Experts are keeping a close eye on LINK’s progress to see if it can repeat its previous strong run while Bitcoin’s price halves like crazy.
Chainlink made an impressive recovery after the recent drop in value that caused LINK and a few other cryptocurrency to fail. The thrill of Bitcoin’s split helped this rise go even further. If you buy LINK, you should feel hopeful again now that the price has gone up by 4% in just 24 hours.
This site’s sources show that many people who buy LINK are still losing fund, even though the price is rising. Today, though, there are signs that things might be about to get better for the altcoin.
Bitcoin Halving Spurs LINK Surge,
LINK is going up, according to a well-known crypto expert named World Of Charts. This means that LINK will continue to go up. Also, looking at Santiment’s data shows that investor confidence has gone up, which can be seen in both LINK’s weighted opinion and social volume estimates.
By looking more closely at LINK’s metrics, experts have seen that buying pressure has significantly increased, which is a positive sign for the cryptocurrency. Chainlink’s stock on exchanges has gone down, but accumulation off-exchange has gone up, which shows that investors are becoming more interested.
A report from Hyblock Capital says that the $14.7 mark is very important for Chainlink’s upward trend. The LINK could reach new all-time highs if it breaks above this level. It might be able to get back to the $15 level.
Analysts believe that LINK could do as well as it did before, which would cause prices to reach all-time highs in the coming months. It’s like how people felt when Bitcoin split the first time in 2020. In the next few weeks, investors will be very interested in how Chainlink does as they wait for more news.
