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Chainlink (LINK) Shows Bullish Potential: Can It Reach $51 Amid Market Recovery?
Chainlink (LINK) Shows Bullish Potential: Can It Reach $51 Amid Market Recovery?
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Chainlink LINK News -
Chainlink (LINK) demonstrates resilience despite short-term market pressures, currently trading at $15.99 after a 14.89% weekly decline. The token's daily trading volume stands at $440.25 million, down 46.55% from the previous day, yet it maintains a strong market cap of $10.84 billion.
A technical breakout suggests growing bullish momentum. LINK recently broke through a multi-month downtrend line, indicating a potential shift from weakness to recovery. The $13–$14 zone now serves as key support, with analysts targeting $32 and $51 as long-term price objectives. Market sentiment depends on LINK's ability to hold above critical levels and leverage increasing adoption of its oracle network.
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