Bitcoin price is back above $100K! After juggling below the levels for a couple of days, the token raised, squashing the bearish possibility This shook up the entire market, while positive rounds around the popular tokens like ETH, LINK, & AAVE attracted double-digit gains. As per the reports, the company owned by the new president-elect Donald Trump, World Liberty Financial, swapped over $5 million USDC for Ethereum, Chainlink, & Aave. With this, the ETH holdings reached $55 million, and LINK & AAVE reached above $1 million each.
Soon after this, the prices of LINK & AAVE triggered a massive upswing, attracting over 15% gains; meanwhile, the ETH price continues with its consolidated gains. The LINK price has attained levels not seen since January 2022, suggesting a strong influx of bullish volume onto the token. Donald Trump’s win had triggered the markets and the round of LINK accumulation is expected to elevate the LINK price rally towards new highs.
The LINK price rally has surpassed the crucial resistance zone between $27.32 and $28.26 with huge backing from the bulls. While the weekly RSI surged above the upper threshold, the MACD shows the rise in the buying volume. Moreover, the token underwent a bullish ‘Golden Cross’ that may offer more momentum. The next level to watch is around $34.39, which may clear the path to $40 if the zone between $37 & $37.5 is cleared.
The current trade set-up suggests the Chainlink price has just entered a bullish range and a bullish yearly close above $40 could trigger a massive bullish wave towards a 3-digit figure. On the other hand, AAVE, in which Trump’s company holds over $1 million, also demonstrated a similar rise, suggesting a huge confidence of traders over the token.
The AAVE price is about to reach the neckline of the parabolic recovery curve that could further push the price towards the final resistance zone between $516 and $566. With this, the weekly RSI has surpassed the upward threshold for the first time since inception. Moreover, the token may experience the very first weekly Golden Cross that could push the price beyond the current ATH at $668. Once these levels are reached, then the AAVE price is expected to surge and reach the milestone at $1000 during the upcoming Altseason.
