{"id":478255,"date":"2024-02-05T17:45:19","date_gmt":"2024-02-05T17:45:19","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=478255"},"modified":"2024-02-05T17:45:19","modified_gmt":"2024-02-05T17:45:19","slug":"chainlink-price-prediction-link-flips-dogecoin-to-break-into-10-top-cryptos-on-36-pump-but-is-this-potential-pepe-killer-the-best-crypto-to-buy-now","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/chainlink-price-prediction-link-flips-dogecoin-to-break-into-10-top-cryptos-on-36-pump-but-is-this-potential-pepe-killer-the-best-crypto-to-buy-now","title":{"rendered":"Chainlink Price Prediction: LINK Flips Dogecoin To Break Into 10 Top Cryptos On 36% Pump, But Is This Potential Pepe Killer The Best Crypto To Buy Now?"},"content":{"rendered":"

The Chainlink price <\/span>surged<\/span><\/a> more than 36% over the past week to trade at $19.61 as of 9:35 am EST as investors continue to go long on the altcoin.<\/span><\/p>\n

The strong weekly performance allowed LINK to flip Dogecoin (DOGE) and climb into the top 10 <\/span>list<\/span><\/a> of the biggest cryptos by market cap.<\/span><\/p>\n

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The Chainlink Price Remains In A Bullish Channel<\/span><\/h2>\n

\"TradingView<\/p>\n

Daily chart for LINK\/USDT (Source: <\/span>TradingView<\/span><\/a>)<\/span><\/p>\n

The <\/span>Chainlink<\/span><\/a> price managed to break above a medium-term consolidation channel between $14.200 and $17.200 in the last couple of days. This resulted in the subsequent formation of a positive price channel. Should LINK continue to climb in the upcoming days, it may attempt to flip the $20.755 resistance level into support in the short term.<\/span><\/p>\n

This bullish thesis could be invalidated if the Chainlink price falls below the lower boundary of the bullish price channel in the next 48 hours. In this alternative scenario, the crypto may retest the recently-breached mark at $17.200. <\/span><\/p>\n

A drop below this significant price point may then expose LINK to the risk of falling to the next key support at $14.200. In an extremely bearish scenario, the Chainlink price may fall to as low as $11.895 in the medium-term.<\/span><\/p>\n

The Chainlink Price Shows Little Signs Of Correcting<\/span><\/h2>\n

Technical indicators on <\/span>LINK’s<\/span><\/a> daily chart are flagging bullish. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators suggest the Chainlink price may continue its ascent in the next 48 hours.<\/span><\/p>\n

The MACD line is currently breaking away above the MACD Signal line. Traders may identify this as a signal that LINK’s positive trend is growing stronger. In parallel to this, the RSI is breaking away above its Simple Moving Average (SMA) line, which could indicate that buyers are still growing stronger against sellers.<\/span><\/p>\n

As Chainlink looks to continue its positive streak, experts are turning their attention to potential Pepe killer Sponge V2 as it looks to become the next best meme coin in the market.<\/span><\/p>\n

Strategic Pivot To The Polygon Network<\/span><\/h2>\n
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🚨 IMPORTANT REMINDER 🚨<\/p>\n

Only 10 hours left until $SPONGE<\/a> V1 will be discontinued.<\/p>\n

Exchanges have been asked to suspend trading of SPONGE V1 today at 11 PM UTC.<\/p>\n

Holders on both DeFi and exchanges should stake their Sponge V1 through our website to be able to claim SPONGE V2. pic.twitter.com\/uU16ftWz7p<\/a><\/p>\n

— $SPONGE (@spongeoneth) February 5, 2024<\/a><\/p><\/blockquote>\n