LINK Surges Past $12 as Analysts Identify Potential for Additional Upside

Chainlink's (LINK) price has surged past $12 after experiencing a 6.2% increase in just 24 hours.

This uptrend follows a bounce from the $11 support level, which has consistently attracted purchasing interest according to market data.

Cryptocurrency analyst Hov identified a completed five-wave rally from LINK's September bottom, suggesting potential for additional upside.

Key resistance barriers are positioned near $12.80-$13, with a secondary target at $15.