{"id":13396,"date":"2022-07-28T19:54:19","date_gmt":"2022-07-28T19:54:19","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/analyst-points-to-what-could-happen-next-for-link\/"},"modified":"2022-07-28T19:54:19","modified_gmt":"2022-07-28T19:54:19","slug":"analyst-points-to-what-could-happen-next-for-link","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/analyst-points-to-what-could-happen-next-for-link\/","title":{"rendered":"analyst points to what could happen next for LINK"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<p dir=\"ltr\">Chainlink (LINK) price rose sharply on Thursday to break above $7.20 as the crypto market rode positive momentum across risk assets.<\/p>\n<p dir=\"ltr\">At the time of writng, LINK\/USD was trading near $7.17 with weekly gains now up to 5% and 30-day upside now at 10%.<\/p>\n<h2>Chainlink price prediction<\/h2>\n<p dir=\"ltr\">LINK\/USD, according to crypto analyst Ali Martinez, can continue higher over the short term if bulls hold prices above recent support levels around $6.90.<\/p>\n<p dir=\"ltr\">The analyst has looked at the Into The Block\u2019s <em>In\/Out of the Money Around Price<\/em> (IOMAP) model to suggest its possible for LINK to go to $10.00. The on-chain metric shows massive support at the zone just below $7.00. He <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1552715702494191621\" rel=\"noopener noreferrer\" target=\"_blank\">tweeted<\/a>:<\/p>\n<p dir=\"ltr\">\u201c<em>Transaction history shows that #Chainlink formed a significant demand wall at $6.70, where over 7,000 addresses bought nearly 301 million $LINK. If this support level holds, #LINK has a good chance of surging to $10 as @intotheblock \u2018s IOMAP shows little to no resistance ahead<\/em>.\u201d<\/p>\n<h2>Gains across crypto<\/h2>\n<p dir=\"ltr\">The gains for LINK\/USD come amid huge moves for Bitcoin (BTC) and Ethereum (ETH), the two top cryptocurrencies ripping past $24,000 and $1,700 respectively.<\/p>\n<p dir=\"ltr\">Notably, BTC was stuck below $22k on Wednesday before crossing above the resistance zone following the US Federal Reserve\u2019s raising of interest rates by 0.75%.<\/p>\n<p dir=\"ltr\">On Thursday, the US entered a technical recession following the second consecutive negative gross domestic product (GDP) growth \u2013 coming in at -0.9%.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">US Economy in technical recession as GDP shrinks for a second quarter. Q2 GDP fell at a 0.9% annualized rate as inventories, residential investment subtract from growth after a 1.6% decline in the first three months of the year. <a href=\"https:\/\/t.co\/5cXb6uNyWT\">pic.twitter.com\/5cXb6uNyWT<\/a><\/p>\n<p>\u2014 Holger Zschaepitz (@Schuldensuehner) <a href=\"https:\/\/twitter.com\/Schuldensuehner\/status\/1552638982881742849?ref_src=twsrc%5Etfw\">July 28, 2022<\/a><\/p>\n<\/blockquote><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/chainlink-price-analyst-painst-bullish-picture-as-link-spikes-above-7-00\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Chainlink (LINK) price rose sharply on Thursday to break above $7.20 as the crypto market rode positive momentum across risk assets. At the time of writng, LINK\/USD was trading near $7.17 with weekly gains now up to 5% and 30-day upside now at [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":13397,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/13396"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=13396"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/13396\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/13397"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=13396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=13396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=13396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}