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LINK token price has made a triple bottom formation and recaptured past gains.
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Buyers are looking to stretch the pullback and eyeing the $20 mark.
The ChainLink (LINK) token flipped from the trendline support mark of $13 and surged over 30% this week.
Meanwhile, the up move is fueled by Ether ETF news which led to the sudden bounce. Additionally, the token has ended the correction phase and displayed demand at the lows.
The LINK token price escaped the key moving averages and gave a surprising up move which trapped the sellers, and short covering activity was noted this week.
At press time, LINK price traded at $16.52 with an intraday drop of 1.89%, reflecting neutrality on the charts. It has a monthly return ratio of 8.25% and 151.20% yearly.
The pair of LINK/BTC is at 0.000236 BTC, and the market cap is $9.69 Billion. Analysts are neutral and suggest that the LINK price may stretch the pullback and might retest the $20 mark shortly.
We współpracy z: https://www.thecoinrepublic.com/2024/05/22/chainlink-soared-over-30-this-week-whats-next-move-for-link/
