Coinspeaker
Top Analyst Signals Chainlink (LINK) Rebound Ahead of Anticipated Altseason

The altcoin market has established a solid support level above $1 trillion in the past five weeks. Amid the heightened demand for Bitcoin (BTC) by institutional investors, due to the Hong Kong and US-based spot BTC ETFs, the altcoin market is well primed for a huge uproar. Furthermore, the altcoin market capitalization is less than $700 billion from reaching a new all-time high in the coming quarters.

As Coinspeaker reported, crypto investors have been aggressively accumulating in the past few weeks ahead of the anticipated altseason. Moreover, crypto venture capital firms raised more than $2 billion in the past two months, amid the Bitcoin fourth halving event.

Chainlink (LINK) Price Eyes ATH

In the daily time frame against the US dollar, Chainlink (LINK) price has established a robust support level of around $13. The mid-cap altcoin, with a fully diluted valuation of about $15 billion, has gained nearly 9 percent in the past six days to trade around $14....