{"id":7429,"date":"2023-11-29T17:00:31","date_gmt":"2023-11-29T17:00:31","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=7429"},"modified":"2024-03-30T07:19:48","modified_gmt":"2024-03-30T07:19:48","slug":"link-technical-analysis-upgrading-staking-mechanism","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/link-technical-analysis-upgrading-staking-mechanism\/","title":{"rendered":"LINK Technical Analysis Upgrading Staking Mechanism!"},"content":{"rendered":"<p>LINK Technical Analysis Upgrading Staking Mechanism! The decentralized data processing protocol <a href=\"https:\/\/coinengineer.net\/blog\/polygons-zkevm-faces-downtime-due-to-blockchain-sequencer-issues\/\"><strong>Chainlink<\/strong><\/a> has introduced <strong>Chainlink Staking v0.2<\/strong> to the market, upgrading its local staking mechanism with an expanded pool size of 45 million. With this upgrade, where can the <strong>LINK<\/strong> price go? Here is the <strong>LINK<\/strong> technical analysis for you.<\/p>\n<hr \/>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/link-technical-analysis-upgrading-staking-mechanism\/#LINK_Technical_Analysis\" title=\"LINK Technical Analysis:\">LINK Technical Analysis:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/link-technical-analysis-upgrading-staking-mechanism\/#LINK_Market_Data\" title=\"LINK Market Data\">LINK Market Data<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/link-technical-analysis-upgrading-staking-mechanism\/#Where_to_Buy_LINK\" title=\"Where to Buy LINK?\">Where to Buy LINK?<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"LINK_Technical_Analysis\"><\/span>LINK Technical Analysis:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-16909\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/11\/Link-Weekly-Chart.png\" alt=\"Link Weekly Chart\" width=\"1468\" height=\"831\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/11\/Link-Weekly-Chart.png 1468w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/11\/Link-Weekly-Chart-300x170.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/11\/Link-Weekly-Chart-1024x580.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/11\/Link-Weekly-Chart-768x435.png 768w\" sizes=\"auto, (max-width: 1468px) 100vw, 1468px\" \/><\/p>\n<p>When we examine the weekly chart, $LINK, which has been moving in a channel in a price range of approximately 75% from May last year to October 21, managed to reach the $16.6 level by showing a rise of approximately 75% as much as the channel width, breaking up the channel it was in with the rise of Bitcoin in October. Later, it experienced a correction by reacting from the order block level of $16.16 &#8211; $18.32 on the weekly chart.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-16911\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/11\/Link-Chart.png\" alt=\"Link Chart\" width=\"1497\" height=\"895\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/11\/Link-Chart.png 1497w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/11\/Link-Chart-300x179.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/11\/Link-Chart-1024x612.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/11\/Link-Chart-768x459.png 768w\" sizes=\"auto, (max-width: 1497px) 100vw, 1497px\" \/><\/p>\n<p>When we come to a shorter time frame, we can see a possible triangle formation on the 4-hour chart. As long as the price does not break the downtrend line, it can be said that it is positive. If Bitcoin keeps climbing and the price manages to break up this structure, it could target $23.6 in the long term.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"LINK_Market_Data\"><\/span>LINK Market Data<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Circulating SUPPLY: 556,849,970 LINK<\/strong><\/li>\n<li><strong>Total SUPPLY: 1,000,000,000 LINK<\/strong><\/li>\n<li><strong>Maximum SUPPLY: 1,000,000,000 LINK<\/strong><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Where_to_Buy_LINK\"><\/span>Where to Buy LINK?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Link<\/strong>; is traded on many exchanges such as <strong><a href=\"https:\/\/accounts.binance.com\/en\/register?ref=B4DLQJE0\">Binance<\/a><\/strong>, <strong><a href=\"https:\/\/www.okx.com\/tr\/join\/indirim\">OKX<\/a><\/strong>, <strong><a href=\"https:\/\/www.bitmex.com\/app\/register\/yo6NUR\">BitMEX<\/a><\/strong>, <strong><a href=\"https:\/\/www.bybit.com\/tr-TR\/invite\/?ref=QWQ0Q0\">Bybit<\/a><\/strong>, <strong><a href=\"https:\/\/www.bitget.com\/tr\/expressly?languageType=8&amp;channelCode=CoinEngineer&amp;vipCode=2bui\">Bitget<\/a><\/strong>. You can click <a href=\"https:\/\/coinengineer.net\/blog\/exchanges\">HERE<\/a> to reach referral links to register for exchanges at a discount.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>To stay informed instantly about our content, you can click <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMNzVxQsw__DcAw?hl=tr&amp;gl=TR&amp;ceid=TR%3Atr\">HERE<\/a> to follow us on Google News!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LINK Technical Analysis Upgrading Staking Mechanism! The decentralized data processing protocol Chainlink has introduced Chainlink Staking v0.2 to the market, upgrading its local staking mechanism with an expanded pool size of 45 million. With this upgrade, where can the LINK price go? Here is the LINK technical analysis for you. LINK Technical Analysis: When we<\/p>\n","protected":false},"author":1,"featured_media":7428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2659,2196,2658],"class_list":["post-7429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coin-analysis","tag-chanlink-technical-analysis","tag-link","tag-link-technical-analysis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LINK Technical Analysis Upgrading Staking Mechanism! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"LINK Technical Analysis! 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