Chainlink (LINK) Remarkable 180% Increase

Chainlink (LINK)
In the past two months, LINK has seen a remarkable 180% increase, reaching a yearly high of $16.61. Currently, the asset has entered a phase of relative stability, oscillating within a sideways trading range between the support zone of $13.65-$14.32 and resistance levels of $16.00-$16.61.

Given Bitcoin's predominantly neutral or positive trajectory, the likelihood of LINK continuing its upward trend is high. The next targets for buyers are projected at around $17 and $18. In this scenario, a brief trading period within this range can be expected.

If Bitcoin undergoes a deeper correction, LINK might retreat to the buyer's level at $12.84 and retest the broader support range of $11.16-$12.03, which could present an attractive spot buying opportunity. This analysis assumes that BTC will sustain its ascending trend and secure a position above the $30,000 mark.