Chainlink News: Ethereum-based blockchain network Chainlink’s LINK to token failed to surpass the $9.40 level during the last eight months. This is despite a significant relief rally in Bitcoin (BTC), and many other altcoins, since January 2023. As the speculation about altcoin season heats, another crypto market rally could lead to a breakout of LINK price. It is also believed that the cryptocurrency will need to make a slight correction before it can move upwards.
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Despite other coins seeing a significant rise in value, Chainlink (LINK), is yet to see a rally. Experts predict that the current trend towards sideways movement will continue until the current range is maintained. The LINK price will be affected if the $9.40 level is breached. Popular crypto trader Michael van de Poppe said that a Chainlink retest at $7.80 could trigger a breakout beyond the current resistance level. If there is a retest at $7.80, LINK could be slightly breaking out, he said.
“I would be happy if you could long, resistance between $8.50-9.00, before moving towards $15-20.”

If the project goes according to plan, it could have significant upside in terms of development. Sergey Nazarov, founder of Chainlink, revealed plans to add AI-based use cases to the blockchain.
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Also read: Keep these two altcoins on radar for the coming months, where’s bitcoin (BTC)?

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