While Chainlink staking v0.1 will go live on the mainnet on December 6, the LINK price has shown a strong performance over the past week. At press time, LINK was trading at $7.58, and thus up 13.5% over the last week. Still, Chainlink has been going sideways for seven months. However, thanks to dovish comments from U.S. Federal Reserve Chairman Jerome Powell during a speech yesterday, the horizon for relief rallies within the crypto market are widening again. Looking at the daily chart, Chainlink is still in the middle of its 7-month range, yet the introduction of staking could generate much more interest for the project. Related Reading: US Institutional Investors Flocking Back To Bitcoin – Is The Bottom In? LINK has not made new lows within the 1-day time frame recently, which suggests bull strength from a technical perspective. Chainlink (LINK) price has risen 35% since its recent low. Nevertheless, the upper end of the 7-month range remains the next crucial target in the daily chart. If LINK is able to break out, the next target could be th ..
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