As this article is being written, the price of BTC has once again started to rise, but high volatility is expected to continue within a few hours. Although recent Federal Reserve meetings in the evenings have not been exciting, the decisions to be announced today are quite significant.
Since October, LINK Coin has broken out of a long-term horizontal resistance area on the weekly chart. A recent peak was formed at $17.32. The increasing interest in the RWA area and Coinbase‘s entry into this space yesterday suggest that LINK Coin may continue to grow in the coming year.
However, continuous rises are not being seen in the short-term charts, and a decline in the price of LINK Coin after the peak has been observed. The RSI is above the neutral zone, and if the BTC price can remain above $42,000, it may continue to rise.
Popular crypto analyst Steve says that with the break above a significant long-term horizontal level, the price of LINK Coin has begun its journey to surpass $50.
RektCapital expects a strong overall market correction before the halving, noting that Chainlink has broken out of its formation and wants to retest the top of the formation. It also maintains support with a downward wick at the base of the formation. For a successful retest, it needs to hold the top of the formation, he says.