Despite the widespread weekly growth on the cryptographic market, the chain (link) remains under significant losses of printable pressure of bear pressure in many time frames. Since reaching the local price of the local price in the amount of USD 29.28 in December, since then Altcoin has lost the treatment of the estate by over 56%. Among this negative performance, the best cryptographic analyst Ali Martinez Postulats Link may soon experience a miniature -term price enhance.
Recovery of links depends on the critical support of the trend line
IN The latest post On X Martinez shares positive technical perspectives about the link indicating that Altcoin may experience growth. This price forecast is based on a key line that has been working as price support from mid -2023, ensuring a consistent creation of higher low and higher levels.
Based on the Martinez trading chart, Chainlink is currently aimed at a re -identified trend line near the withdrawal level of 0.5 fibonacci for 12.00 USD. If the Bulls Link can cause a sufficient enhance in demand at this level, the following price reflection may cause a stubborn reversal. Looking at historical price patterns, such a price rally can lead to the Chainlink price to around $ 19, which is the next resistance zone.
In the presence of solid purchasing pressure, Altcoin may even enhance up to 30 USD, which suggests a potential price enhance by 147% compared to current market prices. On the other hand, the lack of staying above USD 12.00 would cause a decrease in the initial price to around USD 10.00, with only 5.00 USD trade potential.
Connects with the PayPal ecosystem integrated
From other messages, an outstanding American PayPal Holdings payment platform has announced the switching on the chain connection into cryptographic offers. IN statement PayPal, released on April 4, said that users will now be able to buy, stop, send and receive a chain and Solana (SOL) in both PayPal and Venmo wallets.
This development is a significant step in the mainstream of the link, which is crucial for the demand for token in the future. In addition to both tokens, PayPal also offers users access to Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).
During the press, the Link still trades in USD 12.91, reflecting a decrease of 0.62% in the last 24 hours. In larger time frames, the token maintains bears with losses of 5.03% and 21.81% respectively in the last seven and thirty days.
According to Data from CoincodexInvestors’ moods on the link market remain high bears with an index of fear and greed of 26 signaling fear. However, the analysts of this company provide for a reflection of the price similar to Martinez with a forecast of USD 15.32 in five days and USD 17.46 per month.
