Chainlink Price Records 35-month High, LINK Price Eyes To Hit $32?
Story Highlights
- LINK price hit a new 52-week high of $26.77, with trading volume of $1.72 billion.
- A potential breakout rally could push the altcoin’s price towards the $32 mark.
- The technical indicator EMA 50/200 recorded a golden cross on the daily time frame.
As Bitcoin price reached its price milestone this week, the altcoin market has seen a significant increase in valuations over the past few days. Additionally, top altcoins such as Chainlink have gained widespread attention from traders and whales, highlighting the increase in adoption.
With bullish price sentiment rising, will LINK price reach new ATH this altcoin season? Read CoinPedia’s latest Chainlink price analysis revealing the short-term price outlook!
LINK Crypto Token Price Volatility Increases
Chainlink price surged 8.59% in 24 hours, trading volume was $1.72 billion, change +22.69%. Furthermore, it surged 36.33% in the past 7 days and tripled its valuation in the past 30 days.
The Moving Average Convergence Divergence (MACD) shows a constant green histogram with its average showing a significant increase on the Chainlink price chart. This indicates increased buying pressure for the 15th largest crypto token on the market.
Additionally, the EMA 50/200 Days registered a golden cross on the daily time frame, highlighting the altcoin’s strong bullishness in the week ahead.
Will LINK price reach $50?
If the market continues to favor the bulls, the Chainlink token will test its upper resistance at $29. Sustaining prices near this psychological barrier could set the stage for the altcoin to move towards a $32 price target.
Conversely, if the bears regain momentum, LINK token price may retest the $23 support. Additionally, if bearish sentiment intensifies, it could lead to a drop towards this year’s lower support at $20.
Find answers to questions like: Can Chainlink reach $1,000? read our Chainlink Price Prediction Unraveling the Mystery of Long-Term Prices!
FAQ
With increasing bullish price action, LINK price may achieve this price target in 2025.
With a 24-hour change of 8.59%, the Chainlink price is currently changing hands at $24.95.
If bullish sentiment persists, LINK coin price could reach a high of $225.58 in 2029.
