Overview

Click to expand overview
If LINK is able to close the day above $7.45, it opens the possibility of a bullish reversal. If the token is able to close above $7.4, it could test $7.70, which could prove Chainlink has recently broken out of its descending channel, indicating that the asset could see a trend reversal. The token was on a downward trajectory since July 20 Chainlink (LINK) trades around $12.90 as market activity hovers within a narrow price range. Despite the consolidation, bullish pressure is building, with analysts Chainlink (LINK) surged 9% as bullish momentum intensified, with data hinting at a potential breakout. LINK saw a 9% price spike and a 30% rise in trading volume on Chainlink (LINK) is sparking renewed interest among investors as it retests a crucial support level, hinting at a potential bullish reversal. This support area, previously a Chainlink traders and investors anticipate a major rally as LINK shows bullish patterns on its price chart. LINK Eyes 20% Breakout. Data from MarketCap shows

Chainlink (LINK) Eyes Major Bullish Breakout: Will it Test $8.43 Again?

Chainlink (LINK) is sparking renewed interest among investors as it retests a crucial support level, hinting at a potential bullish reversal. Chainlink traders and investors anticipate a major rally as LINK shows bullish patterns on its price chart. LINK Eyes 20% Breakout. Data from MarketCap shows bullish pressure is building, with analysts predicting further gains.

The token was on a downward trajectory since July 20, but recent price action suggests a potential shift in momentum. LINK saw a 9% price spike and a 30% rise in trading volume on signals suggesting increasing buying pressure.

Critical Price Levels to Watch:

If LINK is able to close the day above $7.45, it opens the possibility of a bullish reversal. If the token is able to close above $7.4, it could test $7.70, which could prove Chainlink has recently broken out of its descending channel, indicating that the asset could see a trend reversal. This support area, previously a point of resistance, is now crucial for maintaining upward momentum.

Chainlink (LINK) surged 9% as bullish momentum intensified. Can it sustain this rally and reach the coveted $8.43 target?

Chainlink (LINK) trades around $12.90 as market activity hovers within a narrow price range. While $12.90 feels distant, the current bullish signals suggest a possible path back to these levels if the breakout is successful.

Top Sources

Related Articles