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Chainlink (LINK) Eyes $52 Breakout as Bullish Patterns Signal Strong Accumulation
Chainlink (LINK) Eyes $52 Breakout as Bullish Patterns Signal Strong Accumulation
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Chainlink LINK News -
Chainlink (LINK) dipped 5.5% to $22.37 on April 15, but analysts remain optimistic. A double bottom pattern and inverse head-and-shoulders formation indicate robust buyer support at lower levels, with a potential breakout target of $52—matching its all-time high.
CryptoGoos highlights the critical $36 resistance level as the key hurdle for upward momentum. The W-shaped double bottom suggests sustained accumulation, reinforcing confidence in LINK's resilience during market pullbacks.
Market sentiment views accumulation phases as precursors to rallies. Technicals now outweigh short-term volatility, with reports of institutional traders building positions during this consolidation phase.
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