Chainlink LINK Shows Bullish Reversal as Price Targets $23
Chainlink's LINK token is displaying renewed bullish momentum, rising 3.16% to $18.53 with trading volume reaching $911 million. The cryptocurrency has successfully retested its $17 support level, indicating potential for further upward movement.
Technical indicators point to growing strength: LINK's price is hovering near the upper Bollinger Band while the RSI sits at 67, down from an overbought 72.95 reading. With a market capitalization of $12.51 billion, chainlink maintains its position as the 14th largest cryptocurrency.
A breakout above the $19 resistance level could drive LINK toward near-term targets of $21-$23. The key resistance zone between $19-$21 presents the immediate challenge for bulls looking to confirm this reversal pattern.
