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Chainlink (LINK) Targets $45 as Bullish Technical Patterns Emerge
Chainlink (LINK) Targets $45 as Bullish Technical Patterns Emerge
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Chainlink LINK News -
Chainlink’s LINK token has surged 7% since early April 2024, outperforming its slow start to the year. The oracle network’s native cryptocurrency is now displaying classic bullish formations across multiple timeframes, with analysts eyeing a $45 price target—a key level that could pave the way to challenge its 2021 all-time high of $52.88.
Technical analysis reveals a developing cup-and-handle pattern, historically a reliable indicator of continuation rallies. Traders are closely monitoring the $40-$45 resistance zone, which could trigger accelerated momentum toward record highs. LINK’s resurgence aligns with broader strength in crypto markets this quarter.
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