Chainlink Cryptocurrency on Verge of Rocketing Back to 2020’s Highs

Chainlink has been leading the headlines thus far this year after scoring a series of partnerships that have helped it solidify the utility of its native token, LINK. The constant announcements of new startups using its technology have played an important role in the price of this altcoin.

The decentralized oracle token rose by nearly 200% between the first three months of 2020 to hit a new all-time high of $5. But as COVID-19 began causing havoc in the global financial markets, LINK took a massive nosedive all the way down to $1.5.

The downturn did not stop retail investors from trying to get a piece of this cryptocurrency. Demand for Chainlink continued rising allowing its price to recover all the losses incurred during March’s Black Thursday.

Chainlink’s Price Action Has Been Extremely Volatile. (Source: TradingView)

Now, a prominent analyst believes that LINK could be preparing to retest the recent all-time highs.

Chainlink Seems Poised for a Bullish Impulse

Michael van de Poppe,…