Following the Fourth Bitcoin Halving on Friday, the cryptocurrency market experienced a broad recovery rally, with significant gains across major coins. By Monday, Bitcoin had surpassed the $65,000 mark, reinforcing the momentum of recovery in the altcoin sector. In this upbeat market environment, the Chainlink price rallied from its $12.75 support level, posting a 20% increase to hit $15.3. With this post-halving surge, can the LINK price exceed $20 in April?
Also Read: Crypto Price Prediction 4/22: Bitcoin Above $65k Sparks Fresh Relief Rally
Is Chainlink Price Heading to $20?
Chainlink Price| Tradingview
The near-term trend in Chainlink price is bearish evidenced by the downsloping trendline in the daily chart. The dynamic resistance plunged the coin value from $22.8 to $11.78, registering a 48% loss.
Amid the Bitcoin halving, the LINK price stalled its correction at $12.7, above the 61.8% Fibonacci retracement level. In theory, this level stands as a crucial support level for buyer
We współpracy z: https://coingape.com/markets/chainlink-price-hints-20-upswing-amid-key-resistance-breakout/
