Chainlink (LINK) Targets $50 After Bull Flag Breakout
Chainlink's token, LINK, currently valued at $15.54 billion, is aiming to enter the top 10 cryptocurrencies by market capitalization. Analyst Ali Martinez predicts LINK could reach $50, citing a bullish flag pattern breakout.
- LINK has surged 13.41% in the last week and trades at $24.31.
- Key resistance levels are at $27.14 and $29.
- 80% of LINK holders are in profit; the altcoin is up 74% over the past year.
- Donald Trump's World Liberty Financial holds 256,315 LINK valued at $6.25 million.
Price Analysis
- Trading volume for LINK decreased by over 50%, totaling $590.23 million.
- Daily high reached $25.97 with significant trading in LINK/USDT and LINK/USDC pairs.
- Relative Strength Index (RSI) at 54.41 indicates bulls have control but may retest lower levels.
- MACD shows bullish signals, though selling pressure is increasing.
Source: TradingView