FacebookTwitterLinkedInTelegramCopy LinkEmail
Technical Analysis

Chainlink (LINK) Poised for Surge as Analysts Predict Breakout

Chainlink (LINK) Poised for Surge as Analysts Predict Breakout

Crypto analyst Ali Martinez has suggested that Chainlink (LINK) might be gearing up for a significant price surge.

Martinez, who shares insights with a sizable following on social media, noted that Chainlink faces strong resistance around the $19.40 to $20.03 range due to a substantial number of LINK held by multiple addresses.

However, if LINK manages to break through this resistance, Martinez believes it could potentially reach $26.87, marking a substantial 38% increase.

READ MORE: Thailand Paves Tax-Free Path for Crypto Traders

Additionally, other analysts share a bullish outlook on Chainlink’s future. Rekt Capital acknowledges an uptrend but anticipates a possible dip before a continuation, while Inmortal predicts an impressive 443% surge for Chainlink during this cycle.

Investors and traders are closely watching the developments, with Chainlink currently trading at $18.40, experiencing a slight decline over the past 24 hours.

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

Learn more about crypto and blockchain technology.