Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

Ethereum at $2.4K crossroads: Foundation dumps, whales accumulate – What’s next?

July 3, 2025

Binance Pay Lights Up Riviera with 80+ Stablecoin Stores

July 3, 2025

Analyst Says Cycle Is Not Finished Amid 2 Years Of Bitcoin Sideways Movement

July 2, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

Chainlink (LINK) Analysis, Traders Eyes on $15

0
By on November 7, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
Share
Facebook Twitter LinkedIn Pinterest Email

The post Chainlink (LINK) Analysis, Traders Eyes on $15 appeared first on Coinpedia Fintech News

It appears that the bull market has officially begun, as the majority of cryptocurrencies are on the verge of a breakout. Today, on November 8, 2024, Chainlink (LINK) looks bullish, having formed a bullish price action pattern and being on the verge of a breakout.

Chainlink (LINK) Technical Analysis and Key Levels

On a daily time frame, LINK has formed a bullish ascending triangle price action pattern and is on the verge of a breakout. Based on recent price action and historical momentum, if LINK price rises and closes a daily candle above the $13.10 level, there is a strong possibility it could soar by 18% to reach the $15 level in the coming day. 

Source: Trading View

As of now, LINK is trading above the 200 Exponential Moving Average (EMA) on the daily time frame, indicating an uptrend. Traders and investors use the 200 EMA as a technical indicator to determine whether an asset is in an uptrend or a downtrend, and they react accordingly based on this analysis.

LINK’s bullish thesis will hold only if it closes a daily candle above the $13.10 level, otherwise, it may fail.

Bullish On-Chain Metrics 

On-chain metrics further support LINK’s bullish outlook. According to the on-chain analytics firm Coinglass, LINK’s Long/Short ratio on Binance currently stands at 2.10, indicating a strong bullish sentiment among traders. 

Additionally, its open interest has soared by 7.9% over the past 24 hours and 2.5% over the past four hours. This rising open interest indicates growing trader interest and an increase in positions amid a bullish outlook.

Currently, 73.02% of top traders hold long positions, while 26.98% hold short positions.

At press time, LINK is trading near $12.55, having experienced a price surge of over 4.36% in the past 24 hours. During the same period, its trading volume dropped by 23%, indicating lower trader participation amid a potential breakout.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum at $2.4K crossroads: Foundation dumps, whales accumulate – What’s next?

July 3, 2025

Analyst Says Cycle Is Not Finished Amid 2 Years Of Bitcoin Sideways Movement

July 2, 2025

OpenAI disavows Robinhood’s ‘OpenAI tokens,’ says demo stock was not approved and has no equity backing

July 2, 2025
Leave A Reply Cancel Reply

What's New Here!

Ethereum at $2.4K crossroads: Foundation dumps, whales accumulate – What’s next?

July 3, 2025

Binance Pay Lights Up Riviera with 80+ Stablecoin Stores

July 3, 2025

Analyst Says Cycle Is Not Finished Amid 2 Years Of Bitcoin Sideways Movement

July 2, 2025

OpenAI disavows Robinhood’s ‘OpenAI tokens,’ says demo stock was not approved and has no equity backing

July 2, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

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

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.