight: 400\"> has climbed above the short-term Moving Average, previously acting as a resistance level. It is also approaching a position where it may surpass the long-term Moving Average, signaling potential for sustained upward movement.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/hFn7A9H8\/\" width=\"2475\" height=\"1179\"><\/p>\n<pre style=\"text-align: center\">Chainlink (LINK) is currently trading at $6.81. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<h2><strong>Mysterious Wallet Activity<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Intriguingly, recent wallet activity has garnered significant attention in the Chainlink ecosystem. <\/span><a href=\"https:\/\/twitter.com\/lookonchain\/status\/09686045\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Data from Lookonchain<\/span><\/a><span style=\"font-weight: 400\"> reveals that over 35 new LINK addresses were established just three days ago. These newly created addresses have started withdrawing LINK tokens from Binance (BNB), with a cumulative withdrawal exceeding 755,000 LINK tokens, valued at over $5 million.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">We noticed that ~35 fresh wallets created 3 days ago started withdrawing <a href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$LINK<\/a> from <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Binance<\/a> today.<\/p>\n<p>And have withdrawn a total of 755,687 <a href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$LINK<\/a> ($5.08M) so far.<\/p>\n<p>Are there whales accumulating <a href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$LINK<\/a>? <a href=\"https:\/\/t.co\/IYte19TmTE\" rel=\"nofollow\">pic.twitter.com\/IYte19TmTE<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/09686045?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 19, 2023<\/a><\/p><\/blockquote>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/all\/bnb-trading-sideways-in-last-30-days-is-stagnation-likely-until-october\/\" target=\"_blank\" rel=\"noopener \">BNB Trading Sideways In Last 30 Days \u2013 Is Stagnation Likely Until October?<\/a><\/div>\n<p><span style=\"font-weight: 400\">The motive behind these substantial withdrawals remains undisclosed as of now, leaving room for speculation within the crypto community. Some analysts suggest that this activity might indicate a significant accumulation move by a whale investor, potentially adding another layer of intrigue to Chainlink&#8217;s evolving narrative.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As Chainlink continues to make strides in the crypto space, investors and enthusiasts will undoubtedly be closely monitoring its progress, hoping that Rekt Capital&#8217;s bullish predictions come to fruition. In the ever-volatile world of cryptocurrencies, the only certainty is that surprises are never far behind.<\/span><\/p>\n<p><em>(This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n<p><em><span style=\"font-weight: 400\">Featured image from Vecteezy<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink (LINK) has caught the attention of crypto analyst Rekt Capital, who has offered an optimistic outlook for LINK. In a new price prediction, he suggested that the decentralized oracle network is on the verge of a significant recovery. Rekt Capital, a prominent figure in the crypto community, took to the social media platform X to share insights on Chainlink&#8217;s recent performance. According to the analyst, LINK has shown resilience by respecting its range-high resistance, a crucial milestone following its notable surge in price back in July. This achievement has ignited hopes of a sustained upward trajectory. Despite its promising trajectory, LINK has experienced some fluctuations in recent weeks. The cryptocurrency dropped to a recent low of $5.76, a level that Rekt Capital points out as being close to the asset&#8217;s range-low support.\u00a0 Related Reading: Halving Hype: Bitcoin Gearing Up For A Parabolic Ride, Analyst Says However, Chainlink seems to be regaining its footing, with its current price sitting at $6.81 according to CoinGecko, marking a 1.2% increase in the last 24 hours and an impressive seven-day rally of 15.5%. These positive indicators have fueled anticipation within the crypto community. $LINK has rejected from its Range High resistance Price is down -13% since then But if #LINK were to drop into the Range Low support&#8230; Price would need to drop an additional -20% to the downside#Crypto #Chainlink pic.twitter.com\/GS3C2IYeiw \u2014 Rekt Capital (@rektcapital) August 4, 2023 A Bullish Prediction For Chainlink Rekt Capital&#8217;s analysis doesn&#8217;t stop at the current price trends. The crypto analyst predicts that Chainlink &#8220;should be able to revisit the range-high resistance,&#8221; which is situated at around $8.186. If this prediction holds true, it would represent an additional 20.5% increase from the current price, promising further gains for LINK holders. This price surge coincides with a notable uptick in Chainlink&#8217;s Relative Strength Index (RSI), which, as of the latest analysis, stands above 60. An RSI above 60 indicates a robust bullish trend in the market.\u00a0 Moreover, Chainlink&#8217;s price has climbed above the short-term Moving Average, previously acting as a resistance level. It is also approaching a position where it may surpass the long-term Moving Average, signaling potential for sustained upward movement. Chainlink (LINK) is currently trading at $6.81. Chart: TradingView.com Mysterious Wallet Activity Intriguingly, recent wallet activity has garnered significant attention in the Chainlink ecosystem. Data from Lookonchain reveals that over 35 new LINK addresses were established just three days ago. These newly created addresses have started withdrawing LINK tokens from Binance (BNB), with a cumulative withdrawal exceeding 755,000 LINK tokens, valued at over $5 million. We noticed that ~35 fresh wallets created 3 days ago started withdrawing $LINK from #Binance today. And have withdrawn a total of 755,687 $LINK ($5.08M) so far. Are there whales accumulating $LINK? pic.twitter.com\/IYte19TmTE \u2014 Lookonchain (@lookonchain) September 19, 2023 Related Reading: BNB Trading Sideways In Last 30 Days \u2013 Is Stagnation Likely Until October? The motive behind these substantial withdrawals remains undisclosed as of now, leaving room for speculation within the crypto community. Some analysts suggest that this activity might indicate a significant accumulation move by a whale investor, potentially adding another layer of intrigue to Chainlink&#8217;s evolving narrative. As Chainlink continues to make strides in the crypto space, investors and enthusiasts will undoubtedly be closely monitoring its progress, hoping that Rekt Capital&#8217;s bullish predictions come to fruition. In the ever-volatile world of cryptocurrencies, the only certainty is that surprises are never far behind. (This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Vecteezy<\/p>\n","protected":false},"author":557,"featured_media":552192,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,1144,16295,8686,82825,4735,69575],"class_list":["post-552149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-btcusd","tag-chainlink","tag-ethusd","tag-link-price","tag-price-action","tag-rekt-capital"],"acf":[],"yoast_head":"\n<title>Chainlink: Analyst&#039;s Vision Of A 20% Rally<\/title>\n<meta name=\"description\" content=\"Chainlink (LINK) has caught the attention of crypto analyst Rekt Capital, who has offered an optimistic outlook for LINK. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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