Chainlink Price: LINK Poised for Massive Bull Run According to On-Chain Metrics and Analysts
Chainlink (LINK) appears primed for a new major bull run based on surging on-chain activity and bullish analyst predictions. Over the last week, LINK prices have already surged over $11, but analysts say this could just be the beginning if key resistance levels are broken. Keypoints Chainlink (LINK) price has seen huge gains recently, surging this past week to over $11. Analysts point to accumulated buying by large investors when LINK was around $7 as fuel for the rally. Strong on-chain metrics show surging activity in Chainlink – active addresses, new addresses, transactions have all increased 100%+ in the past week. Crypto analyst Johnny predicts a massive bull rally if LINK breaks $9.5 resistance, as it attempts to break out of a 500+ day trading range, similar to its 2022 bull run. At the time of writing, LINK was trading above $10, already moving into the bullish zone predicted by the analyst. Additional upside catalysts are the upcoming launch of Chainlink Staking v0.2...