Chainlink (LINK) Rallies Before Staking v0.2 Release - Can Price Push Toward $20?


17 Nov 2023 1:00 PM

The release of Chainlink staking v0.2 will be on November 28. The LINK price initiated a bounce on November 14....

  • The Chainlink (LINK) price has fallen slightly since reaching its yearly high of $16.60 on November 11.
  • The price increase accelerated after breaking out from the $9 resistance area, with four bullish weekly candlesticks.
  • LINK is compared to a decentralized version of an AWS platform, offering features like Data Streams, Data Feeds, and Proof of Reserve.
  • The Chainlink team announced that 70 projects are now part of the build program, with enhanced access to Chainlink services and technical support.
  • Chainlink Staking v0.2 will launch on November 28.
  • Technical analysis suggests that LINK is in wave four of a five-wave upward movement, with a potential bottom near the $12.50 support level and a target at the long-term resistance of $19.50.
  • Failure to bounce at the $12.50 support level could lead to a 30% drop to the $10 support level.

The sentiment in the article is generally positive, with discussions about the price increase, the potential for further growth, and the positive developments within the Chainlink ecosystem.

Go to publisher site

You May Ask

What was the highest price of Chainlink (LINK) in November?What features does Chainlink offer in terms of data and computing?How many projects are part of the Chainlink build program?When will Chainlink Staking v0.2 launch?What is the potential target for the LINK price if wave four is complete?

Suggested Reads