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Chainlink (LINK) Gains 5% as Technicals Signal Breakout Potential

Chainlink (LINK) Gains 5% as Technicals Signal Breakout Potential

Author:

Global Cryptocurrency

Published:

2026-02-07 14:37:08

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Chainlink LINK News -

Chainlink (LINK) surged 5.02% to $8.62 amid rising trading volume, with $1.02 billion exchanged in the last 24 hours. The cryptocurrency now holds a $6.18 billion market cap as buyers test key resistance levels. Analysts note a critical support bounce at $7.30, with a breakout above $9.20 potentially fueling a rally toward $12.

CRYPTOWZRD highlights a dragonfly doji formation on the LINK/BTC pair, suggesting accumulation is underway. Short-term traders are eyeing $8.25 as a potential dip-buying zone if tested. Market momentum appears to be the strongest since February's rebound, though volatility remains elevated.

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