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Chainlink (LINK) Holds Below $18 Resistance as Traders Eye Potential $25 Breakout
Chainlink (LINK) Holds Below $18 Resistance as Traders Eye Potential $25 Breakout
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Chainlink LINK News -
Chainlink (LINK) is encountering strong resistance NEAR the $18 level, with its inability to secure a decisive breakout tempering short-term bullish momentum. The token is currently trading at $16.64, reflecting a 7.74% decline over the past 24 hours, as market participants await confirmation of a new upward trend.
Technical analysts highlight $18 as a pivotal threshold—a weekly close above this level could trigger an impulsive Wave 3 rally, potentially propelling LINK toward $31. On the flip side, failure to break through may prolong the ongoing Wave 4 correction. While the recent rejection at resistance has diminished bearish probabilities, the market remains in a consolidation phase.
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