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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.

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01-07-2022 00:06:24 (UTC+7)

EUR/USD

1.0482

+0.0043 (+0.41%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (7)

EUR/USD

1.0482

+0.0043 (+0.41%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (7)

GBP/USD

1.2170

+0.0044 (+0.37%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

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USD/JPY

135.65

-0.94 (-0.68%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.6910

+0.0029 (+0.42%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

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USD/CAD

1.2874

-0.0018 (-0.14%)

Summary

↑ Sell

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EUR/JPY

142.20

-0.38 (-0.27%)

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EUR/CHF

0.9997

+0.0026 (+0.26%)

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Gold Futures

1,810.35

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↑ Sell

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Silver Futures

20.360

-0.378 (-1.82%)

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Copper Futures

3.7055

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↑ Sell

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Crude Oil WTI Futures

106.93

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Natural Gas Futures

5.687

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US Coffee C Futures

230.48

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Euro Stoxx 50

3,454.86

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S&P 500

3,806.10

-12.73 (-0.33%)

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DAX

12,783.77

-219.58 (-1.69%)

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FTSE 100

7,169.28

-143.04 (-1.96%)

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Sell

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Hang Seng

21,859.79

-137.10 (-0.62%)

Summary

Sell

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US Small Cap 2000

1,713.60

+0.28 (+0.02%)

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Moving Avg:

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IBEX 35

8,098.70

-89.30 (-1.09%)

Summary

Sell

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BASF SE NA O.N.

41.525

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Bayer AG NA

56.72

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Allianz SE VNA O.N.

182.12

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Adidas AG

168.76

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Deutsche Lufthansa AG

5.564

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Siemens AG Class N

97.09

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Deutsche Bank AG

8.318

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 EUR/USD1.0482Neutral
 GBP/USD1.2170↑ Sell
 USD/JPY135.65Buy
 AUD/USD0.6910Neutral
 USD/CAD1.2874↑ Sell
 EUR/JPY142.20Neutral
 EUR/CHF0.9997Neutral
 Gold1,810.35↑ Sell
 Silver20.360Neutral
 Copper3.7055↑ Sell
 Crude Oil WTI106.93↑ Sell
 Brent Oil110.08↑ Sell
 Natural Gas5.687Buy
 US Coffee C230.48Neutral
 Euro Stoxx 503,454.86↑ Buy
 S&P 5003,806.10↑ Buy
 DAX12,783.77Neutral
 FTSE 1007,169.28Sell
 Hang Seng21,859.79Sell
 Small Cap 20001,713.60↑ Buy
 IBEX 358,098.70Sell
 BASF41.525↑ Buy
 Bayer56.72Neutral
 Allianz182.12Sell
 Adidas168.76Buy
 Lufthansa5.564↑ Buy
 Siemens AG97.09↑ Sell
 Deutsche Bank AG8.318Neutral
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