Chainlink breaks through key level- Opportunities ahead for short sellers?

Another week of 2023 is in the rearview mirror and the bulls have emerged victorious once again. LINK holders are ecstatic after the rally that the coin has delivered since mid-February.

Timeline of Chainlink

Chainlink (LINK) is a decentralized oracle network that connects smart contracts on blockchain platforms to real-world data. The network enables smart contracts to access off-chain resources, such as data from APIs and web pages, which makes it possible for them to interact with the real world.

Chainlink price analysis shows a strong upward trend for today as the coin has surged by over 6.81 percent in the last 24 hours. The bullish rally has pushed the coin to a new all-time high of $7.66, surpassing its previous high of $7.5 reached on February 9th.

ChainLink price analysis for February 17, 2023, reveals the market following an upward movement, showing increasing momentum, signifying positivity for the LINK market. The price of ChainLink has remained bullish over the past few hours.

Chainlink price analysis shows a bearish market sentiment as LINK plummets below the $7.00 level and trades near a critical support line at $6.48. The token has seen a pullback from its weekly high of around $8.20, with buyers struggling to push it back above this resistance level.

Chainlink [LINK] adoption has been on the rise as the blockchain continues to expand its integrations. LINK recently announced multiple new integrations across four chains- Avalanche, BNB, Ethereum, and Polygon.

ChainLink price analysis for February 13, 2023, reveals the market following a consistent movement, showing dormant momentum, signifying stability for the LINK market. The price of ChainLink has remained bearish over the past few hours.

TP ICAP and Chainlink Labs, the developer of Chainlink (LINK/USD), have teamed in an effort that will see the two platforms bring high quality forex data to blockchains. The Chainlink news development follows TP ICAP, a leading infrastructure provider for the electronic market, joining the Chainlink Network.

Chainlink price analysis suggests a bullish trend for today and supports buyers as the price has increased by over 1.41 percent and trading above $7.28. Although the bears have been in control of the market since yesterday morning, they failed to push the price back below $7.13.

Chainlink is a decentralized network that operates on the Ethereum blockchain. It is powered by a network of nodes, called oracles, that provides real-world data to smart contracts on the blockchain.

ChainLink price analysis for January 30, 2023, reveals the market following a downward movement, showing decreasing momentum, signifying negativity for the LINK market. The price of ChainLink has remained bearish over the past few hours.