NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Chainlink Poised for Upside After Narrowly Avoiding an Invalidation of Its Uptrend

Cole Petersen
Cole Petersen
5 years ago
2 mins read
Bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Chainlink’s immensely bullish uptrend came incredibly close to being invalidated last week during the market-wide downturn, but bulls have since been able to propel LINK higher and bolster its market structure.

One top trader is now noting that he is anticipating the crypto to see near-term upside.

This possibility could be further enhanced by bull’s ongoing attempt to push Bitcoin back into the $7,000 region, which could create an upwards tailwind that allows altcoins like LINK to incur serious momentum.

Chainlink Shows Signs of Bullishness After Narrowly Avoiding Invalidation

At the time of writing, Chainlink is trading down just under 3% at its current price of $3.51. The crypto is currently underperforming Bitcoin by nearly 2% and has not yet caught any notable momentum as a result of BTC’s push higher.

LINK has developed a tendency throughout the past few weeks of outperforming Bitcoin during uptrends and underperforming it during downtrends, which means that it’s short-term price action could be largely dependent on that of Bitcoin.

Per a report from NewsBTC last week, Chainlink was close to invalidating its recent uptrend when it moved towards the lower-$3.00 region on Wednesday in tandem with Bitcoin’s decline beneath $6,600.

As cited in the report, this plunge led analysts to grow cautious of being bullish on LINK.

“Breakout starting to lose strength – relatively close to invalidation,” one trader stated while referencing the chart seen below.

Chainlink LINK
Image Courtesy of Teddy

It’s ability to put some significant distance between its current price and these lows has allowed it to invalidate this potential bearishness and bolster its market structure in the time since.

LINK Poised to Push Higher in the Coming Hours

In the near-term, analysts do seem to believe that Chainlink is poised to make another push higher.

One popular pseudonymous trader on Twitter recently updated a thread in which he detailed his plans to long LINK with a target within the $3.60 region, noting that he still expects it to push somewhat higher in the near-term if it can flip a key level.

“LINK Took 40% off and moved my stop to just under $3.51. Will re-add and compound if we flip this level.”

Chainlink
Image Courtesy of Loma

The level he is watching for LINK to flip into support exists at $3.56, although a failure for it to break above the resistance here could be enough to stop its rally from extending too much further.

Featured image from Unsplash.
Tweet123Share212ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

BTC koers verwachting: CryptoQuant CEO voorspelt crash naar $77k – kan Bitcoin instorten?

Bitcoin crash naar $96k waarschuwing – bescherm je winst met HYPER

De crypto markt kreeg deze week een flinke waarschuwing te verwerken nadat een populaire analist voorspelde dat de Bitcoin koers...

Lars Diederiksen 1 hour ago
solana-reserve-slowdown-funds-shift-to-emerging-crypto-stocks-tw

Solana Price At Risk Of 50% Crash To $104 After Forming This Larger Bearish Trend

The Solana price rebounded quite nicely from the October 10 crash, quickly reclaiming $200 after hitting as low as $150...

Scott Matherson 2 hours ago

Solana προς τα $500; Η πρόβλεψη του Grok και γιατί το Snorter Token μπορεί να είναι το επόμενο crypto που θα εκραγεί

Η αγορά crypto βρίσκεται σε αναβρασμό μετά από μια τολμηρή πρόβλεψη από το Grok, την τεχνητή νοημοσύνη που αναπτύχθηκε από...

Ιωάννης Ριζόπουλος 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Correzione Ethereum finita? I dati di Binance indicano un possibile balzo verso 6.800 $

Maria Giovanna Ambrosio 21 minutes ago
Crypto news

Crypto Bulls Smell Blood: SOFR–RRP Spread Hints QT Pivot By October

Jake Simmons 39 minutes ago
Dogecoin Revival Coming as Thumzup Eyes $DOGE Payments: Is Maxi Doge the Next 1000x Crypto?

Thumzup Adopts $DOGE Payments and Smart Money’s Rotating to Maxi Doge’s Potential 1000x Presale

Elena Bistreanu 30 minutes ago

Premium Sponsors

Press Releases

  • Các Meme Coin Tiềm Năng Nên Mua Khi Elon Musk Có...

    1 hour ago
  • Potential coins

    Các Đồng Coin Tiềm Năng 1000x? Bitcoin Hyper Chuẩn...

    1 hour ago
  • Best altcoins

    Các Altcoin Hàng Đầu Nên Mua Khi Cặp ETH/BTC Đang...

    1 hour ago
  • ドージコイン 今後の価格予測:強気ダイバージェンスが示す新たな上昇のチャンス

    ドージコイン...

    20 hours ago
  • リップル 今後の見通し:6,300万ドルの売却が発生も、賢い投資家はすでに買い増し開始

    リップル...

    20 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.