Chainlink (LINK) Soars 10% Higher Amid Positive Fundamental Trends

Chainlink (LINK) Soars 10% Higher Amid Positive Fundamental Trends

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Chainlink (LINK) has gained 10% in the past 24 hours as Bitcoin has continued to hold in the $13,000 region. The popular Coin

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is currently the top-performer in the top 10 cryptocurrencies, outpacing Bitcoin’s 1.5% gain, Ethereum’s 5% surge, and the 1-3% performances by the other leading altcoins.

Analysts think that the cryptocurrency is poised to gain even further traction in the days ahead as fundamentals and technicals align.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

LINK Is Preparing to Soar Even Higher, Technicals Show

Analysts think that LINK is set to continue even higher in the weeks ahead as it forms pivotal technical formations after an over 60% drop.

One crypto-asset analyst shared the chart below, which shows how LINK is breaking through a downtrend that formed at the August highs, which also were the