Chainlink Price Analysis! IS LINK Ready To Go To The Moon During This Bull Cycle? 🤔
When we all opened our eyes in the morning, we saw that Bitcoin and cryptocurrencies turned on the red lights. Most of us probably have significant harm. Of course, if it was not sold at a loss, there is no problem. However, it is very difficult for everyone to withstand such declines. In investor psychology, the atmosphere of panic brings with it the wave of sales.
LINK Price May Increase
After the recent decline, the price of Chainlink (LINK) is around $15, but many analysts are expecting a rise in the near future. Factors such as negative stock market net flow show that the selling pressure has decreased and the potential for a significant increase in value in the short term.
Earlier this year, Chainlink's native token LINK, one of the best performing cryptocurrencies on the market, has experienced a decline recently. However, according to analysts, these lows could be the start of a major rally in the coming months.
10x-20x Increase Potential
Analyst SlumDOGE Millionaire, who frequently refers to Dogecoin, stated that LINK is currently one of the best “blue-chip” cryptocurrencies. After Dogecoin, the largest meme coin by market capitalization, Cardano's ADA and Solana's LEFT were also included in the analysis.
Looking at the latest trends, a key factor that pointed out that LINK is ready for a rally in the short term has been the asset's return to negative stock net flow in the last two days. The transition from centralized exchanges to exit and self-custody methods can support the rise of LINK by reducing sudden selling pressure.
