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Chainlink (LINK) Poised for Breakout as Bullish Channel Signals Strong Upside Potential
Chainlink (LINK) Poised for Breakout as Bullish Channel Signals Strong Upside Potential
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Chainlink LINK News -
Chainlink’s LINK token rose 1.5% to $16.67, marking a 25% weekly gain amid robust bullish momentum. The cryptocurrency has maintained an ascending channel since April, consistently forming higher highs and higher lows—a classic indicator of sustained demand.
A decisive breakout above the $17.80 resistance could propel LINK toward $20, with potential extensions to $22.50 and $24. The $15.80 support level remains critical for sustaining the uptrend, offering strategic entry points during channel retests.
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