Chainlink (LINK) has seen a price increase of 20.41% in the past week, aligning with the general trend in the crypto market. Analysts from More Crypto Online have analyzed the market using the Elliott Wave Theory and determined that Chainlink must stay above $23.85 to sustain its bullish trend. Falling below this level could shift market dynamics and potentially halt the bullish charge. However, if a correction does occur, it is expected to range between $19.26 and $22.39, which could then become a retracement zone for further gains. In other news, crypto analyst AMCrypto is highly bullish on LINK, predicting a major price breakout in February with a potential gain of 125.37% to reach $54. Currently, LINK is trading at $23.95, with a trading volume of $957.45 million and a market cap of $23.94 billion, making it the 12th largest cryptocurrency.



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