Chainlink Market Cap Shot Up 14%: How High Can LINK Go This Week's End?

Chainlink (LINK) has witnessed its market capitalization surge by 14% in just 8 hours. $LINK also appears to be decoupling from the altcoin pack and potentially setting the stage for a significant rally.

🐳 #Chainlink's market cap has shot up +14% in the past 8 hours, decoupling from the #altcoin pack. There are now 564 100K+ $LINK whales, a +4.6% rise in just 5 weeks. If social dominance calms and #FOMO (fear of missing out) doesn't take over, #bullish conditions are ahead.

Chainlink (LINK) is trading at $16.81 at press time, having experienced a 13.20% increase in the past 24 hours. The cryptocurrency’s 24-hour trading range has been between $13.57 and $17.06, indicating strong bullish momentum.

Looking ahead to the weekend, in conclusion with some crypto experts at Changelly, we were able to have analyzed Chainlink’s price fluctuations at the beginning of 2024 and have provided their predictions for the weekend. Also, they expect the average $LINK rate to be around $16.44, with a minimum price of $13.87 and a maximum price of $19.01.

Chainlink has the potential to continue its upward trajectory throughout the weekend, possibly even testing the $19 resistance level if the bullish sentiment persists.