Chainlink Price Soars 22% On President-Elect Donald Trump’s World Liberty Financial Purchases: How High Can LINK Go?
Posted On December 12, 2024
Chainlink (CRYPTO: LINK) soared 22% in 24 hours, bringing its month-over-month performance to 93% as fundamental developments point to a bullish future.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Chainlink (CRYPTO: LINK) | $27.80 | $17.4 billion | +22% | +14.8% |
| Avalanche (CRYPTO: AVAX) | $49.86 | $20.4 billion | +9.9% | -5.5% |
| TRON (CRYPTO: TRX) | $0.2963 | $25.6 billion | +8.2% | -12.4% |
Trader Notes: Crypto trader Altcoin Sherpa advises traders to look for demand zones on lower timeframes, targeting $25 for short-term scalping. For longer-term positions, he suggests $24 as an ideal entry. “Still bullish on this one,” he noted.
Another veteran trader, Jacob Canfield, highlighted Chainlink’s successful retest of its impulse breakout base, breaking local resistance, and called it “probably the start of the uptrend.”
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