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Chainlink LINK Exhibits Bullish Technical Patterns Signaling Potential Breakout
Chainlink LINK Exhibits Bullish Technical Patterns Signaling Potential Breakout
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Chainlink LINK News -
Chainlink’s LINK token is gaining momentum following weeks of consolidation, with technical indicators pointing to a potential upward surge. The cryptocurrency is currently trading at $15.02, reflecting a modest 0.55% daily increase as bulls challenge the $15.30 resistance level.
A developing inverse head-and-shoulders pattern on the 4-hour chart, combined with a bullish EMA crossover, indicates growing buyer interest. The critical neckline at $15.30 serves as the key threshold—a decisive break above this level could drive LINK toward $17.
On-chain metrics support the technical outlook, strengthening the case for a breakout. market participants are watching closely as LINK attempts to break free from its recent trading range.
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