Chainlink (LINK) Rips 10% Higher: Why Analysts Say More Upside Is Likely

Per the chart, LINK is up 8.67% in the past 24 hours, though gained much more from the capitulation lows to the recent highs. Chainlink Has Room to Rally, Say Analysts Although LINK has not yet set a new all-time high against the U.S. dollar, it may be poised to print a bullish continuation pattern on its chart.

That’s according to one cryptocurrency trader, who argued on August 2nd that now is a “good spot” for Chainlink to continue higher: “$LINK (USDT) daily chart – As price re-tests the all time high area, this is a good spot for a cup and handle continuation, or ascending triangle continuation patterns to form.” Featured Image from Shutterstock Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com.

Timeline of Chainlink, Tether