rally might be nowhere near its end.
TL;DR
- While the broader crypto market corrected, Chainlink (LINK) rose to nearly $19, marking a 6% daily increase.
- Analysts forecast further gains for the asset, supported by rising whale activity and key partnerships. Metrics show large transaction volume and a shift from exchanges to self-custody, indicating reduced selling pressure.
All Eyes on LINK
The cryptocurrency market experienced a correction in the past several hours, with numerous leading digital assets retracing substantially. Bitcoin (BTC), for one, dropped from $70,600 to $67,500 before settling at its current level of around $68K (per CoinGecko’s data).
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bitcoinbitcoin However, not all cryptocurrencies are in the red. One notable gainer is Chainlink (LINK), whose price neared the $19 mark following a 6% increase on a daily scale and a 35% rise over the last two weeks.
Multiple analysts noticed the token’s rally, and some envision further ascents in the foreseeable future. The X user FLASH presented a macro chart depicting LINK’s different stages and their impact on the price. The trader outlined ten
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