Chainlink (LINK), which has risen more than 12 percent in the last 24 hours, is challenging the depreciation in Bitcoin (BTC).
BTC, which has been in a volatile price structure for several days, has led many altcoins to test support levels. Although some altcoins showed a strong reaction from support, the majority continued to lose value. However, Chainlink (LINK) performed 12 percent, gaining momentum from a critical region. It also managed to become the most appreciated coin of the day.
Chainlink (LINK) Chart Analysis
The popular coin, which made a splash at $ 6.50, gained 12.20 percent in the last 24 hours. Being at the top of the winners list, LINK has become one of the most popular coins of recent times. Watching the next resistance at $7.43, LINK can target $7.81 – $8.25 and $8.79, respectively, if it breaks this area. In this process, the price movements of BTC and the level of BTC.Dominance can be decisive.
BTC trading below $30,000, which is a key point in the wide timeframe, or the sharp moves of LINK whales could push the price back to support levels. In this scenario, the support points to watch on behalf of LINK are $6.52 – $6 and $5.27, respectively. Additionally, the loss of the last support area could exacerbate the selling tide.
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