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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

Top Crypto Chainlink to Go Into Price “Orbit” Should $4 Price Region Hold

Nick Chong
Nick Chong
5 years ago
2 mins read
Crypto market featured image

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.

Like Bitcoin and other crypto assets, Chainlink (LINK) has been on a remarkable rally since the lows. The leading cryptocurrency this week hit a high of $4.20 — up 170% from the lows of March 12th — per data from Tradingview.

LINK has only held above $4.00 for a short period of time. But a prominent analyst suggested that should this region hold as support, Chainlink could go into “price discovery ORBIT.”

Chainlink (LINK) Needs to Hold ~$4.00

According to a prominent crypto trader, he thinks that if Chainlink can “build some semblance of structure above” $3.84, the cryptocurrency could soon go into “price discovery ORBIT.”

While he didn’t expand on this point, his chart indicates that over the past few months, the level of $3.84 has been extremely important, acting as support and resistance on multiple occasions.

Chart from cryptocurrency derivatives trader Cantering Clark

As it stands, the cryptocurrency seems poised to hold this level.

LINK is trading at $4.07 as of the time of this article’s writing, with no notable pullback despite Bitcoin’s 5% retracement. In fact, on the day, the altcoin is up 5%, strongly outperforming the cryptocurrency market leader.

Strong Fundamental Factors Could Support the Crypto

The fundamentals of the crypto could support the holding of the current price levels.

Chainlink was just added to Gemini, the New York-based crypto exchange run by the Winklevoss Twins, some of the most prominent Bitcoin bulls. This listing, which also sees five other digital assets now supported by the platform, came shortly after Gemini CEO Tyler Winklevoss said:

“I really appreciate the passion of the LINK Marines. Their fervor and dedication reminds me of the early Bitcoin and Ethereum communities. Unlike many other crypto armies, they are dedicated to a project that has real promise and technical merit.”

Also in the vein of the adoption of the popular cryptocurrency, ParaFi Capital, a crypto fund, has proposed that LINK should be supported by the Ethereum-based DeFi platform MakerDAO.

The reasons: Chainlink is the 12th largest crypto asset and the project has seen mounds of support within the DeFi community.

The discussion of LINK being added to Maker garnered much steam that Rune Christensen, founder of MakerDAO, wrote:

“Even assets that are correlated with ETH, like LINK, would help to source more Dai generation and help with restoring the peg and DSR.”

Bitcoin’s the Crypto Market’s Focus

While this could play out, Bitcoin is the focus of the crypto market at the moment.

Sharing the chart seen below, the lead technical analyst at crypto research firm Blockfyre remarked that as Bitcoin slows down, “altcoins are really going to struggle,” adding that it’s an absolutely “brutal’ outlook for this segment of the market. He added that there is “max pain ahead” in his opinion.

Bitcoin dominance chart
Chart from @pentosh1, the lead technical analyst at crypto research firm Blockfyre.
Photo by Greg Rakozy on Unsplash
Tweet123Share238ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

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

XRP

XRP’s Time Is Now, Says Pundit—Don’t Snooze On The ‘Biggest Transfer Of Wealth’

Proponents of XRP are stepping up their pitch this week, calling the token “one of the greatest wealth transfers in...

Christian Encila 2 hours ago
Ethereum

Ethereum Price Targets $3,000 As Analyst Calls It A ‘Powder Keg’

The Ethereum price is flashing major upside signals as on-chain and market activity align toward a potential breakout to the...

Scott Matherson 3 hours ago
Bitunix bonus krypto giełda promocja USDT

Бонусная программа Bitunix: как зарабатывать на криптовалютах с максимумом прибыли в 2025?

Bitunix – инновационная платформа для профессионального деривативного трейдинга. Она представляет собой современную торговую платформу, объединяющую широкий арсенал инструментов с продуманной...

lisachaikina 5 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

Dogecoin

Dogecoin Social Surge: Rising Buzz And Network Use Spark New Interest

Christian Encila 27 minutes ago
Giełda krypto Bitunix laptop interfejs

Giełda Bitunix integruje TradingView. Nowy lider na rynku krypto?

News BTC 1 hour ago
Whales Are Loading Up on Chainlink (LINK), But Retail Investors Are Still Missing the Signal

Whales Are Loading Up on Chainlink (LINK), But Retail Investors Are Still Missing the Signal

Samuel Edyme 1 hour ago

Premium Sponsors

Press Releases

  • 仮想通プレセール注目:リップルが米銀行ライセンスを申請、機関投資家の関心が急上昇中

    ...

    13 hours ago
  • 仮想通貨おすすめ:話題の新トークンがプレセール開始直後に15万ドルを調達

    ...

    13 hours ago
  • 新しい仮想通貨:ソラナ系取引ボットが話題のプレセールで150万ドル調達、次の100倍候補か?

    ...

    13 hours ago
  • 仮想通貨おすすめ|米下院が大型法案可決、7月4日にビットコインが急騰

    ...

    13 hours ago
  • ミームコイン急騰中|Solana発の人気銘柄続々高騰、新たな注目トークンも登場か?

    ...

    14 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.