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Chainlink (LINK) Eyes $22 Breakout—Can It Rally to $28 Before a Pullback?
Chainlink (LINK) Eyes $22 Breakout—Can It Rally to $28 Before a Pullback?
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Chainlink LINK News -
Chainlink's price rebound has sparked bullish momentum, surging 50% this month after breaking out of a falling wedge pattern. The token's recovery from the $12.70 support level and subsequent breakout past $17.50 signals a potential shift in market sentiment.
Trading volume has spiked alongside rising active addresses, reflecting growing investor interest. Exchange balances have dropped to record lows, indicating accumulation—a bullish sign for continued upside.
Technical indicators suggest the rally could extend, with $22 as the next target. The key question is whether LINK can reach $28 before facing significant resistance or a market correction.
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