Chainlink’s LINK Price Sets Sights On $25 Next. NuggetRush Adds a Spin To Growing Meme Coin Space

Bitcoin made a resurgent rally over the past week, surging back above $48,000 as excitement builds towards the upcoming Bitcoin halving event this April. With the crypto market leader making big moves to start 2024 (don’t forget Bitcoin ETF approvals a month ago), altcoins have also seen spurts of momentum.

Oracle network Chainlink is among the best performing large market cap altcoins so far this month. With LINK gaining almost 40% since late January and looking poised to continue appreciating, now is an ideal time to take a deeper dive into its price action.

And in the buzzing meme coin space, a new project called NuggetRush (NUGX) delivers a novel blend of blockchain gaming with resource mining rewards.

Chainlink Price Gains Momentum, Sets Sights on $25

Chainlink (LINK), the leading decentralized oracle network, has seen its token price surge almost 40% since the last week of January. After consolidating between $13-$17 for nearly three months, LINK finally broke out above its sideways channel to reach the $20 level.

According to analysis from altFINS, LINK met its initial target of $20 for an 18% gain after breaking out past the $17 resistance. Now, altFINS is looking for LINK to either 1) break strongly above $20 to continue the uptrend or 2) pull back towards $17 support before making another move upwards. As a top oracle provider enabling real-world data and asset tokenization on blockchains, Chainlink stands to benefit from growing adoption of decentralized finance (DeFi) applications.

With LINK now trading solidly above $20, it appears ready to push higher and continue its upward trajectory. The previous sideways pattern between $13-$17 represented investor indecision, but the breakout signals renewed interest in LINK. Trend traders waited patiently for a directional move, while swing traders had opportunities to trade the range.

Bullish Indicators Suggest Further Upside

At press time, LINK’s relative strength index (RSI) reads between 50-55 across longer timeframes like the daily, weekly, monthly, and 6-month charts. RSI meas

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