- Chainlink increases 10% and with the course the optimism for the target of $ 14, since the mood of the cryptom market generally turns back into positive.
- Technical indicators signal upward potential, whereby analysts consider $ 14.50 to $ 22 as the main resistance before the run.
Chainlink (Link) wins back on swing again after his beginning of March and once again strives for a new monthly high. Currently act at $ 13.20, Link is 2% up in the last 24 hours. The cryptocurrency won about 10 % of its low of $ 12.01 on March 11th. However, the trading volume has dropped by 18 % in the last 24 hours.
The resolution follows an increased optimism in the crypto area, which partially through the announcement by US President Donald Trump to create a national cryptocurrency reserve. Although Link was not explicitly called, the mention of “other valuable cryptocurrencies” has triggered speculation that it could be enclosed, which further heats up the bullish mood.
In addition to the positive prospects, Chainlink’s long/short ratio indicates that buyers dominate the market. The bulls buy aggressively link, which reflects the trust that the token will not experience a deeper decline despite a short setback at the weekend.
Technical indicators signal strength for link
On the technical front, Chainlink shows a hidden bullish divergence on the weekly chart. The cryptocurrency recently reached a week of $ 11.85 before recovering. If this trend continues, forecast Analysts for the coming months a possible rally towards $ 22 or higher.
The relative strength index (RSI) also shows signs of strength and forms higher lows, during the price of an ascending support line. Historically, this type of divergence signals a possible trend reversal. With the last 17.26 million link -traded link, the purchase pressure seems to be gaining weight, which increases the likelihood of an outbreak.
Analyst Tony Bitcoin identified $ 14.50 as an important resistance value. A successful breakthrough could confirm an upward trend and trigger an even stronger momentum. Crypto dealers on platforms such as Mexc futures use the advantages of the free trade in Expectation a clear upward movement.
Old coin season and possible state support strengthen trust
While spring is approaching in the United States, analysts suspect that the wider cryptocurrency market could enter into a house phase. From now to May, many expect a steady increase in Altcoin prices, with Chainlink, XRP and others take the lead. Speculations about a potential cryptocurrency reserve of the US government pour oil into the fire because investors bet on their recording.
The crypto dealer Nicu announced that insiders believe that Chainlinks Proof of Reserve technology is integrated into the proposed strategic reserve. If this is the case, this would be an important milestone for the blockchain verification sector and would increase the transparency and safety of national stocks. Such a development could skyrocket the price of link.
Even if the current dynamic of Chainlink is strong, sustainable growth will depend on whether the course can overcome resistance and maintain the purchase pressure. If the BULLEN link press over the $ 14.50 mark, the next important destinations could be $ 22 and even $ 30 in the long term. Our long-term chainlink analysis predicts $ 2000 $ 6000 to 2025-2028.
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