Will LINK Price Rise 2x Before 2024 End?

Sep 25

Examining the weekly chart, it's evident that LINK's price was previously deflected from a major zone that once acted as support but has now turned into a supply zone, pushing the price downwards.

However, on the daily chart this month, LINK's price has shown growth, breaking through the 20-day and 50-day EMA bands. Currently, LINK is targeting the 200-day dynamic EMA band.

If the bullish momentum continues, LINK's price could potentially double. However, to gain broader market confidence, LINK needs to achieve a change of character by piercing and sustaining above the 200-day EMA band and the $13.147 mark.

Should the bullish rally accelerate, the next targets are $15 and $16.50, respectively. Conversely, if LINK's price is deflected by the 200-day EMA band and fails to achieve a change of character, the bearish trend may persist.