Chainlink Price Prediction: Can LINK Hit $10 While Oracle Solutions Gain Traction?

Updated: 13 October 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Chainlink (LINK) has experienced a price surge reaching the supply zone at $8.3. This robust upward trend suggests LINK may soon surpass this high, showing a full-scale comeback this Q4.

At 9:41 a.m. EST, Chainlink trades at $7.26, showing a 1% decrease in the last 24 hours. Despite the price drop, investors expressed significant interest, with the token’s daily trading volume reaching $225 million, marking a 9% increase.

Bears Capitalize on Chainlink (LINK) Double Top Pattern

Chainlink Price Prediction — LINKUSD Price Chart by Tradingview.com

Bullish sentiment is increasing as Chainlink’s (LINK) price rebounds from the $5.02 support level. Bulls push it towards the $8.3 resistance level before encountering rejection, allowing bears to push the price lower.

Even so, the bulls are displaying resilience, showing strong support at $5.77 and asserting their position at this level to recover their losses. Despite this, the formidable resistance level is causing the formation of a double-top pattern, showing a potential bearish trend reversal.

Moreover, the 50-day and 200-day simple moving averages are positioned below the price, supporting bullish sentiment. This can also act as immediate price support, propelling it upward.

Chainlink (LINK) May Hit $10 in Coming Weeks

However, the relative strength index (RSI) is trending downward at 49, signifying a neutral price position. At this stage, the price could rebound into the overbought region. Alternatively, the RSI could continue its descent towards the 30-level mark.

Chainlink (LINK)’s overall trend is bullish. Nevertheless, the double-top pattern allows bears to drive the price down to the $5.77 midline support zone, where bulls can regroup and recover from their losses.

If the 50-day and 200-day moving averages remain robust, buyers could seize this opportunity to propel the price upwards, with a target of reaching $10 in the coming weeks. Meanwhile, buy and stake Meme Kombat tokens during its ongoing presale phase.

Meme Kombat ($MK) pre-sale edging $1 million

Meme Kombat enables participants who stake their time and actively engage to earn $MK tokens and valuable prizes.

Daily compounding of staking rewards amplifies higher returns. This adds to the growing excitement surrounding the ongoing $MK presale project with its significant upside potential.

As of writing, the Meme Kombat project is making impressive progress toward its $1 million goal, raising $475,950. Each $MK token is available at a discounted rate of $1.667.

You feel that?

That's the sweet sound of $MK soaring to the moon 🚀

Big week ahead of us memers🔥 pic.twitter.com/zUiqf002MY

— Meme Kombat (@Meme_Kombat) October 11, 2023

To achieve this, the Meme Kombat MK team has allocated 50% of the total token supply. Of these tokens, 30% will reward $MK stakers and battle participants, 10% will bolster Decentralized Exchange (DEX) liquidity, and another 10% will be earmarked for community rewards.

Meme Kombat MK: Stake and Play to Earn Passive Income

Meme Kombat’s staking and play-to-earn features offer investors lucrative opportunities. Investors can achieve an impressive 112% Annual Percentage Yield (APY) by staking their tokens, courtesy of allocating 30% of the token supply for staking and battle rewards.”

With 282,000 YouTube subscribers, Satoshi Staker explains how to buy Meme Kombat and leverage its staking feature.

Meme Kombat’s Seasonal Battle Showdowns

Meme Kombat a gaming platform that offers various avenues for users to earn rewards through MK tokens. It presents engaging opportunities like meme battles, betting on outcomes, and challenging stakers.

Meme Kombat MK plans to introduce gaming seasons, a concept popular in traditional gaming, with its first Battle season (Season 1) launch this month.

I know we're in kombat, but can I get a gm today? ☀️#MemeKombat pic.twitter.com/aUchjLImNI

— Meme Kombat (@Meme_Kombat) October 11, 2023

This inaugural season will feature 11 popular crypto memes battling it out, leaderboards, and other engaging elements to attract players and foster community engagement.

Stakers can enjoy watching their favorite memes in action and place bets on the outcomes, as they will use AI visuals to provide vivid depictions.

5 hours left to submit your memes fellow kombatants 🫡

Check pinned tweet for details ⚔️$MK #MemeKombat pic.twitter.com/jJeTHUCoLu

— Meme Kombat (@Meme_Kombat) October 12, 2023

Season 2 is scheduled for December 2023, promising new battles, rewards, and opportunities to bolster Meme Kombat’s presence in the blockchain gaming sector.

Investing in MK tokens is simple. Users can connect their web3 wallet to the Meme Kombat website and gain tokens using ETH, BNB, or USDT (ERC-20 and BEP-20).