ChainLink is gaining momentum after becoming part of a slow cryptocurrency month in February. Altcoin is recovering in prices, with the link rising 6% on Tuesday trading above $13.50. The assets have been surged earlier after US President Donald Trump announced plans for the country’s first crypto-protected territories. Although the link has not been named, the president noted that “other valuable cryptocurrencies” are included to purchase to supplement the reserve.
The long/short ratio of the link on Tuesday shows buyers’ dominance and shows bullish sentiment in the market. The Bulls are increasing prices by purchasing large quantities of supply. Their sentiment suggests that despite the short pullbacks last weekend, the Bulls are confident that there is unlikely to be any deeper decline. This can also be observed with ChainLink Link’s trading volume. This is an increase of 28% over the past 24 hours to 878.52m.
Long buyers beating short sellers for chain links
Additionally, according to Coinglass, the ChainLink Long/Short ratio, which measures the sentiment of investors in the market, has risen to $1.38. As the name suggests, the ratio compares the number of short sellers (bears) with long buyers (bulls). A ratio below 1 indicates that short positions dominate and that most traders expect prices to fall. Meanwhile, the above readings indicate long domination. So there is a strong optimism that Link will look to collect $14 in the future, and it will likely be higher once March is over.
With spring set to be spring in the US, the Altcoin season may finally be on top of us. From now until May, experts are predicting that the crypto market will begin to launch a steady slope led by Altcoins such as XRP, ChainLink and more. This momentum could be driven by an increasing belief that these coins will be featured in potential crypto-protected areas held by the US government. The Crypto Trader NICU shares it on X (formerly Twitter), and insiders believe that ChainLink’s reserve proof is integrated into the strategic reserve. This increases the transparency and security of the US reserve. ChainLink Blockchain Verification Technology is the leader in this technology sector. Potential integration into national reserves is a major milestone, with native link cryptocurrencies rising.
Cryptocurrency Princed Predictor Cincodex predicts chain links to exceed $14 by the end of March, with a high of $14.10. The site invests $1,000.00 in ChainLink today and holds it until May 10, 2025, and shows a potential profit of $424.95, suggesting it reflects a ROI of 42.49% over the next 59 days (prices are not included in this estimate).
