Chainlink (LINK) is flashing bullish signals again after weeks of range-bound action. The altcoin recently rebounded from the $17 support level, surging past $18.50 with a daily gain of 3.16%. This rise comes amid renewed confidence across the altcoin market, with LINK trading volume reaching $911 million in 24 hours.
Technical indicators are leaning bullish. LINK’s price is riding the upper Bollinger Band, and RSI currently stands at 67 after briefly touching 72.95 — suggesting strong buying pressure that’s just cooling off slightly. The key resistance range between $19 and $21 will be crucial in determining whether LINK can continue its breakout momentum.
With a market cap of $12.51 billion, Chainlink remains a top 15 crypto by market value. If the price manages a clean breakout above $19, bulls may push LINK toward short-term targets of $21 or even $23. However, failure to break this resistance could send it back toward $17 or $15 support zones — aligned with the mid-Bollinger Band and 20-day SMA.
Investors are watching closely. A confirmed breakout could signal the next altcoin rally phase, with LINK leading the charge.
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