Despite the Bitcoin price struggling to achieve the milestone of $100,000, the altcoin market has recorded a strong bullish recovery. Moreover, the LINK price has recorded a multi-month high, highlighting increased positive influence.
Will the 16th largest cryptocurrency maintain its bullish price rally and record a new 52-week high? Or will this altcoin experience a strong bearish pullback at its important resistance of $20?
Amid increased volatility in the crypto space, the Chainlink price has maintained its bullish run by adding 11.72% to its portfolio in 24 hours with a trading volume of $1.24 billion. Moreover, with a bullish breakout, it has retested its April high today.
The EMA 50/200-day has experienced a Golden Cross in the Chainlink price chart. This highlights an increase in the buying pressure for this Ethereum-based altcoin in the crypto market.
The Moving Average Convergence Divergence (MACD) shows a constant rise in the green histogram, with its averages showing a similar price action. This suggests that the Chainlink price may continue gaining value this week.
Maintaining its bullish sentiment could push the LINK price toward its resistance level of $20. Furthermore, if the bulls dominate the crypto space, this could push this altcoin toward its upper resistance level of $23 during the upcoming time.
In contrast, if a bearish reversal happens, the Chainlink price could retest its support level of $17. Moreover, if the bears outrun the bulls, this could pull the price toward its lower support level of $14 this year.
Curious to know, when will LINK price hit $50? Read CoinPedia’s Chainlink Price Prediction and also subscribe to us to stay updated on the latest crypto news!
If the bullish sentiment sustains, the LINK coin price may reach a high of $103 during 2025.
With an intraday jump of 9.83%, the Chainlink price is currently valued at $18.96.
For this altcoin to achieve the $100 mark, it will require a surge of 427.42% in valuation.
Despite the bearish market sentiment, crypto whales are showing strong interest in Ethereum (ETH). Data…
March 2025 – In the dynamic world of trading, a solid understanding of key terms…
Even after Pi Network's listings on significant exchanges, its price swings and ongoing essential developments…
The cryptocurrency market has once again found itself under the spotlight, with Cardano (ADA) seeing…
Pi Coin has dropped to an all-time low of $0.51, marking an 83% drop since…
Grayscale, the leading cryptocurrency asset manager, has officially submitted an S-1 form to the U.S.…
