Chainlink (LINK) Price: When Will LINK Reach $24?
Chainlink (LINK) is facing some resistance following a short-term rise out of a bearish phase The altcoin is trading just over $13.50 at press time, down 3% in the last 24 hours. The asset had previously surged after US President Donald Trump announced plans for the country’s first crypto reserve. Although LINK was not named, the president noted that it would include “other valuable cryptocurrencies” to purchase to make up the reserve. Despite appearing to have hit a resistance of $14, Chainlink LINK’s price shows signs of a potential reversal. The coin is forming a hammer candlestick and retesting a rising channel’s lower boundary, forming higher lows. This could be a sign that a reversal is approaching. If bullish momentum picks up, LINK could rise to $24 in the short term, aligning with the daily 1.618 Fibonacci retracement level. However, if the price falls below $13 and stays there, further losses toward $10 may follow. With LINK incredibly volatile, it’s hard to ...