ChainLink cryptocurrency has grown steadily over the past month after its start and start of the year. Altcoin has risen 7% since the beginning of April, and will be participating in other popular cryptocurrencies on the green during the same period. ChainLink is flashing a strong signal to climb further, with analysts suggesting that the link can return to $45.
Recent analyses show that links form bullish structures in different time frames. Analysts suggest that critical resistance levels could be tested soon, with rising targets set to higher ranges such as $40 and $45. Link’s highest ever priced at $52.88, a price you won’t see after 2021. Not only will it open up to chain link investors’ profits of $45, but it will also regain and even surpass the price of its ATH.
ChainLink price list shows cup and handle patterns. This is a pattern that analysts generally cite as bullish signals. The cup and handle patterns appear primarily during the market integration period, and the project forwards a sustained upward trend. For Links, the tokens have recently moved towards critical resistance levels between $15.30 and $15.50. Violating $15 is just the first step towards $45, but it’s still important.
Crypto Market analyst AmcryptoAlex predicts a revaluation in the $13.8 to $14.0 range before the next upward movement. Analysts point out that if the price exceeds $14, the price will increase from $18 to $19. As a result, this confirms the expected size of the movement identified in the cup and allows the pattern measurements to be processed.
According to analysts at Concodex, Link will be able to continue its bullish trajectory in the coming days. The platform predicts assets that violate the $17 mark on May 5th. Cincodex predicts the link for $19.49 on May 11th. Link’s price will rise 30.72% if it reaches its $19.49 target. Meanwhile, Concodex does not expect the chain link (link) price to be held at $19. The platform expects a revision of $10.12 on May 24th. A drop from the current price level to $10.12 requires a correction of about 32.13%.
