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Chainlink price prediction: Link could rise 35% as the whale buys $ 2 million at a key level;


  • Link is traded at $ 12.53, 7.28% less in 24 hours.
  • Link could increase by 35% if it breaks the resistance of $ 15.68.
  • The MVRV Z score in 3.09 suggests an upward accumulation zone.

Chainlink (Link) is quoted at a critical level since market data suggests greater volatility and investor activity.

The Token, whose price is now $ 12.76, has fallen by 7.28% in the last 24 hours.

Fountain: Coinmarketcap

However, technical indicators and whale accumulation suggest the possibility of a significant movement.

An important investor recently bought about 140,000 link for $ 2 million to $ 14.30, indicating a great interest.

Meanwhile, Link is forming a symmetrical triangle and descending wedge patterns typically associated with ruptures.

If the price exceeds the resistance at $ 15.68, it could rise 35% to $ 18.18.

Whale activity and resistance levels

A large holder recently acquired 139,860 link at an average price of $ 14.30, increasing its total holdings to 147,553 link.

This investor previously obtained a gain of $ 161,000 in previous operations with Link, which suggests a pattern of tickets in a timely manner.

These large volume transactions often indicate optimism in the market and precede price increases.

Link currently faces resistance at the whale entry level of $ 14.30, and $ 15.68 remains a key level for bullies.

A rupture above this level could trigger an increase of 35%, reaching an objective price of $ 18.18.

On the negative side, if Link fails to keep the support at $ 12.57, it could fall towards $ 11.50.

Configuration of volatility graphics and signals

Link’s price structure is compressing within a symmetrical triangle and a descending wedge, commonly known as megaphone pattern.

This configuration usually precedes large price movements, with greater volatility and possible ruptures in any direction.

At the current levels, Link is sailing in a narrow range that has historically led to high impact oscillations.

If the price exceeds $ 15.68, operators could see a rapid movement towards the $ 18.00 mark.

This would probably be driven by the coverage of short positions and retail purchases.

On the other hand, a closure below the $ 12.57 support would break the bullish structure, which would potentially lower prices.

Chain metrics show accumulation

The MVRV z score, a key metric to identify overstrum or undervaluation conditions, is 3.09.

Historically, Z scores between 2 and 3 have preceded important links of Link. As a comparison, Link shot more than 120 % in early 2023 after a similar reading.

In addition, active daily addresses have increased to 921, since the minimum of March. This indicates greater user activity and could boost long -term price growth.

Exchange reserves also fell 3.11% to 2,150 million dollars, indicating that there are less Link tokens available for immediate sale.

The reduction of the offer in the bags is usually a sign of strong possession behavior by investors.

The liquidity and confidence of whales grow

The recent investment of 2 million dollars of the whale has aligned with positive chain indicators, including a reduced offer and a growing address activity.

Together, these form an upward configuration against technical resistance and volatile price action.

If Link manages to cross the resistance of $ 15.68, it could rise to $ 18.18.

The next important resistance level would then be around $ 20.

External factors such as Bitcoin ETF flows and the US monetary policy can influence the rhythm of any rebound.

If Link falls below $ 12.57, panic sales could occur, although the support of large holders can help stabilize the market.

The post prediction of the Chainlink price: Link could rise 35% as the whale buys $ 2 million at a key level; Appeared First on coinjournal.



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XRP price prediction for April shows a possible 70% rebound from the level of $ 1.79


  • The XRP price forecast suggests a rebound from 62 to 70% from $ 1.79.
  • The upward wick could touch the $ 2.80– $ 3.00 before the end of the month.
  • XRP remains in a “boredom phase” after the closing of the case of the SEC.

XRP can be on the edge of a significant price movement in April, as highlighted by the cryptocurrency analyst Egrag (@EcragCrypto).

Using a technical chart built on the monthly temporal framework XRP/USDT, the analyst suggests that both high price and low price points can be tested in rapid succession.

These short -term prices, or “wicks” extremes indicate potential volatility within a defined range.

With XRP currently quoting at $ 2,1465, the perspective points to a wide oscillation between $ 1.79 and $ 3.00 before the end of the month, which suggests possible profits of up to 70% from the lower limit.

Range established between $ 1.79 and $ 3.00

Egrag price prediction Identify two key areas where XRP could be negotiated briefly during April.

On the negative side, the Token could try the support in the range of $ 1.90 to $ 1.79.

However, this movement is expected to be temporary, forming what is known as a wick, where the price falls to a level but is quickly reversed.

Fountain: TrainingView

At the upper end, the graph indicates that XRP could reach the range of $ 2.80 to $ 3.00.

Similar to bearish action, this movement would probably also form a wick.

The analyst emphasizes that both bass and ascending movements are expected to be brief, without prolonged commercial activity in those areas.

The prediction does not yet suggest a sustained breakup, but highlights prices at $ 2.00, $ 2.05, $ 2.17 and $ 2.44.

These levels imply that XRP could be around the $ 2.00 mark during most of the month, building a basis for the action of the future price.

Possible increase of 70 % from the lowest level of the wick

The most surprising perspective of Egrag is the possibility of a bullish rebound of 62-70% from the minimum projected bassist of $ 1.79.

This possible price movement would position XRP near the level of $ 3.00, assuming that key technical thresholds are exceeded.

Price oscillation can develop rapidly, depending on the impulse and feeling of the market, but the analyst does not expect prolonged permanence in the upper range during April.

If XRP returns to visit the $ 2.00 zone (a region in which it has recently oscillated), it can act as a final consolidation point before a stronger movement.

Although the graph does not predict an exact date for a break, the sequence of wicks followed by a base around $ 2.00 establishes the possibility of an increase.

XRP is stagnant in the boredom phase

The forecast comes at a time when XRP is negotiated largely laterally.

Egrag refers to this period as a “boredom phase”, caused by the reduction of interest and mental fatigue among market participants.

This phase follows the resolution of the legal battle of Ripple with the United States Stock Exchange and Securities Commission, which many expected to immediately increase the value of XRP.

Instead, the market has remained cautious. The operators who anticipated a rapid rebound after the case felt disappointed to see that XRP did not achieve a convincing bullish breakdown.

The current price action suggests that this lateral trend can persist in the short term, which makes April a potentially critical month for operators looking for directional clues.

The graph indicates a price change soon

The last graphic analysis does not require action but has technical scenarios that could be developed depending on market conditions.

With XRP around $ 2.05, its movement towards any end of the projected wick range could serve as a signal for a more significant price activity later in the cycle.

Fountain: Coinmarketcap

The analysis does not include macroeconomic triggers or fundamental changes in the usefulness or adoption of Ripple, but focuses solely on graphic patterns.

It also avoids speculation on long -term objectives beyond April.

The technical framework outlined by Egrag continues a theme of its previous predictions, which have constantly indicated the importance of patience and mental resilience for periods of low volatility.

The post The prediction of XRP’s price for April shows a possible 70% rebound from the level of $ 1.79 Appeared First on coinjournal.



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