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Chain LINK , a platform compatible with Ethereum and renowned for facilitating decentralized oracles, has been making significant progress in the cryptocurrency market. Currently, the native asset of the network, LINK , is experiencing a trading range above $14 after being in a downtrend for a short period. According to the latest data from CoinGecko, LINK is down by 2% in price in the last 24 hours and is trading at $14.30. With the market trading in red, here is our price prediction for LINK for the week. Also read: How High Can Ripple (XRP) Surge This Week? Chainlink price prediction for the week LINK has demonstrated remarkable performance throughout this year, positioning itself as one of the top-performing assets. However, in the past 30 days alone, this altcoin has recorded a 19.2% drop in its price. Despite being 73% below its previous all-time high of $52.70, the prospect of it reaching double-digit values is more attainable than ever before. Cryptocurrency...

Chain LINK was one of the first few altcoins to start rallying even before ‘Uptober’ could commence. From a low of around $5.7, LINK rose by more than 40% to $8.2. However, it applied brakes right after. As chalked out below, LINK is currently at critical juncture from the technical perspective. Over the past year, the $8.3 threshold has acted like a strong resistance, and has rejected LINK from rising further more than a handful of times. Last week, LINK yet again attempted to break through this level, but was unsuccessful in doing so. It has been consolidating around $7.3 ever since. LINK/USDT by TradingView Also Read: Crypto: When is the ‘Perfect’ Buying Opportunity? LINK Buy Bias Starts Fading Data from IntoTheBlock revealed that LINK has been facing hurdles from the on-chain perspective. Over the past week, the new addresses and and the active addresses on the network have shrunk by 27% and 3% respectively. This is indicative of reduced activity of market par...