Chainlink LINK, the oracle network that helps bridging blockchain networks with external data, experienced significant price volatility in recent trading, recovering from a sharp 14.4% correction after finding strong support at $13.58.
The recovery gained momentum through consecutive higher lows, potentially pointing to accumulation at lower levels. However, bitcoin's BTC performance will likely dictate the next major move for altcoins such as LINK.
LINK rose 1.4% over the past 24 hours in line with the price action of the broader digital asset market.
The crypto market benchmark CoinDesk 20 Index was up 1.1%.
Technical Indicators Point to Continued Strength:
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