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Chainlink Price Prediction: LINK Surges 4% As Full Comeback Looms

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Chainlink (LINK) has seen a significant price surge, crossing the $6.5 mark, with its market capitalization now standing at $4 billion. This strong upward trend suggests that LINK could soon exceed its previous high of $7.13 from earlier this month, signaling a full comeback.

Bullish sentiment is rising for LINK price as it recovers from its recent decline. At 7:51 a.m. EST, LINK trades at $7.41, indicating a significant 2.4% increase over the last 24 hours and 10.4% over the past week.

LINK’s Ascending Triangle Signals Bullish Momentum

LINK/USD Chart Analysis. Source. Tradingview.com
LINKUSD Chart Analysis. Source. Tradingview.com

The bulls have maintained their position over time, rebounding on the lower trendline at $5.8. The bullish trendline indicates that it has found support at this level. 

Furthermore, there is evidence of an ascending triangle formation in the price, which typically signals the potential for increased bullish momentum to push it above the triangle.

This bullish outlook is supported by the relative strength index (RSI), trading at 65, indicating intense buying pressure.

Additionally, the price is trading above the 50-day and 200-day moving averages, which are currently trading at $6.4.

LINK Appears Bullish

Based on this analysis, the trajectory of the LINK price appears bullish, with key levels to watch at $8 and $8.7. 

Conversely, if the bears take over, the price may break downward, compelling the bulls to seek support around the $6.5 level.

Meanwhile, as LINK investors await a more favourable entry point, they might want to explore a recently launched token with robust P2E gaming and staking and an enticing presale offering a substantial return- Meme Kombat(MK)

Meme Kombat (MK) Presale Reaches $62k After its Launch

Meme Kombat (MK) is the native token of the Meme Kombat project and operates on the Ethereum blockchain. 

The project’s presale was initiated on September 21 and impressively secured over $62k in funding, indicating strong initial interest from investors.

MK distinguishes itself from other meme coins by offering a blockchain network that combines the potential of memes and play-to-earn (P2E) gaming. 

The team believes that building on the Ethereum blockchain provides the opportunity to create a unique and engaging experience.

Investing in the Meme Kombat presale positions investors for success through an innovative program that allows for the automatic staking of purchased tokens and the accumulation of rewards.

MK P2E Gaming, Tokenomics

At the heart of the P2E and gaming ecosystem lies the Meme Kombat Token ($MK). Users employ this token to facilitate various activities on the network, such as serving as the primary currency for the Meme Kombat arena game, automating battles, enabling wagering, and supporting staking to generate passive income.

Meme Kombat welcomes participants from all corners of the crypto market, including those interested in betting. 

This enables users to take strategic positions in battles, actively participating or observing from the sidelines.

During the presale, half of the total supply of $MK, which amounts to 12 million tokens, is available for purchase. 

The proceeds from the presale will be allocated to various purposes, including raising initial capital, building the community, and establishing the project within the market.

meme kombat Tokenomics

A significant portion, amounting to 30% or 3.6 million tokens, is designated for staking and battle rewards, as Meme Kombat places great importance on incentivizing community engagement through these mechanisms.

Furthermore, 10% or 1.2 million $MK tokens of the total supply will support listings on decentralized exchanges, while the remaining 10% or 1.2 million $MK tokens are allocated for community rewards.

Austin Hilton, a prominent YouTube influencer boasting a subscriber base of more than 233,000 people, recently shared his assessment of MK indicating this is a project you don’t want to miss.

You can now buy Meme Kombat ($MK) for $1.667 and start staking and earning immediately. Participating in the presale is a straightforward process accessible to all novice investors. 

Just connect your digital wallet to the MK website and fund it with either ETH or USDT on the Ethereum blockchain or BNB or USDT on the Binance Smart Chain (BSC). 

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