Chainlink Price Analysis: Is LINK Leading the Altcoin Comeback After a Multi-Month Correction?

TLDR

• Chainlink price gained 5.44% over 24 hours, reaching $12.92 with consistent upward movement and no sharp reversals.
• LINK moved above its 21-day MA for the first time since the summer, ending a multi-month downward correction.
• Trading volume increased 41% to $643.11 million, aligning with the bullish price trend and strong participation.
• LINK respected the October 10 wick as support during its correction, forming higher lows through December.
• Analyst data and LINK’s trend reflect growing altcoin momentum after extended consolidation in late 2025.

Analyst Michael has revealed the current state of the altcoin market. In his latest observation, altcoins are heating up and ready for a new market move in the coming months. During today’s Asian trading session, the Chainlink price opened the market at a value of $12.46, followed by a steady uptick to the latest market levels. The Chainlink price aligns with the shift in altcoin activity after a period of consolidation across November and December.

Chainlink Price Moves Above 21-Day MA Following Extended Correction

The Chainlink price analysis shows a recovery phase after a prolonged downtrend. The price has recently tested and moved above the 21-day moving average for the first time since the summer. This marks a shift following a multi-month decline from September highs near $28 to December lows below $13 last year.

The recent upward movement positions LINK at $12.90, with a 2.38% gain recorded during the latest session. Volume has remained relatively consistent, with spikes aligning with sharp price actions in October and late November. The price is forming a base, with gradually higher lows seen from December into early January.

The RSI index shows a current reading above 50, indicating momentum is building. The October 10 wick region, which saw strong buying interest, has acted as support during the correction. LINK’s current breakout above the moving average suggests improved short-term strength. Market activity indicates that many altcoins, including LINK, are correcting toward the October 10 wick level. LINK has now started moving upward from that point.

LINK Sees Sustained Gains as Price Peaks Above $13

According to CoinMarketCap data at the time of press, Chainlink price traded higher over the last 24 hours, gaining 5.44% and reaching $12.92. The price chart shows a steady and continuous rise throughout the session. LINK climbed from below $12.30 to briefly peak just above $13 before a minor pullback. The green trend persisted for most of the observed period, with no sharp corrections.

Additionally, the volume activity increased alongside the price rise, reflecting strong market participation. LINK maintained higher lows and higher highs during the trend. Market cap grew to $9.14 billion, reflecting a 5.44% increase. Trading volume increased 41% to $643.11 million, indicating heightened buying interest. The 24-hour chart displays consistent bullish momentum, with no major resistance interrupting the upward path.

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