The crypto market’s ongoing uptrend is set to keep the investors awake in this lockdown period. While BTC is just a little away from $10,000 since yesterday, such bullishness has lifted the spirit of altcoins like LINK too. However, Chainlink may enter the top altcoins league soon. A few factors behind that include its recent price rise along with some humongous collaborations.
Recently, the news was making rounds stating how Chainlink is fetching support from an exchange giant like Coinbase.
LINK Forms Bullish Pattern, Eyes Further Gains
LINK price has been through a few ups and downs over the last 24 hours. The currency, over the last 24 hours, has formed an inverted Head and Shoulder pattern with a strong bullish bias. Moreover, despite minimal corrections, the coin has remained above the 38.20% fib level.
Chainlink’s price noted its lowest price point at $3.70. The way the coin keeps trading around $3 only, which puts it in the range-bound area.
The coin initiated its short-term price escalation at 14:00 UTC, and it formed a couple of higher highs at $3.84 and $3.88. LINK price surged by more than 4%, and further rally can be anticipated. Here, the coin holds a stable RSI with a bearishly moving MACD indicator. However, as per the Chainlink forecast, the price continues to follow the same pattern. The LINK price will rise in the upcoming years.
