2 days ago
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- Chainlink price rose to highs of $9.42 as LINK mirrored broader gains.
- Bitcoin’s surge to $74,500 could embolden LINK bulls to challenge resistance around $10.
- The supply zone has capped upside for months.
Chainlink (LINK) price is once again pressing into the robust supply zone near $10, with intraday gains to $9.42 outlining bulls’ intentions.
Despite sentiment around most altcoins being cautiously optimistic, largely due to what happens next after Bitcoin’s upswing to $74,500, gains for LINK above $9.50 could see buyers target $12.
In this case, the 80% jump in daily volume may indicate an upbeat outlook, particularly if the bellwether asset BTC pumps further.
Chainlink tests resistance amid broader market gains
The Chainlink price is up nearly 6% in the past 24 hours, joining the rest of the market in riding the upside momentum in BTC.
However, LINK has notably underperformed the wider market over the past months, repeatedly failing to secure a sustained break above the $9.40-$10 area.
The underperformance has held despite the project’s steady stream of ecosystem milestones and integrations.
Amid this outlook is the token’s Read Entire Article
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