Chainlink Price Analysis: Will LINK Recovery Surpass $16 By May End?

Chainlink Price Analysis: For the past month, Chainlink (LINK) has been trading within a range defined by two converging trendlines, showing no clear dominance from either buyers or sellers despite significant price fluctuations on the daily chart. As Bitcoin continues to hover around the $60,000 support level, the broader altcoin market appears poised to maintain a sideways trend. Given this context, it is likely that LINK’s price will remain constrained by sluggish movement throughout the week.