NewsletterHow Far Can Chainlink Price Climb This Holiday?
Highlights
- Chainlink price bullish momentum signals potential gains toward new highs.
- TD Sequential indicator hints at a rebound from key support.
- LINK/BTC breaking a 1,590-day downtrend could spark a bull run.
Chainlink price has gained significant bullish momentum, driven by an ascending triangle pattern that signals potential upward movement. Analysts remain optimistic about LINK’s prospects, forecasting further gains during the holiday season. The market anticipates LINK could approach a new all-time high if current momentum persists. Investors closely watch LINK’s performance amid growing confidence in its upward trajectory.
How High Can Chainlink Price Go This Christmas?
Crypto analyst Ali shared an X post highlighting a potential buying opportunity for Chainlink price based on the TD Sequential indicator. The signal appeared on LINK’s 4-hour chart, suggesting a possible rebound if key support holds.
Ali emphasized that the $26.8 support level is critical. If Chainlink price prediction maintains this threshold, the price could rally toward $28.5. A further move to $30.2 remains possible if bullish momentum strengthens.
This buy signal, supported by the TD Sequential indicator, reflects growing optimism for a short-term recovery. As market conditions evolve, LINK investors are monitoring for confirmation of the upward trend.
Chainlink Price Rallies Strong Amid Bullish Momentum?
Over the past month the LINK price has surged by 90% and a weekly surge of 15% indicating bullish trend. With the surge in the crypto market rally the LINK is poised to see more gain ahead.
As of reporting time, the LINK price hovered at $27.12, with a 4% decrease in the past 24-hours.
The current price of LINK sits at $26.85, positioning 96.66% of holders in the money with 966.65 million LINK valued at $25.77 billion. Meanwhile, only 5.27 million LINK worth $140.44 million is out of the money, representing 0.53%. Coverage stands at 100%, with slight activity *at the money.
Crypto expert has boldly predicted that Chainlink price will be among the top-performing altcoins by 2025. According to him, the LINK/BTC pair is showing strong signs of breaking out of a significant downtrend that has persisted for over 1,590 days.
This technical shift, if sustained, could mark the beginning of a major bull run for the asset. Analysts further hinted at institutional interest, suggesting former U.S. President Donald Trump may be accumulating LINK.
Chainlink’s bullish momentum and strong technical indicators suggest the potential for significant gains this holiday season. With key support levels holding, analysts project a possible rally toward $30, keeping investors optimistic about LINK’s near-term prospects.
Frequently Asked Questions (FAQs)
1. What is driving Chainlink's price rally this holiday season?
2. What is the TD Sequential indicator showing for LINK?
3. What are the key resistance levels for LINK?
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