Chainlink (LINK) Price Prediction: Can LINK Achieve a 50% Increase Next Month?

Updated: 18 September 2023

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Chainlink (LINK) is the 19th-largest cryptocurrency by market cap and one of the most critical projects in the industry, thanks to its oracles.

LINK started to see a slow but steady price increase last week, but this ongoing recovery was over as soon as the weekend began. Fortunately, the coin continued where it left off with the arrival of Monday, and it just reached a monthly high.

Chainlink price performance

About seven days ago, LINK was around $5.87, struggling to breach the resistance at $6. The opposition held on for several days, keeping LINK down throughout September 11, 12, and 13. Finally, the price was able to move past this level on September 14, and it immediately jumped to the next resistance at $6.20.

This resistance fell only 24 hours later, allowing LINK to move further and hit $6.40. Unfortunately, this was where the price lost its strength, and the weekend’s arrival allowed the resistance to reject it.

Initially, LINK only dropped to $6.20, and this level started acting as a support, preventing it from falling further down. However, the strength at which the price was rejected eventually broke this level on Sunday, September 17.

By the end of the day, LINK’s price reached $6.09, and for a time, it seemed that it would spiral down even more, eventually nullifying all of its progress. But, with the arrival of Monday, the coin’s situation turned around again, and a new bullish wave made it explode and reach for the sky.

LINK saw massive growth throughout the day, breaking the resistances at $6.20, $6.40, and even $6.60; although this one took some time, it stopped and slightly rejected the price before giving in. LINK reached its highest point in the past 30 days by climbing to $6.80, and right now, it sits just below this level, trying to break it and head further up to $7.

The resistance holds for the moment, but experts seem optimistic, and many take long positions.

Another analyst said that LINK has found strong support around $6, and it now has the potential to surge to $7.3, assuming that Bitcoin continues to lead the bull run. After that, the next zone will be at $9.3, as the expert said.

Whether or not LINK can pull it off remains to be seen, but seeing the experts and analysts optimistic is undoubtedly encouraging.

Wall Street Memes is only a week away from listing

The crypto industry has seen a lot of activity in the meme coin sector over the past few months, with numerous new meme-based cryptos emerging and holding their presales during this period. The biggest one was Wall Street Memes (WSM), which still has a presale.

However, the token’s team warns that this is the last stage and the last chance for users to buy the token before it hits the exchanges, which will happen in 7 days from now, September 18.

So far, the project has raised well over $25 million. Given the fact that the market is becoming strongly bullish, there is a chance that WSM’s price will head up as soon as the token goes live.

This is not a guarantee, as the market could turn around at any moment, but it is worth considering for opportunity seekers. Anyone who wants to buy it now can do so with ETH, USDT, or BNB for $0.0337.

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