Chainlink Price Struggles To Break Above, Can Price Hit 10?

LINK price holds strong above 50 EMA on daily timeframe with a string. LINK rallies as price eyes $10 ahead of its announcement of staking. The price faces resistance at $9 in the weekly timeframe. Chainlink (LINK) price showed bullish strength recently, but the price has struggled to break above key resistance against tether (USDT). With its intending staking in December 2022, there is high hope of a major rally for the price of Chainlink (LINK). Despite the uncertainty, the price of LINK has looked decent, holding up pretty well as other altcoins drop significantly in price and value. (Data from Binance) Related Reading: Ep01- Dr. Ruja – Companion Guide For BBC’s “The Missing Cryptoqueen” Podcast Chainlink (LINK) Price Analysis On The Weekly Chart Chainlink Co-Founder Sergey Nazarov announces Staking Plans, Aims to Be Web3’s AWS, ahead of its scheduled plan to launch staking in December and a new economic model for the Web3 services platform at SmartCon 2022. The price of LINK has recently bounced from a low of $6.5 in the weekly timeframe rallying to a high of $8 before rejecting to a region of $7, where the price has formed good support for price sell-off on the weekly timeframe. LINK price moved from that region breaking higher to $8.5, where the price is currently facing resistance to breaking higher to a region of $10. The price of LINK needs to break the $9 resistance with good volume for the price to have an opp...