A Minor Retracement May Arrive
Chainlink price that consolidated below $35 for quite a number of days before the bulls uplifted the price above $40. The price broke from the ascending triangle to reach a new all-time high at $42.08. The 10% rally re-entered the asset into the top 10 cryptocurrency lists pushing Dogecoin to the 11th position.
However, currently it is mandatory for the bulls to uplift the price and stand strong above $36.93 for a continued march. According to the analyst, RESEARCH 24/7, if the price sustains above these levels, then the price may hit $50.
The #bulls have propelled #Chainlink $LINK above the $36.93 overhead resistance today, indicating the resumption of the #uptrend. If the bulls can sustain the price above $36.93, the altcoin could continue its march toward $50. pic.twitter.com/uYFlkxVhiu
— RESEARCH 24/7 (@smallcappick) April 15, 2021
However, the analyst has also predicted a slight pullback and stabilize above $36 before resuming a northbound trajectory. However, the jump may rally the price close to $45.2 post a minor retracement.
Also Read : Chainlink, Polkadot Intensify Race to $100, Which Will Reach First?
Chainlink Price May Hit $100 By May
The price of Chainlink at the time of writing jumped from $40.98 to $41.19 with a magnificent surge of 12.34%. The price continues, however, maintains its uptrend and adds up gains every new minute.
The bullish trend is expected to rally high and attain the highest ever levels in the history in the coming days. According to a popular analyst, MacroCRG, the link price may hit $100 by the end of May 2021.
— MacroCRG (@MacroCRG) April 14, 2021