Can LINK Hit $19 Before The Summer Kicks Off?

There is no denying that the cryptocurrency market has been increasingly volatile throughout the first few months of the year. Yet, with Bitcoin turning things around in a big way, there is hope for emering. That being said, can Chainlink (LINK) reach a $19 price point before Memorial Day kicks off the official start to summer?

The week has seen Bitcoin reach a new all-time high of $111,000 in a record-setting surge. That could be an indication of what investors are likely to see take place in the coming weeks. Moreover, Chainlink may be set to be an asset that gets a major boost from the shift.

Also Read: Chainlink Doubles Investor’s Money: Should You Invest in LINK Now?

Chainlink to $19? Here’s What to Expect From LINK to May End

Chainlink has been at the center of some incredible developments in the digital asset sector this year. Indeed, it was a key part of JPMorgan’s groundbreaking inaugural public tokenized transaction. Both the network and Ondo Finance helped to make the move happen and bring the sector even more into the spotlight.

There are high hopes for what that and a shifting market sentiment could mean for the asset in Q2 of this year. Indeed, Chainlink may be eset to eye a surge to $19 before Memorial Day kicks off the official start to summer.

Also Read: Chainlink Rallies 17% in Two Weeks: Can LINK Hit $17 Next?

Chainlink has reclaimed the $16 mark this week, continuing its 9% jump over the last 30 days, according to CoinMarketCap. Now, it is set to confront a key resistance line at $19 amid increased demand. If the market can help push it up, it could make the run over the next week.

Moreover, some experts believe that it is a precursor to an even bigger move. According to a recent Binance report, a trip to that level could see LINK eye the “golden pocket at $23.” There is a clear support at $15, but the path above that mark has already assured itself. For now, all eyes will be on the techinclas of its exchange data and how the market responds to Bitcoin and greate macreconomic data.