The post Chainlink (LINK) Eyes the $30 Mark After Breaking Resistance appeared on BitcoinEthereumNews.com.

Chainlink rallied 23%, with its price hitting the $25 range. LINK’s daily trading volume has surged by over 482%. As the largest asset, Bitcoin (BTC) consolidates in the $95K range, major altcoins are moving to their new highs. The anticipated alt-season is around the corner, with Chainlink (LINK) jumping over 23.70% in the past 24 hours, to a year high. Notably, LINK has surged over 133% in the past month, climbing from $10.96 to today’s peak. The surge continued over the past week by 52%, rising from the $16 range. Notably, in the early hours, LINK traded at a low of $19.02. Despite struggling, the asset displayed an upside rally and climbed to a high of $26.50. At press time, Chainlink trades at $25.71, with its market cap reaching $16.11 billion.  Furthermore, the market observed a liquidation of $9.48 million in LINK as per Coinglass data. Also, the daily trading volume has reached $9.21 billion, according to CMC data.  On the other hand, a whale has accumulated 269,861 LINK worth $6.68 million. A total of $2.6 million has been spent to purchase 107,838 LINK at $24.1. Also withdrawn 162,024 LINK from Binance. This suggests a strong accumulation, possibly anticipating the asset’s price movement. Is LINK Set to Climb Further? LINK’s four-hour price chart reports the upside price action. A steady rally beyond the current price could push the asset to move higher and might likely bring in a retest at $28.66 resistance zone. If the altcoin holds the price stable, it could mount above the $30 range.  On the downside, if LINK’s current price momentum fails to prop up, the asset could fall down to test its nearby support at the $22 zone. A steep plunge below this level might possibly push the altcoin to dip even lower.  Additionally, the…

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Filed under: News - @ December 3, 2024 3:19 pm