What next for LINK after rebounding above $16? Check forecast
Main Idea
LINK's price rebounded above $16 following the launch of Chainlink's data streams for U.S. equities and ETFs, with potential for further rally to $19 amid bullish market conditions.
Key Points
1. LINK is trading above $16 after recovering from a weekend low of $15.
2. Chainlink launched data streams for U.S. equities and ETFs, which are being adopted by DeFi protocols like GMX and Kamino.
3. Technical indicators suggest LINK could dip to $15.5 before potentially rallying to $19 or higher.
4. The broader market's performance may influence LINK's price, with risks of dropping to $13.9 or $10.8 if sell-offs persist.
Description
The cryptocurrency market began the new week positively, but has failed to build on the momentum. Bitcoin, the leading cryptocurrency by market cap, hit the $115k mark early on Monday but has now dropped to the $113,900 level, losing less than 1% of its value in the last 24 hours. Altcoins are also underperforming, with most of them currently in the red. Dogecoin, XRP, Tron, and BNB are all down by less than 1% over the last few hours. Chainlink’s LINK also bounced back from the weekend low of $...
Latest News
- Analysts see AI token to outpace AVAX as CMC boost fuels million dollar daily sales2025-08-05 21:35:30
- 5 altcoins whales are quietly buying after Bitcoin reclaims $114K2025-08-05 20:54:05
- Analysts tip RUVI over BNB as presale soars after CMC listing2025-08-05 20:08:28
- SEC says liquid staking activities and tokens are not securities2025-08-05 20:05:58
- Jito Labs proposes full revenue control for DAO in JIP-24 governance proposal2025-08-05 18:40:41