The #LINK price records a new 52-week high of $26.77 with a trading volume of $1.72 billion.
A potential breakout rally could push the price of this altcoin toward the $32 mark.
Technical indicator EMA 50/200-day record a Golden Cross in the daily time frame.
With the Bitcoin price achieving its milestone price this week, the altcoin market has added significant valuation over the past few days. Moreover, top altcoins such as Chainlink have gained massive attention from traders and whales, highlighting increased adoption.
With the rising bullish price sentiment, will LINK price achieve a new ATH this altcoin season? Read CoinPedia’s latest Chainlink price analysis to uncover the short-term price prospects!
LINK Crypto Token Records Increased Price Volatility
The Chainlink price has surged 8.59% in 24 hours with a trading volume of $1.72 billion, a change of +22.69%. Furthermore, it has soared 36.33% over the last seven days and has 2xed in valuation over the last 30 days.
The Moving Average Convergence Divergence (MACD) displays a constant green histogram with its averages showing a significant rise in the Chainlink price chart. This suggests increased buying pressure for the 15th largest crypto token in the market.
Further, the EMA 50/200-day records a Golden Cross in the daily time frame, highlighting a strong bullish altcoin for the altcoin during the upcoming week.
Will LINK Price Hit $50?
If the market continues favoring the bulls, the Chainlink token will test its upper resistance level of $29. Maintaining the price around that psychological barrier could prepare to altcoin to head toward its target price of $32.
Conversely, if the bears regain momentum, the LINK coin price could retest its support level of $23. Further, if the bearish sentiment intensifies, this could result in it plunging toward its lower support level of $20 this year.
