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Chainlink (LINK) Bulls Charge as Price Rebounds From Critical $11 Support
Chainlink (LINK) Bulls Charge as Price Rebounds From Critical $11 Support
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Chainlink LINK News -
Chainlink's LINK token is flashing bullish signals after a strong rebound from the crucial $11 support level. Technical analysts at MakroVision note the bounce occurred at a key confluence zone, where historical trendlines and horizontal support created a solid foundation.
The subsequent push above $12.70 has formed a V-bottom reversal pattern, a classic bullish formation. Traders are now watching the $12.60–$12.90 support cluster as the next critical zone. Maintaining this level could open the door for further upside potential.
All eyes are on LINK as it tests the lower boundary of a major downtrend channel. A decisive breakout above this technical barrier WOULD signal a potential trend reversal, creating an attractive setup for traders.
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