Chainlink LINK Gains Momentum as SEC Task Force Inclusion Fuels $28 Breakout Speculation
Chainlink's LINK token has surged from $14 to $19 this month, showcasing strong bullish momentum despite a recent 3.35% daily dip to $17.84. The breakout above the key $17.46 resistance level—untested since April—indicates potential for further gains if support levels hold firm.
Analyst Ali Martinez highlights the consolidation between $10.60-$17.46 as establishing a clear range prior to the breakout. Chainlink's participation in the SEC's crypto task force adds institutional credibility to its technical strength.
With weekly gains of 13.47% and increasing investor confidence, LINK's price trajectory now depends on maintaining critical support levels. Market observers are speculating whether the oracle network token can achieve the $28 threshold in the NEAR term.
