<div wp_automatic_readability="134.07042833608">
<div class="telegrame_cta_content">
<div class="wrap" wp_automatic_readability="5.3142857142857">
<div class="telegrame_cta_content_inr" wp_automatic_readability="28.342857142857">
<p>Become a member of our <u><a href="https://t.me/insidebitcoins" target="_blank" rel="noopener">Telegram </a></u>channel to keep informed about the latest breaking news.</p>
</div>
</div>
</div>
<p>Chainlink (LINK) is in the spotlight due to its frequent token unlock events. Recently, the circulating supply increased by 18.75 million LINK tokens (valued at $215 million), and on-chain metrics indicate the potential for a price surge. Historically, LINK has shown upward trends post-unlock events, with seven out of the last eight occasions resulting in price increases.</p>
<h2><strong>LINK Key Statistics</strong></h2>
<ul>
<li>Current Price: $11.3</li>
<li>Market Cap: $7.09 billion</li>
<li>Trading Volume (24h): $216.51 million</li>
<li>Circulating Supply: 626.85 million LINK</li>
<li>Total Supply: 1 billion LINK</li>
<li>CoinMarketCap Ranking: #14</li>
</ul>
<p>Currently, Chainlink is trading 10.62% below its peak price over the last month and 3.48% off its 7-day high. Nonetheless, the token has rallied 21.28% from its monthly low and 9.78% from its 7-day low, suggesting an overall positive movement.</p>
<h2><strong>LINK/USD Market Analysis</strong></h2>
<p><strong>Key Levels</strong></p>
<p><strong><em>Resistance:</em></strong><em> $12, $14, $16</em></p>
<p><strong><em>Support:</em></strong><em> $10, $9, $8</em></p>
<figure id="attachment_579190" aria-describedby="caption-attachment-579190" style="width: 980px" class="wp-caption alignnone">
<picture decoding="async" class="wp-image-579190 size-full">
<source type="image/webp" data-lazy-srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/LINKUSD_2024-09-23_08-30-07.png.webp 980w, https://insidebitcoins.com/wp-content/uploads/2024/09/LINKUSD_2024-09-23_08-30-07-300x166.png.webp 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/LINKUSD_2024-09-23_08-30-07-768x424.png.webp 768w" srcset="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20980%20541'%3E%3C/svg%3E" data-lazy-sizes="(max-width: 980px) 100vw, 980px"/>
<img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20980%20541'%3E%3C/svg%3E" alt="Chainlink (LINK) Price Analysis for Today, September 23 – LINK Technical Analysis" width="980" height="541" data-lazy-srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/LINKUSD_2024-09-23_08-30-07.png 980w, https://insidebitcoins.com/wp-content/uploads/2024/09/LINKUSD_2024-09-23_08-30-07-300x166.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/LINKUSD_2024-09-23_08-30-07-768x424.png 768w" data-lazy-sizes="(max-width: 980px) 100vw, 980px" data-lazy-src="https://insidebitcoins.com/wp-content/uploads/2024/09/LINKUSD_2024-09-23_08-30-07.png"/>
</picture>
<noscript>
<picture decoding="async" class="wp-image-579190 size-full">
<source type="image/webp" srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/LINKUSD_2024-09-23_08-30-07.png.webp 980w, https://insidebitcoins.com/wp-content/uploads/2024/09/LINKUSD_2024-09-23_08-30-07-300x166.png.webp 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/LINKUSD_2024-09-23_08-30-07-768x424.png.webp 768w" sizes="(max-width: 980px) 100vw, 980px"/>
<img decoding="async" src="https://insidebitcoins.com/wp-content/uploads/2024/09/LINKUSD_2024-09-23_08-30-07.png" alt="Chainlink (LINK) Price Analysis for Today, September 23 – LINK Technical Analysis" width="980" height="541" srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/LINKUSD_2024-09-23_08-30-07.png 980w, https://insidebitcoins.com/wp-content/uploads/2024/09/LINKUSD_2024-09-23_08-30-07-300x166.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/LINKUSD_2024-09-23_08-30-07-768x424.png 768w" sizes="(max-width: 980px) 100vw, 980px"/>
</picture>
</noscript>
<figcaption id="caption-attachment-579190" class="wp-caption-text">LINKUSD – Daily Chart</figcaption>
</figure>
<p><a href="https://coinmarketcap.com/currencies/chainlink/">The LINK/USD chart illustrates the price trading within the Keltner Channel (KC)</a>, with LINK attempting to breach the upper boundary. This suggests further upward movement if the token can surpass the $12 resistance. The MACD indicator reinforces this bullish sentiment, showing the blue line crossing over the signal line.</p>
<p>Should momentum persist, LINK may test the $14 resistance level, potentially reaching $16. On the downside, support is observed at $10, with stronger supports around $9. A failure to hold these support levels may see the price decline to $8, the lowest point recorded in recent months.</p>
<h2><strong>Can Chainlink’s Cross-Chain Innovations Propel Its Price Above $12?</strong></h2>
<p>The advancements in Chainlink's cross-chain capabilities, along with the recent token unlocks, point to potential price appreciation. These token unlocks, despite their significant impact on supply, have historically triggered price rallies. Additionally, Chainlink retains 372.75 million LINK in non-circulating contracts, lessening the risk of market oversupply.</p>
<p><strong>Chainlink May Be on the Verge of a Major Surge</strong></p>
<noscript></noscript>
<p>Collaborations such as the one with Metis and the implementation of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) across decentralized applications (dApps) further strengthen its ecosystem. These innovations, alongside Chainlink’s ongoing $1.5 billion token unlocks since August 2022, position it for continuous growth. If market conditions are favorable, LINK is likely to approach $12 and beyond in the forthcoming weeks.</p>
<h2><strong>LINK/BTC Performance Insight</strong></h2>
<p>Chainlink (LINK) is currently valued at 0.0001786 BTC, showing a 2.00% increase over the last 24 hours. The pair is testing the upper boundary of the Keltner Channel, indicating bullish momentum. Immediate resistance lies at 0.000196 BTC, with the possibility of rising towards 0.000220 BTC if buying pressure persists. Conversely, strong support is set at 0.0001696 BTC, a pivotal level during September. Falling below this could lead to further retracement towards 0.0001600 BTC. Overall, the pair maintains a positive outlook with potential for additional gains against Bitcoin.</p>
<figure id="attachment_579191" aria-describedby="caption-attachment-579191" style="width: 980px" class="wp-caption alignnone">
<picture decoding="async" class="wp-image-579191 size-full">
<source type="image/webp" data-lazy-srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/LINKBTC_2024-09-23_08-32-08.png.webp 980w, https://insidebitcoins.com/wp-content/uploads/2024/09/LINKBTC_2024-09-23_08-32-08-300x166.png.webp 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/LINKBTC_2024-09-23_08-32-08-768x424.png.webp 768w" srcset="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20980%20541'%3E%3C/svg%3E" data-lazy-sizes="(max-width: 980px) 100vw, 980px"/>
<img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20980%20541'%3E%3C/svg%3E" alt="Chainlink (LINK) Price Analysis for Today, September 23 – LINK Technical Analysis" width="980" height="541" data-lazy-srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/LINKBTC_2024-09-23_08-32-08.png 980w, https://insidebitcoins.com/wp-content/uploads/2024/09/LINKBTC_2024-09-23_08-32-08-300x166.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/LINKBTC_2024-09-23_08-32-08-768x424.png 768w" data-lazy-sizes="(max-width: 980px) 100vw, 980px" data-lazy-src="https://insidebitcoins.com/wp-content/uploads/2024/09/LINKBTC_2024-09-23_08-32-08.png"/>
</picture>
<noscript>
<picture decoding="async" class="wp-image-579191 size-full">
<source type="image/webp" srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/LINKBTC_2024-09-23_08-32-08.png.webp 980w, https://insidebitcoins.com/wp-content/uploads/2024/09/LINKBTC_2024-09-23_08-32-08-300x166.png.webp 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/LINKBTC_2024-09-23_08-32-08-768x424.png.webp 768w" sizes="(max-width: 980px) 100vw, 980px"/>
<img decoding="async" src="https://insidebitcoins.com/wp-content/uploads/2024/09/LINKBTC_2024-09-23_08-32-08.png" alt="Chainlink (LINK) Price Analysis for Today, September 23 – LINK Technical Analysis" width="980" height="541" srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/LINKBTC_2024-09-23_08-32-08.png 980w, https://insidebitcoins.com/wp-content/uploads/2024/09/LINKBTC_2024-09-23_08-32-08-300x166.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/LINKBTC_2024-09-23_08-32-08-768x424.png 768w" sizes="(max-width: 980px) 100vw, 980px"/>
</picture>
</noscript>
<figcaption id="caption-attachment-579191" class="wp-caption-text">LINKBTC – Daily Chart</figcaption>
</figure>
<p>Overall, the LINK/BTC pairing displays a favorable outlook, with prospects for upside as long as market conditions stay conducive. The rising adoption of Chainlink’s decentralized oracle services, along with its strategic partnerships, bolsters a solid foundation for future value appreciation against Bitcoin.</p>
<p>In a recent tweet, @cryptogyanpatt observed that Chainlink is outperforming all other ERC20 projects, including Ethereum itself. As a leading provider of oracle solutions on the Ethereum blockchain, Chainlink’s ongoing development signals further enhancements in its services. This performance highlights its crucial role within the ERC20 ecosystem.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true" wp_automatic_readability="9.091922005571">
<p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Chainlink?src=hash&ref_src=twsrc%5Etfw">#Chainlink</a> beats all other ERC20 projects, including Ethereum itself. <a href="https://twitter.com/hashtag/ERC20?src=hash&ref_src=twsrc%5Etfw">#ERC20</a> projects utilize a standard on the <a href="https://twitter.com/hashtag/Ethereum?src=hash&ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://twitter.com/hashtag/Blockchain?src=hash&ref_src=twsrc%5Etfw">#Blockchain</a>. Chainlink supplies oracle services for these initiatives. Its strong development hints at ongoing enhancements in its offerings.<a href="https://twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw">#crypto</a> <a href="https://t.co/rj3uCnEWEA">pic.twitter.com/rj3uCnEWEA</a></p>
<p>— cryptogyanpatt (@cryptogyanpatt) <a href="https://twitter.com/cryptogyanpatt/status/1838107000279810324?ref_src=twsrc%5Etfw">September 23, 2024</a></p>
</blockquote>
<h2><strong>Alternatives to Chainlink</strong></h2>
<p>Chainlink remains a foundational element of the cryptocurrency ecosystem, delivering essential oracle services that connect smart contracts with external data. Its strong cross-chain interoperability enhances the capabilities of decentralized applications. Concurrently, emerging projects like Pepe Unchained ($PEPU) are gaining traction. The project’s impressive presale, which gathered over $14.7 million, and the forthcoming launch of its decentralized exchange (DEX) underscore its growth potential.</p>
<p>By integrating a novel perspective on the meme coin sector and ensuring compatibility with Ethereum, Pepe Unchained offers an enticing alternative to traditional DeFi platforms. Investors are attracted by its staking protocol that promises a theoretical annual yield of 177%. Furthermore, the project enjoys robust community support, with over 1 billion $PEPU staked and an advantageous presale price of $0.00983, solidifying its market stance. The engaged community of 18,500 followers accentuates its increasing momentum.</p>
<p><strong>Pepe Unchained Presale Update</strong></p>
<noscript></noscript>
<p><span style="background-color: var(--bs-body-bg);color: var(--bs-body-color);font-family: var(--bs-body-font-family);font-size: var(--bs-body-font-size);font-weight: var(--bs-body-font-weight);text-align: var(--bs-body-text-align)">After thorough evaluation, </span><a style="background-color: var(--bs-body-bg);font-family: var(--bs-body-font-family);font-size: var(--bs-body-font-size);font-weight: var(--bs-body-font-weight);text-align: var(--bs-body-text-align)" href="https://youtu.be/YUbAVsYDNqE">Pepe Unchained surfaces as a promising investment opportunity</a><span style="background-color: var(--bs-body-bg);color: var(--bs-body-color);font-family: var(--bs-body-font-family);font-size: var(--bs-body-font-size);font-weight: var(--bs-body-font-weight);text-align: var(--bs-body-text-align)">, poised for substantial appreciation. Its strong community engagement and technological innovations set the project on a path for ongoing success in the ever-evolving cryptocurrency market.</span></p>
<p>Visit Pepe Unchained</p>
<h2>Related News</h2>
<div class="inContentProviderSingle inContentColor--insidebitcoins fc-row">
<div class="inContentProviderSingle--wrapper">
<div class="container">
<div class="row mb-lg-3" wp_automatic_readability="6">
<div class="col-12 col-md-8" wp_automatic_readability="7">
<p class="inContentProviderSingle--title">Most Searched Crypto Launch - Pepe Unchained</p>
</div>
<!--/.col-md-4-->
</div><!--/.row-->
<div class="row">
<!-- ******* Desktop Provider Logo ********** -->
<div class="col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none">
<img decoding="async" class="inContentProviderSingle--img mb-3" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="Pepe Unchained" width="125" height="60" data-lazy-src="https://insidebitcoins.com/wp-content/uploads/2024/08/pepu.svg"/><img decoding="async" class="inContentProviderSingle--img mb-3" src="https://insidebitcoins.com/wp-content/uploads/2024/08/pepu.svg" alt="Pepe Unchained" width="125" height="60"/>
</div>
<div class="col-12 col-md-8">
<ul class="inContentProviderSingle--list">
<li>Layer 2 Meme Coin Ecosystem</li>
<li>Featured in Cointelegraph</li>
<li>SolidProof & Coinsult Audited</li>
<li>Staking Rewards - pepeunchained.com</li>
<li>$10+ Million Raised at ICO - Ends Soon</li>
</ul><!--/.inContentProviderSingle--lis-->
</div>
<!-- ******* Desktop Provider Logo ********** -->
<div class="col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block">
<img decoding="async" class="inContentProviderSingle--img float-right" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="Pepe Unchained" width="125" height="60" data-lazy-src="https://insidebitcoins.com/wp-content/uploads/2024/08/pepu.svg"/><img decoding="async" class="inContentProviderSingle--img float-right" src="https://insidebitcoins.com/wp-content/uploads/2024/08/pepu.svg" alt="Pepe Unchained" width="125" height="60"/>
</div>
</div><!--/.row-->
<!--/.row-->
</div><!--/.container-->
</div><!--/.inContentProviderSingle--wrapper-->
</div><!--/.inContentProvider--single-->
<p> </p>
<div class="telegrame_cta_content">
<div class="wrap" wp_automatic_readability="5.3142857142857">
<div class="telegrame_cta_content_inr" wp_automatic_readability="28.342857142857">
<p>Become a member of our <u><a href="https://t.me/insidebitcoins" target="_blank" rel="noopener">Telegram </a></u>channel to keep informed about the latest breaking news.</p>
</div>
</div>
</div>
</div>
<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>Chainlink (LINK) Price Analysis – September 23 Price Trends[embed]https://www.youtube.com/watch?v=g7Ju-JNsXq4[/embed][embed]https://www.youtube.com/watch?v=YUbAVsYDNqE[/embed]
Leave a comment
Dutch
English
French
German
Greek
Italian
Portuguese
Russian
Spanish