- LINK, the seventh-largest crypto token by market cap, has recently achieved a new all-time high at the level near $25
- Since this New Year, the token has surged by more than 105%
- There seems a chance for the token to retest record highs towards the level of $28
- Where LINK was soaring, Bitcoin had a significant plunge in its price level
LINK, the native crypto token of Chainlink, has created a new all-time high price record near the price level of $25, on Saturday. It is observed that since the beginning of this year, the token has gained more than 105%. The token created a new record following a sharp rise in the last 24 hours. It was also observed that with the soaring price, the total market cap of the token also soared to more than $10 billion.
The price-performance of Chainlink’s LINK
The performance of LINK in recent months remained highly volatile. Though the day was very happy for the token holders, it dropped by a slight margin, the next day. Earlier this month, while the price rally of Bitcoin was attracting several enthusiasm from all quarters, LINK was exploding 1300%. If we observe the surge LINK level had, it was very significant for the token, as it skyrocketed from $1.77 to $25, within a month. On the other hand, the total market cap of the token has surged from $4.5 billion to more than $10 million.
Technical analysis and future prediction of Chainlink
According to the data from CoinMarketCap, LINK is the seventh-largest crypto token by market cap. It created a new high record of ATH, although at press time having a dip at $23.80. A sustained move above the latter could drive the token near the $25 mark. Above the mark, the ATH would be retested. On radar of the buyers, the pattern target is measured above $28. However, if the correction in the price boosts, then the next support level is at $23.37, which is likely to challenge its commitment to the lower side. If the support at $23.85 caves in, then the users may not find a bullish momentum.
Performance of other crypto assets
Last week, the leading crypto token Bitcoin plunged to a lower level at $28,900. However, Bitcoin is not the only token whose price took a dive as Bitcoin SV and Bitcoin Cash were also down by 4%. Meanwhile, POLKADOT continued to soar in the market with AAVE. Over the last seven days, DOT was up by more than 3%, AAVE has surged more than 32%.
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