Chainlink (LINK) is showing signs of recovery with an increase of over 8% in the last 24 hours following a previous sell-off.
Chainlink Price Recovery
According to CoinMarketCap data, investor interest in Chainlink has rekindled, leading to a significant 28.54% increase in trading volume to $348.86 million. This suggests that LINK could be on the verge of a market rally.
Resistance on the Way to $20
In the last 24 hours, the asset showed potential to climb to the $20 zone. However, LINK must overcome critical resistance levels. It previously faced rejection at the $15 resistance level, which remains a significant hurdle.
Potential Top 10 Crypto Assets Entry
As of press time, the price of LINK was $14.89. If the asset can surge to $20 and then reach the $24 range, it may enter the list of top 10 crypto assets by market capitalization. Currently, its market cap stands at $9.78 billion.
Chainlink's price shows signs of recovery after the sell-off, and further growth could lead it into the top 10 crypto assets. Investors will be watching resistance levels and trading volumes.
