Chainlink’s trade volume, at the time of writing, was up 110% in just 24 hours. What’s more, valued at $34.25, LINK was up by nearly 8% in the aforementioned time period too. The last time the altcoin surged to a new ATH ($36.95) was back on the 20th of February, with the crypto’s press time price less than 5% away from the same on the charts.
How did this come to be?
Well, when Bitcoin’s price started rallying, LINK was trading around the $14-level. Following the same, it hit a high of $36.95 on 20 February 2021. Since then, the price has been rangebound between $25 to $32.54. The price/volume divergence (increasing price and trading volume) soon emerged to be a growing concern for retail traders.
Source