Chainlink (LINK) Among Top Gainers With 11% Daily Surge, Is A Rebound To $24 Coming?
Chainlink (LINK) surged 24% after regaining the $14 support level, following a drop to a four-month low of $11.71 earlier in the week. The cryptocurrency had struggled to break above the $12.5-$13.5 range before today's rally. Analysts note that the $14 level has historically served as a critical support and breakout point. Following the surge, LINK reached a high of $14.71 but retraced to the $14.4-$14.5 range. Increased whale activity, including a purchase of 863,174 LINK for $12.1 million, indicates strong buying interest. Analysts suggest that if LINK maintains its current level, it could rebound to $24 or even reach $45 with sufficient buying pressure. Despite the positive outlook, some analysts warn of a potential retest of the $10 mark before any significant upward movement. Currently, LINK is trading at $14.51, reflecting an 11.6% daily increase.
