Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»We examine the possibility of LINK’s price breaking above $12 and hitting new highs.
ALTCOIN NEWS

We examine the possibility of LINK’s price breaking above $12 and hitting new highs.

By Crypto FlexsOctober 26, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
We examine the possibility of LINK’s price breaking above  and hitting new highs.
Share
Facebook Twitter LinkedIn Pinterest Email
  • At press time, LINK was showing signs of a potential breakout, supported by bullish technical indicators.
  • Foreign exchange reserves have declined and long-term clearing has highlighted strong bullish sentiment.

Chainlink (LINK) has made significant progress recently through technological innovation and notable improvements in overall market performance. After launching CCIP private transactions for banks and integrating with Bitcoin, Chainlink is establishing itself as a leader in cross-chain tokenized asset payments.

With ANZ’s pilot program and AI-driven initiatives to manage unstructured financial data, LINK has recorded a 4.46% price surge in the last 24 hours. Trading at $11.79 at press time, LINK appears to be approaching a critical resistance level.

Now the question is – can this momentum take it to new heights?

Is LINK set to breakout?

LINK’s charts have been showing a symmetrical triangle pattern that has been tightening since mid-July. At press time, LINK was trading near the top of this triangle, hovering at $11.77. Additionally, the relative strength index (RSI) is 54.98, indicating that LINK has a bullish edge.

Additionally, the Moving Average Convergence Divergence (MACD) highlighted a recent bullish crossover that could be a sign of upward momentum. So, if LINK breaks out of the triangle, the next target could be the psychological level of $13.

LINK chart analysis

Source: TradingView

A strong on-chain signal indicates increased usage.

On-chain indicators paint a promising picture for Chainlink. Active addresses increased by 1.11% in the last 24 hours to 176.45k. This can be interpreted as a sign of increasing interest and activity within the Chainlink network.

Additionally, the number of transactions increased by 1.18%, reinforcing the notion that more users are utilizing the platform’s decentralized services. Together, these signals supported an optimistic narrative, highlighting greater network participation.

LINK TransactionsLINK transaction count

Source: CryptoQuant

LINK exchange holdings have decreased, indicating supply constraints.

Interestingly, LINK’s exchange holdings have decreased by 0.27% over the past seven days, falling to 163.97 million tokens. The decline suggested that investors were moving their holdings from exchanges and into private wallets.

This could be a sign that selling pressure has eased, and if demand continues to rise, prices could rise further.

Source: CryptoQuant

Long term liquidation adds fuel to the bullish fire

Another factor contributing to LINK’s potential upside is the imbalance between long-term and short-term liquidation.

The data shows that $185,220 in long positions were liquidated, while $131,730 in short positions were liquidated. This long-term liquidation trend accentuated traders’ confidence in the bullish move, accelerating LINK’s price breakout.

Source: Coinglass


Is your portfolio green? Check out the LINK Profit Calculator


Currently, Chainlink appears to be well-positioned for a breakout due to increased network activity, declining exchange reserves, and optimistic market sentiment.

A successful break above $12 could quickly target higher resistance levels. However, traders should exercise caution as resistance at $12 could trigger a decline before further upside.

Previous: Ethereum dominance falls to 13% – next down to 9% before rebound in 2025?

Next: Polymarket – Why $45 Million Bet on Trump Raise Concerns About Fraud

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The throat is falling, but the jupnet and ajup spark recovery reduce the potential

October 2, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025
Add A Comment

Comments are closed.

Recent Posts

Bitcoin Steadies at Rally -Is another powerful brake out just in the future?

October 6, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.83 Million Tokens And Total Crypto And Cash Holdings Of $13.4 Billion

October 6, 2025

BC.GAME News Backs Deccan Gladiators As Title Sponsor In 2025 Abu Dhabi T10 League

October 6, 2025

Unity modifies mobile games and password wallets that threaten important vulnerability.

October 6, 2025

BitDigital becomes the first public Etherrium for distributing unsecured leverage -details -Details

October 6, 2025

Cango Inc. Announces September 2025 Bitcoin Production And Mining Operations Update

October 6, 2025

Cake Eyes 60% Rally Pancake WAP

October 5, 2025

Bitcoin Pullback — ETFs Drive Capital Flows, Altcoins Like SOL And XRP Boost Investor Returns

October 5, 2025

SHIBA INU (SHIB) and Dogecoin (DOGE) holders are 16,736%of Rally Progast Tempts buyers that are accumulated as Little PEPE (Lilpepe).

October 5, 2025

Solana Future Surge as the institution induces the open interest for the best record.

October 4, 2025

Free bitcoin.in app withdrawal request My satoshi

October 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bitcoin Steadies at Rally -Is another powerful brake out just in the future?

October 6, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.83 Million Tokens And Total Crypto And Cash Holdings Of $13.4 Billion

October 6, 2025

BC.GAME News Backs Deccan Gladiators As Title Sponsor In 2025 Abu Dhabi T10 League

October 6, 2025
Most Popular

Has the cryptocurrency market bottomed? Find 5 keywords

October 2, 2024

COREWEAVE appoints JIM HIGINS as the chief information security officer.

March 2, 2025

Here are today’s ‘featured’ Telegram game puzzle Durov combos:

November 2, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.