Chainlink Soars 7.3% Amid Uptrend Towards $11
The Chainlink (LINK) price surged to $9.48 after a 24-hour rally, gaining 7.3% in value. The trading volume for LINK reached approximately $503.74 million, and its market capitalization was valued at around $7.10 billion.
Michael van de Poppe's chart analysis suggests that LINK is forming an ascending pattern following months of stagnant price movement. The token has been climbing from its recent bear market bottom, creating higher bottoms in the process.
According to Van de Poppe's chart, LINK is breaking into an uptrend and may continue towards $11, with key price levels above the current price at around $10.87 and $11.40. This view is in contrast to Wick's analysis, which shows rejection from a marked sell range.
The trading session saw solid movement in the early hours followed by a pullback from the session high, with LINK trading between $8.76 and $9.72 at its current price of $9.48.