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BTCC / BTCC Square / Global Cryptocurrency /
Chainlink (LINK) Technical Setup Signals Potential Breakout to New Highs

Chainlink (LINK) Technical Setup Signals Potential Breakout to New Highs

Author:
Global Cryptocurrency
Published:
2025-06-12 21:26:15
7
3
Chainlink LINK News -

Chainlink''s price action shows strong technical signals as it tests a key descending trendline resistance at $15.24. The asset has formed a bullish pennant pattern following weeks of consolidation, with solid support between $10-$11.

Market cap remains stable at $9.6 billion despite repeated rejections at resistance levels. Analysts observe weakening bearish momentum and improving sentiment metrics, indicating potential accumulation before an upward move.

The daily chart structure resembles classic breakout patterns from previous cycles. While LINK hasn''t yet cleared major resistance zones, the tightening price action suggests building pressure for a decisive breakout.

|Square

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