Is Altcoin Legend Chainlink Returning? Master Analyst Interprets
#Chainlink (LINK) has been showing tremendous bullish signs for the past few days, and the price of the cryptocurrency has surged towards the $ 12 resistance. This uptrend comes with the rally seen in the Ethereum and altcoin market. According to some analysts, this bullish trend may be just getting started, and it could be the beginning of a trend reversal among today's rally altcoins. Blue chip altcoins like Chainlink are likely to be the first to see large capital inflows, according to analysts.
A popular analyst notes that #LINK's recent bounce comes right after a visit to the parabolic trendline. According to the analyst, the strong response LINK sends to this level is encouraging and suggests that further upswing may be imminent. The direction of the next trend will likely depend on Ethereum and the rest of the cryptocurrency market. According to the analyst, Ethereum going higher will likely send LINK to new highs.
#Jonny #Moe: More ups could be near in Chainlink (LINK)
Chainlink entered an upward trend due to the positive mood in the market. Earlier this week, the cryptocurrency fell below $ 9.80. Buying pressure on price was intense and LINK jumped from these lows. This could ultimately be a long-term bottom, according to analysts, as buyers have triggered a relatively strong reversal in the past few days. Whether this reversal has long-term effects on the price of the cryptocurrency will depend largely on Ethereum, according to analysts.
Chainlink is higher against Bitcoin than against the USD. BTC, on the other hand, saw a slight drop after testing its $ 16,000 level. LINK's recent rally against the BTC trading pair took place shortly after the coin tested an important parabolic trendline. Famous analyst Jonny Moe recently published his new LINK analysis. The analyst points out whether the recent recovery will be a continuation of the "legendary rise". Jonny Moe adds the following to his comments on the subject:
HERE IS A REAL MEMORY FOR LINK… IS THE LEGENDARY RISE CONTINUING OR ABOUT TO END?#