"LINK's performance is amazing, the price is slowly going higher.'
The move by Chainlink (LINK) was very encouraging when its price surged to break through $13 which made the cryptocurrency now one of the best performing altcoins.
As an oracle platform that has many use cases for blockchain and smart contracts, LINK has attracted the interest of many retail investors including institutions plus there is tokenization of real world assets (RWA) that connects artificial intelligence (AI) and blockchain.
Not only that, many traders targeting scalping opportunities are also interested in LINK as its price has seen an impressive rise in the last few weeks.
If seen, the price of LINK managed to break through its strong zone at $10 followed by $12, therefore traders are very confident that the digital asset will continue to rise towards $20 or even higher.
Some traders may choose to lock in profits at $18 or not following that level as its resistance zone in April 2023, so here it can be seen that LINK could quickly cross $20 if the price is able to break through that level.
Pleased to be informed that Rollup Finance, a decentralized derivatives trading exchange, has joined Chainlink BUILD where they can use oracle LINK services and enjoy live technical support that will improve DEX security and user experience.
In return, Rollup Finance will make 3.75% of its original total token supply available to LINK service providers including stakers.
Through observation on the price chart, LINK needs to pass the next strong resistance zone at $16.74 to reach $18.89 but if it fails then the digital asset can fall to the level of $12.37 followed by $11.43.
As of this writing, the price of LINK has jumped by 3.69% to $13.48 in the last 24 hours with a market capitalization of $7 billion and has recorded an increase of over 21.39% over the last week.
