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Investors Believe LINK Is Set for a Price Continuation

Michael van de Poppe believes LINK looks ready for a continuation.Some speculators even believe that LINK could reach $100 by 2025.LINK is also currently in the green and is...
Investors Believe LINK Is Set for a Price Continuation © Reuters Investors Believe LINK Is Set for a Price Continuation

    • Michael van de Poppe believes LINK looks ready for a continuation.
    • Some speculators even believe that LINK could reach $100 by 2025.
    • LINK is also currently in the green and is trading at $6.91 after a 0.98% increase in price over the last 24 hours.

Michael van de Poppe, the CEO, and founder of Eight Global, tweeted that he believes Chainlink (LINK) looks ready for a continuation.

(Source: Twitter (NYSE:TWTR)).

This could be confirmed by the fact that Chainlink is integrating staking later this year. The development could potentially increase investor appetite as well as attract more long-term holders. This could be amplified by the fact that Chainlink has a very exciting roadmap for 2022 that could generate growth and efficiency in the project.

Some investors, like van de Poppe, believe there are big things ahead for LINK. Some speculators even think that LINK could reach $100 by 2025.

Chainlink/TetherUS 1D (Source: TradingView).

LINK is currently in the green and is trading at $6.91 after a 0.98% increase in price over the last 24 hours. The crypto also saw a 6.63% increase over the last seven days, which could confirm the continuation theory.

On the other hand, it is still important to note that LINK has almost constantly been in a downtrend, breaking through critical support levels. The relative strength index on the weekly time frame has also seen record lows. Chainlink has also recently experienced continuous rejections of the 20-day moving average on the daily charts.

If LINK’s price were to retest the $5.29 support levels, it could lead to a swing low to the next level at $5.10. However, if there is a bullish reversal in the market, LINK can see an impulse wave to around $8.60 – $9.30.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CQ. No information in this article should be interpreted as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies.

Continue reading on CoinQuora

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30-06-2022 04:34:24 (UTC+7)

EUR/USD

1.0442

+0.0003 (+0.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

EUR/USD

1.0442

+0.0003 (+0.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

GBP/USD

1.2122

-0.0003 (-0.02%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (2)

Sell (3)

USD/JPY

136.57

-0.01 (-0.01%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (5)

Sell (3)

AUD/USD

0.6880

-0.0001 (-0.02%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (2)

Sell (6)

USD/CAD

1.2895

+0.0003 (+0.03%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (1)

EUR/JPY

142.60

+0.02 (+0.01%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (4)

EUR/CHF

0.9970

-0.0001 (-0.01%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (4)

Sell (3)

Gold Futures

1,819.20

-2.00 (-0.11%)

Summary

↑ Sell

Moving Avg:

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Sell (10)

Indicators:

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Silver Futures

20.733

-0.139 (-0.67%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

Copper Futures

3.7717

-0.0083 (-0.22%)

Summary

↑ Buy

Moving Avg:

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Indicators:

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Crude Oil WTI Futures

109.63

-2.13 (-1.91%)

Summary

↑ Buy

Moving Avg:

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Brent Oil Futures

112.30

-1.50 (-1.32%)

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Natural Gas Futures

6.416

-0.154 (-2.34%)

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Neutral

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US Coffee C Futures

228.05

+10.30 (+4.73%)

Summary

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Moving Avg:

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Euro Stoxx 50

3,514.32

-34.97 (-0.99%)

Summary

Neutral

Moving Avg:

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Indicators:

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S&P 500

3,818.83

-2.72 (-0.07%)

Summary

↑ Buy

Moving Avg:

Buy (11)

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Indicators:

Buy (10)

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DAX

13,003.35

-228.47 (-1.73%)

Summary

↑ Sell

Moving Avg:

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Indicators:

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FTSE 100

7,312.32

-11.09 (-0.15%)

Summary

Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

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Sell (4)

Hang Seng

21,996.89

-422.08 (-1.88%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (2)

Sell (4)

US Small Cap 2000

1,713.32

-25.52 (-1.47%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (4)

Sell (4)

IBEX 35

8,188.00

-129.50 (-1.56%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (2)

BASF SE NA O.N.

41.580

-1.445 (-3.36%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

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Sell (8)

Bayer AG NA

57.62

-2.61 (-4.33%)

Summary

Neutral

Moving Avg:

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Allianz SE VNA O.N.

183.72

+0.62 (+0.34%)

Summary

Buy

Moving Avg:

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Adidas AG

170.02

-0.30 (-0.18%)

Summary

↑ Sell

Moving Avg:

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Deutsche Lufthansa AG

5.813

-0.222 (-3.68%)

Summary

↑ Buy

Moving Avg:

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Siemens AG Class N

101.40

-2.74 (-2.63%)

Summary

↑ Sell

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Deutsche Bank AG

8.571

-0.292 (-3.29%)

Summary

Neutral

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 EUR/USD1.0442↑ Sell
 GBP/USD1.2122Neutral
 USD/JPY136.57Buy
 AUD/USD0.6880Neutral
 USD/CAD1.2895↑ Buy
 EUR/JPY142.60Sell
 EUR/CHF0.9970↑ Buy
 Gold1,819.20↑ Sell
 Silver20.733↑ Sell
 Copper3.7717↑ Buy
 Crude Oil WTI109.63↑ Buy
 Brent Oil112.30↑ Buy
 Natural Gas6.416Neutral
 US Coffee C228.05↑ Sell
 Euro Stoxx 503,514.32Neutral
 S&P 5003,818.83↑ Buy
 DAX13,003.35↑ Sell
 FTSE 1007,312.32Sell
 Hang Seng21,996.89Neutral
 Small Cap 20001,713.32Neutral
 IBEX 358,188.00↑ Buy
 BASF41.580↑ Sell
 Bayer57.62Neutral
 Allianz183.72Buy
 Adidas170.02↑ Sell
 Lufthansa5.813↑ Buy
 Siemens AG101.40↑ Sell
 Deutsche Bank AG8.571Neutral
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