Chainlink Posts Strong Rebound; Why It Could Soon See a Bullish Trend Shift

Chainlink Posts Strong Rebound; Why It Could Soon See a Bullish Trend Shift


Chainlink has been severely underperforming Bitcoin throughout the past few weeks, with the crypto remaining well below its 2020 highs despite Bitcoin’s strength Many altcoins have seen similar performance, as the proverbial ‘altseason’ that investors are watching for remains elusive The crypto has seen a notable rebound throughout the past few days, with its price forming what appears to be a local low around $13.00 This region has long held as support, and a continued defense of it could allow for significantly further upside One analyst is noting that the strength seen against Bitcoin and USD indicates that LINK could be poised to see further upside in the days ahead

Chainlink has seen a notable rally from its recent lows, with the cryptocurrency surging as bulls try to establish its recent lows as a long-term bottom.

Where it trends in the mid-term will undoubtedly depend on Bitcoin, Ethereum, and the rest of the market, but the strength

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