#LINK Price Hits $25.
Bullish sentiment could push the price of this altcoin toward $28 this month.
Despite the Bitcoin price losing momentum, the altcoin market has displayed an impressive price rally over the last few days. Moreover, by successfully reclaiming the $25 mark, the LINK price continues to be under the limelight of investors.
The Chainlink price will maintain its bullish price action and surpass the $29 mark this week.
Bullish Price Action!
With an intraday surge of 10.83% and a trading volume of $1.672 billion, the LINK coin price has maintained its bullish price rally. Notably, this altcoin is trading within an ascending channel pattern and has surged ~77% over the last 3 weeks.
Further, the Relative Strength Index (RSI) has breached the overbought range in the LINK price chart. With its average trendline experiencing a steady rise, this altcoin is projected to continue getting value.
Maintaining the price above its support level will set the stage for the Chainlink token to retest its resistance level of $25
Furthermore, if the bullish sentiment intensifies, this could push the price toward its upper price target of $29.
On the flip side, a bearish reversal could pull the price toward support level of $24
Moreover, if the bears dominate the cryptocurrency space, this could result in this altcoin plunging toward its lower support trendline of $17 this month.
Can Chainlink hit $50?
For LINK price to achieve this price target, it will require a surge of 143.54% in its current valuation.
Should buy Link?
The Chainlink crypto token surged 77.89% in November, resulting in it being closely monitored by top crypto investors and whales.
What will Chainlink be worth in 2025?
If the bullish sentiment sustains, it may surpass the $100 mark with a potential high of around $115.