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Chainlink LINK Nears $30 Breakout as Accumulation Phase Intensifies Near $18 Support
Chainlink LINK Nears $30 Breakout as Accumulation Phase Intensifies Near $18 Support
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Chainlink LINK News -
Chainlink's price action indicates a pivotal accumulation phase around $18.00, with technical analysis suggesting an impending rally toward $30.00. The 12-hour chart displays a strong upward trajectory, with $18.00 serving as a key support level. Traders are actively accumulating LINK in anticipation of a significant breakout.
Currently trading at approximately $21.20, chainlink has experienced a minor 2.21% retracement within a $21.00-$22.00 range. This consolidation aligns with broader market trends, while growing buying pressure reflects bullish sentiment driven by Chainlink's fundamental utility in decentralized oracle networks.
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