FX.co ★ Cryptoanalytics from InstaForex

Analytical view on LINK/USD: breakthrough and prospects I cannot overlook a significant moment for LINK/USD - the pair has broken out of a long-term range of fluctuations from $5 to $9, where it has been for over 500 days. If we believe in the long-term investment perspective, there is no need to continuously monitor the market. Fundamental analysis of LINK Looking into the future, LINK has laid a solid foundation, and it is unlikely that we will see prices below $5 again. With the upcoming Bitcoin halving in April 2024, LINK/USD has the potential for a prolonged bullish market. Compared to other altcoins, LINK has an advantage due to its strong support and current market capitalization, which opens up significant prospects for it. Uncertainty and volatility However, there is still fear of a recession in the US economy and in the markets, which is reinforced by a prolonged bear market and general distrust in the cryptocurrency sphere. Despite the current short-term rally, it should be remembered that if BTC falls, LINK may also move downwards towards our reliable support range. Special attention should be paid to the Chainlink team - one of the most reliable in the cryptocurrency industry. Their product has always attracted the attention of investors beyond the crypto space. It is necessary to remain calm, despite possible market turbulence.