Chainlink Price Shines With 40% Rally — Is $28.5 Possible?

Over the past week, the cryptocurrency market was not particularly on that impressive streak many investors may have now become accustomed to. However, the large-cap altcoins seem to have woken from their slumber to close the week, with the Chainlink price showing good signs of recovery after falling into a consolidation range.

The price of LINK came flying out the gates to start the week, surpassing the $20 mark again for the first time since March. With the altcoin seemingly back on track, the question on the minds of investors would be — what next for the Chainlink price?

Can LINK Price Return To Its 3-Year High Of $28.5?

In a new post on the X platform, crypto intelligence firm Santiment discussed the promise of the Chainlink price and its newly-found momentum. The prominent on-chain platform highlighted that the altcoin is just a few good performances from recovering a significant price level.

According to Santiment, the price of Chainlink is about 10% from reaching $28.5, a level the cryptocurrency lost as far back as January 2022. The market analytics firm believes that most on-chain signals are pointing to a higher likelihood of reclaiming this price level in the near future.