• Chainlink (LINK) has recently announced its new tie-up with Blueberry, which is set to automate and enhance the build and LP strategies of the network.
• According to data by Coingecko, LINK price has plunged by 7.5% in the last seven days, and trading at $5.55 as of this writing.
• Technical indicators demonstrate that the coin has lost its grip at the $6 level, which could hint at a bearish signal.
Chainlink (LINK) recently announced its new collaboration with Blueberry, an initiative designed to automate and improve the network’s building and LP strategies. This partnership will provide incentives and network fees. The price of LINK has dropped by 0.85%, leading some crypto experts to believe that the coin may go bullish before the end of the year.
According to data from Coingecko, LINK has dropped by 7.5% in the last seven days, and is currently trading at $5.55. Technical indicators show that LINK has been unable to maintain its grip above the $6 mark, which could indicate a bearish signal.
On the brighter side, LINK bulls have jumped in to rescue the coin whenever the price has taken a dip. If the bulls are able to push the price beyond $6, this could be an excellent start to the new year. Crypto expert Michaël Van De Poppe believes that LINK can reach $17 if the bulls manage to push the resistance level up to $7.80. On the other hand, Van De Poppe also believes that LINK may drop and warm up below $5 before it surges again.
The future of LINK is uncertain, but it is clear that the coin has a lot of potential. With its new collaboration with Blueberry and the enthusiasm of the LINK bulls, the coin may be able to reach heights that were once thought impossible. We will have to wait and see what the future holds for LINK.