Chainlink completes Falling Wedge in weekly timeframe, while P2E Battle Token crosses $150,000 in presale | Taza Khabre

Link (LINK) has completed a bullish falling wedge pattern on the weekly time frame, gaining nearly 14% over the past week and trading at $7.418 on $2.70M volume.

Additionally, Meme Kombat’s Battle Token has surpassed $150,000 in pre-sale. The crypto community is keeping a close eye on potential market changes and opportunities.

Chainlink (LINK) Price Prediction

Shifting our focus to the daily chart, several key price levels stand out. The pivot point for LINK is firmly set at $7.418.

Key price levels: 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.

Indicators signal potential price correction: As for technical indicators, the RSI (Relative Strength Index) presents an interesting picture. Its current value is 72, indicating that Chainlink is in overbought territory. Such a high RSI usually indicates a possible price correction in the near future.

Chainlink (LINK) price chart – Source: Tradingview

MACD (Moving Average Convergence Divergence), another crucial indicator, is at 0.146 with a signal line at 0.455. This formation suggests that there could be potential downside momentum on the horizon.

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 near-term bullish trend.

Examining the chart patterns, Chainlink is currently struggling with resistance at the downtrend line at $8.253. A successful bullish break above this level could pave the way for an encouraging upward trip, targeting the next resistance levels.

Conversely, any failure to hold above this price may result in selling pressure, which may cause the price of LINK to decline.

summing up

To conclude, Chainlink’s immediate future seems to be hanging in the balance at the $8.253 level. A sustained push above this level could open the door to a bullish phase, while any pullback below this mark could indicate bearish sentiments.

Meme Kombat: The latest Web3 gaming platform to raise $165,000 in pre-sale

Combining meme concepts with fighting games, Meme Kombat is a new introduction that guarantees players two sources of earnings: active and residual.

The betting APY for the token it is currently at an impressive 112%. The financial framework of the project is centered around the Meme Kombat Token ($MK), as highlighted in the white paper.

Betting is one of the main features of the Meme Kombat platform, which offers cryptocurrency enthusiasts a reliable source of passive income through APY.

Users can securely link their crypto wallets to the platform and stake their $MK tokens. A portion of the chip supply, equivalent to 30%, has been set aside for betting and rewarding players in the game.

This strategy incentivizes users to keep their tokens, promoting stability. After the initial 14-day participation period, users can withdraw their tokens or continue betting to continuously receive APY benefits.

The platform will launch various features from October to November 2023.

One of the key features is the debut of Season 1 of Meme Kombat, aimed at keeping players interested. Gamers can expect the release of Meme Kombat 2 in late 2023, which will include enhanced gameplay features.

Visit Meme Kombat here

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 your capital.

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