THELOGICALINDIAN - The crypto markets acute uptrend apparent throughout 2024 has appear to a cutting arrest over the accomplished anniversary with best above cryptocurrencies addled lower as Bitcoin struggles to acquisition any notable support
In animosity of this, Chainlink has been able to blade this trend and acquire acute absolute momentum, with its contempo animation at a key akin arch some analysts to alarm it an “absolute juggernaut.”
This acute drive is acceptable to advance Chainlink decidedly higher, with one arresting banker acquainted that it could set beginning best highs by the end of the day as it continues smashing through key attrition levels.
This Crypto’s Intense Uptrend is Showing No Signs of Slowing Down
At the time of writing, Chainlink is trading up almost 7% at its current price of $4.05, with today’s ascend appearance an addendum of the drive that LINK incurred on Tuesday back it began bouncing at lows of $3.35.
The ascend from these lows has absolutely been a bullish assurance for the cryptocurrency, abnormally while because that it has been surging in the face of market-wide bearishness.
Currently, Bitcoin is trading bottomward 2% at its accepted amount of $8,660, which marks a notable abatement from its account highs of $10,000 that were set this accomplished Sunday.
BTC’s abatement has beatific shockwaves throughout the aggregated market, arch best above altcoins to plummet.
LINK’s bullish achievement adjoin this backdrop of bearishness has led some analysts to account it as the archetypal archetype of a “buy the dip opportunity,” as it has been able to advance a abiding multi-month uptrend after assuming any signs of notable weakness.
“LINK The archetype of ‘buy the dip,’” Crypto Michaël, a accepted analyst, said in a contempo tweet.
The archetype of ‘buy the dip’.
— Crypto Michaël (@CryptoMichNL) February 28, 2020
Chainlink is Bound to Set All-Time Highs in Coming Hours, Claims Top Trader
CryptoGainz, a awful arresting cryptocurrency analyst on Twitter, explained in a contempo cheep that he believes a account abutting at beginning best highs is approaching in the advancing few hours due to a abridgement of any cogent resistance.
“LINK – bullish retest of account abutment bought up aggressively. Account abutting at a new all time aerial admission at the end of today. Zero attrition above. Absolute juggernaut. No acumen to anticipate it won’t beat the acreage afresh abutting month,” he explained.
$link – bullish retest of account abutment bought up aggressively.
Monthly abutting at a new all time aerial admission at the end of today. Zero attrition above.
Absolute juggernaut. No acumen to anticipate it won't beat the acreage afresh abutting month. pic.twitter.com/qZbA2XZ4Q0
— CryptoGainz (@CryptoGainz1) February 28, 2020
Because the awful bullish crypto has been able to acquire a full-fledged balderdash trend in the face of bearish bazaar conditions, it suggests that investors are funneling a cogent bulk of money into the crypto, which may beggarly added upside is imminent.
