Chainlink’s objectives (Link) recover at $ 19, but only if this key support is maintained

Despite a generalized weekly gain in the cryptographic market, Chainlink (Link) remains under significant loss of bold pressure printing in multiple schedules. Since it reached a local price of $ 29.28 in December, Altcoin has gotten into a bearish trend that loses more than 56% since then. In the midst of this negative performance, the best cryptographic analyst Ali Martínez postulates the link could soon experience a short -term price gain.

Link recovery depends on the critical support of the trend line

In Recent publication In X, Martínez shares a positive technical perspective on the link that suggests that Altcoin is likely to experience an increase. This price prognosis is based on a crucial upward line of trend that has acted as a price support since mid -2023, which guarantees consistent training of higher and higher minimums.

Based on Martínez’s negotiating table, Chainlink is currently addressed to a new test with the trend line identified near the 0.5 fibonacci recoil at $ 12.00. If link bulls can induce a sufficient increase in demand at this level, the next price rebound could turn on a bullish reversal. When observing the historical price patterns, a price rally of this type could generate the price of Chainlink to around $ 19, which represents the next resistance zone.

In the presence of a robust purchasing pressure, Altcoin could even increase up to $ 30, which suggests a possible 147% price increase in current market prices. On the other hand, a lack of maintenance above $ 12.00 would cause a decrease in the initial price to around $ 10.00, with the potential to operate as low as $ 5.00.

Chainlink integrated into the PayPal ecosystem

In other news, the outstanding American payment platform Paypal Holdings has announced the inclusion of Chainlink in its cryptography offers. In statement Run on April 4, PayPal declared that users can now buy, retain, send and receive Chainlink and Solana (Sun) in their paypal and Venmo wallets.

This development marks a significant step in the main integration of Link, which is crucial to boost tokens demand in the future. In addition to both tokens, PayPal also offers users access to Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).

At the time of publication, Link continues to operate at $ 12.91 that reflects a 0.62% decrease in the last 24 hours. In larger time frames, the Token maintains a bearish form with losses of 5.03% and 21.81% in the last seven and thirty days, respectively.

According MINCEX DATAThe feelings of investors in the link market remain highly bassist with a fear and greed index of 26 signals of almost extreme fear. However, analysts of this firm foresee a price bounce similar to Martínez’s with a prognosis of $ 15.32 in five days and $ 17.46 in a month.