{"id":67508,"date":"2023-10-01T08:43:10","date_gmt":"2023-10-01T12:43:10","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/chainlink-completes-falling-wedge-on-weekly-timeframe-while-p2e-battle-token-crosses-150k-in-presale\/"},"modified":"2023-10-01T08:43:13","modified_gmt":"2023-10-01T12:43:13","slug":"chainlink-completes-falling-wedge-on-weekly-timeframe-while-p2e-battle-token-crosses-150k-in-presale","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=67508","title":{"rendered":"Chainlink Completes Falling Wedge on Weekly Timeframe While P2E Battle Token Crosses $150k in Presale"},"content":{"rendered":"
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Chainlink (LINK) has completed a bullish falling wedge pattern on the weekly timeframe, gaining nearly 14% over the past week and trading at $7.418 with a volume of $2.70 million.\u00a0<\/p>\n

Additionally, Meme Kombat’s Battle Token has crossed $150k in presale. The crypto community is closely watching for potential market shifts and opportunities.<\/p>\n

Chainlink (LINK) Price Prediction<\/strong><\/h2>\n

Shifting our focus to the daily chart, several key price levels stand out. The pivot point for LINK is firmly set at $7.418.\u00a0<\/p>\n

Key Price Levels: <\/strong>On the upside, resistance levels are marked at $9.066, $9.957, and $12.494. On the downside, support can be found at $6.549, followed by stronger supports at $4.901 and $2.385.<\/p>\n

Indicators Signal Potential Price Correction: <\/strong>Regarding technical indicators, the RSI (Relative Strength Index) presents an interesting picture. Its current value is at 72, indicating that Chainlink is in the overbought territory. Such a high RSI typically signals a potential price correction in the near future.<\/p>\n

The MACD (Moving Average Convergence Divergence), another crucial indicator, has a value of 0.146 with a signal line at 0.455. This formation suggests that there might be potential downward momentum on the horizon.<\/p>\n

However, on a brighter note, Chainlink’s price is trading above its 50-day Exponential Moving Average (50 EMA) of $6.849, hinting at a prevailing short-term bullish trend.<\/p>\n

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Examining the chart patterns, Chainlink is currently grappling with a downward trendline resistance at $8.253. A successful bullish breakout above this level could pave the way for an encouraging upward journey, targeting the next resistance levels.\u00a0<\/p>\n

Conversely, any failure to sustain above this price point might trigger selling pressures, potentially pulling LINK’s price downwards.<\/p>\n

Summing Up\u00a0<\/strong><\/h3>\n

To conclude, the immediate future of Chainlink seems to be hanging in the balance at the $8.253 level. A sustained push above this level could open the doors to a bullish phase, while any pullback below this mark could indicate bearish sentiments.<\/p>\n

Meme Kombat: The Latest Web3 Gaming Platform That Raised $165k in Presale<\/strong><\/h2>\n

Merging meme concepts with combat gaming, Meme Kombat is a new introduction that guarantees players two sources of earnings – active and residual.\u00a0<\/p>\n

The staking APY for the token is currently at an impressive 112%. The project’s financial framework is centred around the Meme Kombat Token ($MK), as emphasized in the whitepaper.\u00a0<\/p>\n

Staking is one of the main features of the Meme Kombat platform, providing cryptocurrency enthusiasts with a reliable source of passive income through APY.\u00a0<\/p>\n

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Users can securely link their crypto wallets to the platform and stake their $MK tokens. A portion of the token supply, equivalent to 30%, has been reserved for staking and rewarding players within the game.\u00a0<\/p>\n

This strategy incentivises users to hold onto their tokens, promoting stability. After the initial 14-day staking period, users can withdraw their tokens or keep staking to continuously receive the benefits of the APY.<\/p>\n

Multiple features are set to be launched by the platform from October to November 2023.\u00a0<\/p>\n

One of the key features is the debut of Meme Kombat Season 1, aimed at keeping players interested. Players can look forward to the release of Meme Kombat 2 by the end of 2023, which will come with improved gameplay features.<\/p>\n

Visit Meme Kombat Here<\/strong><\/p>\n

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sub><\/i><\/p>\n<\/p><\/div>\n