Chainlink (LINK) is one of the best performing cryptocurrencies in the past two years, when the coin has just created a new peak after the chain of price increases for months.
The current uptrend has not shown any sign of cooling down. Many analysts believe that LINK can continue to fly high and set many new records in the near future.
Chainlink is one of the first altcoins to set the highest peak in history in this uptrend.
Chainlink creates a new "historical peak" to trigger the "altcoin season".
At the time of writing, Chainlink was up 14% and priced at 4.39 USD, up sharply from the intraday bottom of $ 3.82.
The uptrend is even more pronounced if we analyze the time frame from the beginning of the year until now. The coin has been priced at $ 1.73 since the beginning of the year and has now formed a new record high.
Although LINK increased steadily in January, the upward trend only intensified earlier this month, when the price reached $ 2.7, then set the stage for the coin to set the highest peak in history.
Uptrend trends also appear in some other altcoins like Ethereum, Tezos, the names have performed very well in the last 2 weeks.
The future is still very bright with LINK
Chainlink has now broken the bearish wedge pattern, which could be a signal for a new breakout. Bagsy, a trader and cryptocurrency analyst, said that once we overcome this price wedge, we will be able to see LINK "erect the column" again.
This crazy trend of Chainlink, besides the positive sentiment of the whole market, shows that the gaining momentum is still going on in the near future.
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According to Coin68 / ConiTelegraph