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Chainlink LINK Eyes $46 Breakout as Analysts Spot Bullish Signals
Chainlink LINK Eyes $46 Breakout as Analysts Spot Bullish Signals
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Chainlink LINK News -
Chainlink is currently trading at $16.62, with analysts eyeing a potential breakout above $16.70 that could propel the price toward $18. The $13 level is identified as critical support—maintaining this floor may sustain a rebound targeting $46.
A descending wedge pattern suggests bullish continuation, though resistance NEAR $16.50 currently limits upside. Breaking this level could confirm the pattern's bullish potential, according to analyst Satoshi Flipper.
Short-term consolidation between $15.40 and $16.20 precedes the next decisive move. ThorTrades warns that macroeconomic risks could dampen sentiment, advising traders to watch the $15.40 support level for signs of bearish momentum.
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