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Chainlink (LINK) Eyes $16 Breakout After 13% Rally as Bullish Momentum Builds
Chainlink (LINK) Eyes $16 Breakout After 13% Rally as Bullish Momentum Builds
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Chainlink LINK News -
Chainlink (LINK) surged 13% this week amid rising trading volume and volatility, reigniting bullish sentiment. The token's rebound above $13 follows its partnership announcement with Mastercard, with technical indicators suggesting a potential push toward $14-$16 in the coming days.
Analysts note LINK has broken a prolonged downtrend, entering what appears to be an accumulation phase. "These zones often precede explosive moves," remarked Henry Lord of Alts, projecting a possible $25-$30 breakout if momentum sustains. The 50-day SMA at $13.50 now serves as critical support.
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