{"id":539773,"date":"2023-06-26T21:00:58","date_gmt":"2023-06-26T21:00:58","guid":{"rendered":"https:\/\/wncen.com\/?p=539773"},"modified":"2023-06-26T15:00:08","modified_gmt":"2023-06-26T15:00:08","slug":"chainlink-bulls-must-defend-support-zone-to-prepare-for-another-rally","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/chainlink\/chainlink-bulls-must-defend-support-zone-to-prepare-for-another-rally\/","title":{"rendered":"Chainlink Bulls Must Defend Support Zone To Prepare For Another Rally"},"content":{"rendered":"
Chainlink (LINK) has experienced a surge in bullish sentiment as it rebounded from the $5 support level. In the past week, LINK has surpassed several support levels, resulting in a gain of over\u00a0 20%.<\/p>\n
Although there haven’t been significant changes on the daily chart, the technical outlook for the altcoin has turned notably bullish. Both demand and accumulation have shown significant improvement, while the overall strength of the broader market has also contributed to LINK’s upward movement.<\/p>\n
The positive momentum in major altcoins, driven by Bitcoin surpassing the $30,000 mark, has further added to the optimism. Sustaining this price momentum will largely depend on BTC’s continued upward push.<\/p>\n