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Chainlink LINK Eyes $30 Breakout as Key Resistance Nears
Chainlink LINK Eyes $30 Breakout as Key Resistance Nears
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Chainlink LINK News -
Chainlink’s LINK token surged past $16 on May 23 and is now approaching a critical resistance level at $19.50. Analysts credit the bullish momentum to growing real-world asset (RWA) adoption and strengthening technical indicators.
The cryptocurrency is testing a descending trendline that has capped prices since late 2023. A decisive close above $17.20 could confirm a trend reversal, with the price forming higher lows since April - a classic accumulation pattern.
Noted analyst CRYPTOWZRD observes a lower-high structure forming, while World of Charts highlights potential for extended gains if buying pressure continues. Traders are watching for a breakout that could push LINK toward $30 in the coming weeks.
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