Chainlink Price Analysis: 23 January

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice
Chainlink’s price has risen substantially through the course of 2021. In the past week alone, the cryptocurrency saw its price hike by close to 8 percent in a 24-hour period, with renewed bullish momentum very evident on the charts. However, in accordance with past precedents, such gains only make LINK’s price more likely to see a minor correction in the near-term.
At press time, Chainlink was trading at $23.5 with a registered market cap of around $9 billion