In the past 24 hours, Chainlink's price increased by ~11% to $20.53. This dynamic is associated with technical indicators like the 'Golden Cross' observed on the daily timeframe.
Intense Growth of Chainlink in Recent Weeks
LINK token price surged 10.83% intraday with a trading volume of $1.672 billion. The 'Golden Cross' indicates increased buying activity. The Relative Strength Index (RSI) breached the overbought range, suggesting further price appreciation.
Will Chainlink Reach a New 52-week High?
To achieve new highs, Chainlink must maintain its price above the $20 support. Strong bullish sentiment could push the token beyond $23, reaching $26. However, a reversal could pull the price back to support levels of $20 and $17.
Frequently Asked Questions
Can Chainlink reach $50? A 143.54% increase is needed. Is Link a good investment? The token's 76.89% surge in November attracted major investors' attention. What will Chainlink be worth in 2025? With sustained bullish sentiment, prices may breach $100, reaching around $103.
Despite Bitcoin's loss of momentum, altcoin investors show significant interest in Chainlink. Keeping track of current trends is crucial to predicting if the token can set new records.
