While the crypto currency market has been fighting high volatility in recent weeks, the price of Altcoin Chainlink (LINK) has experienced a remarkable recovery today. LINK, which gained 6 percent in the last 24 hours, attracts the attention of investors, while experts’ predictions show that double -digit gains are possible. This rise took place in an environment where Bitcoin fought below $ 85,000 and Ethereum struggled at $ 1,800. It is also observed that Donald Trump’s statements about tariffs create uncertainty in the crypto market. So, what’s behind this recovery in the price of LINK and is it possible with a 35 percent rally?
Chainlink price rose by 6 percent but declined
Chainlink had lost 15 percent in the last month and entered a decline trend. However, today it reached up to $ 14.36 with a 6 percent rise. This rise, which took place with the effect of the recovery in the global crypto market, excited investors for a short time. However, after Donald Trump’s statements about customs tariffs, the uneasiness in the markets increased and the price of the link has declined again. Chainlink’s market value, which is currently traded at $ 13.65, was recorded as $ 8.96 billion.
Despite this fluctuation, the 40 percent increase in LINK’s 24 -hour trading volume shows that the interest rate is high. This can create a ground for more recovery in the Chainlink price.
35 percent rally scenario for Altcoin
Experts say that developments in new tariffs may affect Bitcoin and other crypto assets. Chainlink may also be affected by this process, but technical analyzes indicate the possibility of rise. Technical graphs show that the price of LINK moves within a “symmetrical triangle” formation. This is a technical model, which is generally considered as a harbinger of the bull market. Link price is currently located at a level close to the summit point of the triangle and can start a strong rally if a possible upward break is realized.
Crypto Analyst Ali Martinez, social media platform X in his share, LINK’in upward output from the symmetrical triangular formation of a 35 percent of the price increase, he said. If this scenario occurs, the price of LINK may rise to $ 21.
However, this must be supported by a strong recruitment movement to consist of an estimation and to be finalized. If the LINK price falls below the support level, the bull scenario may lose validity and the price decrease may continue. Considering the volatil structure of the crypto market, it will be important for investors to follow LINK price movements carefully.
