Chainlink's back: LINK up 44% as traders eye ‘round 2’ rally

A crypto trader says Chainlink may be “the most obvious large cap play for this cycle” that most people will miss.

Chainlink may be setting up for another aggressive rally, according to traders, after recording a 44% gain in the past week. 

“LINK looking like it’s ready for round 2,” crypto trader Johnny, who has over 860,000 followers on X, said in a post on Wednesday, pointing to a bullish setup this week after hitting $24.60.

Santiment said it is the “highest level of bullishness” Chainlink (LINK) has seen since Feb. 1, over six months ago. Chainlink has also been up 54% over the past 30 days, trading at $24.0 at the time of publication, according to CoinMarketCap data. 

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