Chainlink Price Skyrockets 34% In Weekly Shift Amid Altcoin Volatility

Key Points

1. Chainlink's price surged by 34% in the last seven days, climbing from around $16 to over $23, with a 6.51% uptick in the last 24 hours.

2. Trading volume for LINK increased by 6.07%, reaching $1.51 billion, indicating sustained investor interest.

3. The token's Relative Strength Index (RSI) at 65.71 suggests potential for further growth before entering overbought territory.

4. Whale accumulation and Ethereum's bullish momentum have contributed to Chainlink's price surge.

5. Analysts predict Chainlink could surpass $28, with current price trends supporting this bullish outlook.