Chainlink Primed for $23 Breakout as Bulls Regain Control?

Chainlink's price action hints at a potential bullish reversal—could $23 be the next stop?

After weeks of sideways movement, LINK's chart flashes green as buyers step back in. The oracle token's recent resilience against market headwinds suggests accumulating strength.

Technical indicators align for upside

RSI bouncing from neutral territory, spot volumes creeping up, and a clean hold of key support levels paint an optimistic picture. Traders are watching for a decisive close above $20 to confirm momentum.

Market makers smell opportunity

With institutional crypto products seeing record inflows (surprise—mostly from the same hedge funds that called it a scam in 2022), Chainlink's real-world utility makes it a favorite for 'serious' investors suddenly pretending they understood DeFi all along.

Will LINK deliver? The chart says maybe. The hype says definitely. Place your bets.

Chainlink (LINK) Price Prediction

Chainlink price is listed at $18.53, a jump of 3.16% in 24 hours with a trading volume of $911, indicating fresh investor interest. The LINK crypto had hit a peak of $18.65 today. The chart shows that chainlink is testing its key resistance zone in its range between $19 and $21 that is highlighted by the purple color.

Moreover, with a market capitalization of $12.51 billion and a market share of 0.3214%, this altcoin has secured the 14th position in the crypto community in terms of market valuation.

Moreover, the price is seen staying close to the upper Bollinger Band and with the RSI indicator standing at about 67 indicates that bulls are gaining momentum. The Relative Strength Index (RSI) has eased slightly after breaching the overbought range of 70 and topping at 72.95.

A bullish bounceback may result in it retesting its resistance of $19. A breakout above that point may result in it pushing its value toward its upper price targets of $21 or even $23 within a short period of time.

Unless LINK manages to exit above $19 smoothly, it could experience a pullback to the level of $17 support within a short period or further-down until the level of the base at $15 that equates to the midline of the Bollinger Bands and the 20-day SMA.

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