Chainlink (LINK) Targets $25? Holding Above $13 Could Spark Major Rally
- LINK is maintaining positive momentum, up 2.23% over the past week and holding near a crucial resistance level.
- If LINK stays above $13, historical trends suggest a potential move toward $25 or even $50.
- The key resistance zone between $14.50 and $15.30 holds 153 million LINK from 37,000 investors, making it a critical breakout level.
- Market conditions remain favorable, and if Bitcoin breaks its consolidation, LINK could see a strong upward push.
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. LINK is on the verge of breakout and aiming for higher price targets, if the bullish momentum take place.
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. Recently, LINK hit its recent low at $11.90 and rebound from this level now aiming for upward momentum.
Chainlink Aiming For $25 to $50 Price Range
Analyst are optimistic about LINK future price trajectory and highlighting key level to watch. Crypto analyst Ali Martinez pointed out LINK future price trajectory. According to the analyst, if Chainlink (LINK) holds 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.
Moreover, the analyst highlighted that, the most critical resistance zone for Chainlink is between $14.50 and $15.30, where 37,000 investors accumulated 153 million LINK. However, breaking above this wall could open the door for a strong move.
However, with the positive market phase and LINK stability it is indicated that the token could be poised for huge upward momentum. The coming days will be crucial for LINK direction and if the market continue its bullish momentum LINK is near its breakout.
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Read more: https://www.tronweekly.com/chainlink-link-targets-25-holding-above-13-could-spark-major-rally/
Text source: TronWeekly
