Popular altcoin Chainlink (LINK) is one of the few digital currencies still showing some strength on Tuesday, bucking the trend in market leader Bitcoin and most of the overall market as well. At the time of writing, LINK/USD is trading at around $22.53.

Lately, the altcoin space is seeing stronger bullish action whenever the market sentiment towards Bitcoin improves. This has immensely benefited the LINK token, which has registered over 21% gains over the past week alone.

The NFT action has also helped increase adoption of this ecosystem, with GamyFi Platform – a blockchain gaming and fantasy sports platform recently integrating with Chainlink’s VRF (Verifiable Random Function) on its website. The oracle network offers a high level of innovation and security to smart contracts, much needed to select winners at random and ensure system integrity.

Leading crypto analyst Josh Rager suggests that Chainlink could be getting ready for an upcoming rally towards $26.50 soon. He recently shared an update asking followers to keep an eye out for a pullback in LINK’s price, which will strengthen buying interest and send it soaring in the near-term.

Looking ahead, Chainlink’s interoperability features are likely to witness strong demand among projects looking to increase their user base past one single blockchain network. As new blockchain networks get launched, interoperability solutions that allow enterprises and projects to make the most of all available options will be the need of the hour, and could drive up adoption of Chainlink’s ecosystem.

Key Levels to Watch

As we can see on the H4 chart of LINK/USD, most of the moving averages are exhibiting a bullish bias. Although, leading technical indicators MACD and momentum are signaling some bearish pressure as well.

For now, Chainlink’s price stays comfortably above the pivot point at $20.89 and has some way to go before buyers can test resistance at $25.10. A break above this opens the door towards the $26.50 level and beyond, with buyers likely to encounter more resistance at $28.13 ans then at $35.37 as they head on up.