🔥🔥🔥 #Chainlink Price Predictions: Is $LINK Ready to ‘Moon’ During This Bull Cycle?
Recently, Chainlink's (LINK) price dipped to approximately $15 but is anticipated to rebound, as per several analysts. Factors such as negative exchange netflow indicate a decline in selling pressure, suggesting potential for significant short-term value appreciation.
In recent LINK forecasts, despite its recent stagnation with a 26% monthly decline, analysts speculate that the current price level could mark the beginning of a notable rally in the upcoming months. Crypto Wolf, an analyst, lists LINK among the "mooners" for this bullish phase, alongside altcoins like Floki Inu (FLOKI), Polkadot (DOT), and NEAR Protocol (NEAR).
Additionally, SlumDOGE Millionaire, known for analyzing Dogecoin, considers LINK as one of the top "blue chip" #cryptocurrencies . Notably, Dogecoin ($DOGE ), Cardano (ADA), and Solana ($SOL ) are also included in this category.
Moreover, another analyst predicts that Chainlink's native token has the potential for a 10x-20x price increase, aligning with other altcoins like AVAX, INJ, SEI, ICP, HONEY, and KAS.
Examining recent trends, one indicator supporting the potential short-term rally for LINK is its negative exchange netflow over the past two days, as reported by CryptoQuant. This shift towards self-custody methods away from centralized exchanges is viewed as #bullish , as it diminishes immediate selling pressure.
Source - cryptopotato.com