Chainlink price broken the upper resistance levels to form new ATH close to $50
The rally is expected to gather an extreme bullish momentum to propel towards the next set target at $100 very soon
LINK Price To Hit $100 Soon
The chainlink price that consolidated for a pretty long time, successfully rallied above the previous high. The new ATH is at $45.84 and hence manifesting a possibility of an intensified bull run.
The LINK price is expected to rally high to hit the levels close to $100 in coming weeks as predicted by a popular analyst. The analyst ProfessorAstrones also predicted that the LINK price may smash the levels close to $225 by the end of 2021.
The price had dipped miserably, however, the steep ‘V-shaped’ recovery showcased the strong momentum to fly high. Additionally, the LINK marines appears to be poised to uplift the price close to the set target at $100.
Chainlink Price Analysis
LINK price rose to its highest ever levels a month ago, yet dipped within no time below $30. However, the asset flipped the bearish divergence and entered the consolidation phase with notable pumps and minute dumps.
The accelerated bull run led the price to smash the new ATH above $47 and successfully maintained around these levels. At the time of writing the LINK price is $47.79 with a significant jump of 12.69% since the past trading day.
- The resistance levels for Chainlink price cannot be determined as the price is trending in the discovery mode
- The support levels is at $39 which is far off
- The indicators for the LINK price point out at a strong buy signal