The Chainlink price prediction consolidates in a flag formation as the bulls move to cross above the upper boundary of the channel.

Chainlink Prediction Statistics Data:

• Chainlink price now – $13.97
• Chainlink market cap – $8.1 billion
• Chainlink circulating supply – 556.8 million
• Chainlink total supply – 1 billion
• Chainlink Coinmarketcap ranking – #12

LINK/USD Market

Key Levels:

Resistance levels: $18.0, $19.0, $17.0

Support levels: $10.0, $9.0, $8.0

LINK/USD keeps controlling the daily price chart following the current bullish movement within the channel and the coin is attempting to cross above the upper boundary of the channel. Meanwhile, looking at the chart, the Chainlink price is presently following the bullish movement as the trading volume rises.

Chainlink Price Prediction: Where is LINK Price Going Next?

In the past few days, the Chainlink price has been moving with a strong increase above the 9-day and 21-day moving averages. Meanwhile, a successful close above the upper boundary of the channel could accelerate gains and the price might surge toward the resistance level of $16.0. Any more gains could lead the price toward the resistance levels of $18.0, $19.0, and $20.0.

On the other hand, if the Chainlink begins a downside correction, it could find support near the $12.5 level. The first major support is near the $12.0 level, where the bulls are likely to take a stand. However, if the price drops below the 21-day moving average, a bearish continuation could bring the market to the critical supports at $10.0, $9.0, and $8.0 respectively. Meanwhile, the market is still following the bullish movement as the 9-day MA remains above the 21-day MA, which may continue to boost the upward movement for the coin.

LINK/BTC Retains the Bullish Movement

Against Bitcoin, the trend of the Chainlink price is still bullish in the long-term, trading at 3948 SAT. Meanwhile, if the bears return to the market, the price of the Chainlink could hit the support level at 3200 SAT and below if slides below the 9-day and 21-day moving averages.

However, if the bulls maintain and hold the price very well, traders can expect the coin to rise above the upper boundary of the channel. For now, the nearest resistance level for the market could be found at 4500 SAT and above as the 9-day MA remains above the 21-day MA.

Chainlink Alternatives

The Chainlink price spikes to the upside as the coin gains a 7.04% price rise over the past 24 hours of trading. However, the Chainlink price may continue with the bullish movement if the red line of the 9-day MA remains above the green line of the 21-day MA. At the time of writing, the current movement is shifting in the bullish favor, with the technical indicators pointing to the upside.

In contrast to Chainlink’s mature status as the 12th ranked cryptocurrency with an $8.1 billion market cap, it may have reached its highest growth potential but $BTCMTX emerges as an attractive investment alternative, poised to break through market limits and generate substantial returns on its promising journey. With close to $3.7 million already raised in its ongoing presale, Bitcoin Minetrix is rapidly gaining momentum, showcasing strong early investor support and highlighting its potential for significant future growth. This presents investors with a compelling opportunity for substantial returns.

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• Source: https://insidebitcoins.com/news/chainlink-price-prediction-for-today-november-9-link-technical-analysis