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Are the Chainlink Bulls Intending to Create New Highs?

Highlights

    Chainlink price continued its uptrend and smashed a new ATH in the early hours of trading.

    The price is expected to continue its bullish momentum and hit the levels above $30 shortly

    The rally is expected to gain bullish momentum in the coming 6 months and the price may trend in between $200- $500

The chainlink price fascinated the attention of most of the traders in the crypto space in the recent past by attaining a new ATH every other day. However, the price remained clam and trended in a narrow region for a couple of days before a final breakout which rallied the price to yet another highs.

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The LINK price smashed a new ATH in the early trading hours at $26.57 and appears to be poised to test the upper resistance levels. In the short term, the price is expected to hit $30 as predicted by an analysts Lenny, but it may rally still more in the coming days.

As per popular analysts, Kevin Svenson, Chainlink may hit the levels in between $200 to $500 in the coming 6 months. 

LINK price

LINK price trended below $20 for a considerable amount of time until a major push rallied the price to hit the previous ATH in between $23-$24. Further, a steep decline close to $17 placed the price in an ascending triangle and hence a major breakout is imminent.

The LINK price has broken the upper resistance levels at $26.23 and heading strongly to smash the current ATH at $26.57 soon. At the time of writing, the chainlink price is $26.39 with a massive jump of 7.44% in the last 24 hours. 

Nevertheless, the LINK price rally may hit even more highs very soon, probably $50 as predicted by a popular analyst Micheal van de Poppe. Chainlink price rally has just picked up the market grip and expected to hit new highs, every new day as it does during the bull run

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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