Chainlink (LINK) is currently in a positive price momentum and holding strong its ground. Over the past week, LINK is slightly up by 2.23% showing stability and signs for upward trend.
Crypto analyst Ali Martinez has noted that Chainlink (LINK) is now in positive price momentum and holding strong its ground. Over the past week, LINK is slightly up by 2.23% showing stability and signs for upward trend.
According to the analyst, if Chainlink (LINK) manages to stay above the $13 support at the lower boundary of this channel, history suggests LINK could see a rebound toward the mid or upper range, at $25 and $50, respectively.
Most importantly, the analyst noted that the most critical resistance zone for Chainlink is between $14.50 and $15.30, where 37,000 investors accumulated 153 million LINK. Breaking above this wall could open the door for a strong move.
Recently, LINK hit its recent low at $11.90 and rebound from this level now aiming for upward momentum. Currently, Chainlink price is hovering around its crucial resistance level and trading at 14.29 with a 24-hour trading volume of $ 435.36M, market cap of $ 9.12B. However, LINK price is slightly increased by 0.30% in the last 24 hours.
The overall market is in positive phase with Bitcoin hovering around its crucial resistance level. If BTC breakout from this consolidation phase it could help altcoins to gains momentum and recover from recent downturn.
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