The price of Chainlink (LINK) has been on a rapid rise since November, increasing by 80% and reaching its highest level since January 2022. After a strong upward trend for three weeks, the cryptocurrency experienced a minor market correction. However, analysts are still positive about its potential and some are anticipating it to surpass the $50 mark. The question remains whether LINK bulls will support this target or if profit-taking investors will cause the altcoin to decline.



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