The crypto market\u2019s intense uptrend seen throughout 2020 has come to a grinding halt over the past week, with most major cryptocurrencies reeling lower as Bitcoin struggles to find any notable support.<\/p>\n
In spite of this, Chainlink has been able to buck this trend and incur intense independent momentum, with its recent bounce at a key level leading some analysts to call it an \u201cabsolute juggernaut.\u201d<\/p>\n
This intense momentum is likely to lead Chainlink significantly higher, with one prominent trader noting that it could set fresh all-time highs by the end of the day as it continues smashing through key resistance levels.<\/p>\n
At the time of writing, Chainlink<\/a> is trading up roughly 7% at its current price<\/a> of $4.05, with today\u2019s climb marking an extension of the momentum that LINK incurred on Tuesday when it began bouncing at lows of $3.35.<\/p>\n The climb from these lows has certainly been a bullish sign for the cryptocurrency, especially while considering that it has been surging in the face of market-wide bearishness.<\/p>\n Currently, Bitcoin is trading down 2% at its current price of $8,660, which marks a notable decline from its weekly highs of $10,000 that were set this past Sunday.<\/p>\n BTC\u2019s decline has sent shockwaves throughout the aggregated market, leading most major altcoins to plummet.<\/p>\n LINK\u2019s bullish performance against this backdrop of bearishness<\/a> has led some analysts to deem it as the archetypal example of a \u201cbuy the dip opportunity,\u201d as it has been able to maintain a steady multi-month uptrend without showing any signs of notable weakness.<\/p>\n \u201cLINK The example of \u2018buy the dip,\u2019\u201d Crypto Micha\u00ebl, a popular analyst, said in a recent tweet.<\/p><\/blockquote>\n $LINK<\/a>. <\/p>\n The example of \u2018buy the dip\u2019.<\/p>\n — Micha\u00ebl van de Poppe (@CryptoMichNL) February 28, 2020<\/a><\/p><\/blockquote>\n\n