Bitcoin and Ethereum faced strong liquidation events just 12 hours ago. Even still, Chainlink (LINK) has continued to push higher, basically disregarding what was seen as the worst cryptocurrency crash since “Black Thursday.”
As can be seen in the Trading View chart below, the popular altcoin has gained just less than 10% in the past 24 hours. That performance makes Chainlink one of the best-performing cryptocurrencies of the past day.
Chart of LINK's price action over the past few days from TradingView.com. 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.
Analysts say that the asset is poised to move even higher despite relative weakness in the market leader, Bitcoin. Here’s more on why.
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…