LINK to $47 Prediction Gains Traction as Chainlink Price Nears Previous ATH at $12.32, New ATH Soon?

• Bitcoin’s bullish sideways movements are taking BTC price towards the $65,000 price range.
• Altcoins are reciprocating BTC’s bullish moves with bullish signals of their own.
• LINK is one such altcoin that is set to make a pump of almost 300% in the coming months.

Bitcoin is ruching towards the $65,000 price level once again and bullish sentiment is slowly taking over the crypto market. This same bullish effect is steadily seeping into the altcoin market as expectations for altseason to begin in Q4 of 2024 fuel evermore stronger. Some altcoins have already begun to print bullish signals on their price charts. 

In detail, Ripple’s XRP, SHIB, DOGE, JASMY, ADA, and many other cryptocurrencies are on the rise. Assets like FET, SUI and VET have already begun to pump in high numbers. Joining this frenzy among the popular and potentially bullish altcoins for this crypto bull cycle is Chainlink (LINK). 

LINK Prepares for Major Price Pump

According to CoinMarketCap analytics, the price of LINK stands at $12.32 which puts the asset up by over 10% in the last 7 days. The altcoin boasts a total market cap of $7,721,067,820 and a 27-hour trading volume of $315,688,896. LINK set an ATH 3 years ago at $12.54, and analysts hope the altcoin will blast through this amount soon. 

LINK Sets Eyes for New ATH Soon

According to this analyst above, LINK price is on a trajectory towards setting a new ATH of $47.154 which could be the new cycle top for Chainlink. As we can see from the post above LINK volume and prices seem to be nearing the key breakout level and a major continuation is brewing for LINK to set the new ATH of over 270% pump. 

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Adding on, the analyst mentioned in a previous post that LINK has confirmed these bull indications before with its RSI and supports the analyst’s top LINK target for this bull cycle to hit $47.154. The response to this expectation is highly positive and many crypto analysts agree that LINK is heading towards a bullish future.