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Chainlink LINK Poised for Rally as Liquidity and Technicals Signal Bullish Breakout
Chainlink LINK Poised for Rally as Liquidity and Technicals Signal Bullish Breakout
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Chainlink LINK News -
Chainlink's price is demonstrating resilience after testing key support levels, with a recent breakout above critical resistance. Analysts attribute the upward momentum to increasing market liquidity, particularly its correlation with the M2 Global Money Supply. Despite a short-term pullback from $23 to $21.69, the asset remains a strong contender for a bullish rally.
Technical patterns indicate further upside potential. Analyst Inmortal highlights a breakout formation, suggesting continued upward movement. The token's consolidation phase has transitioned into rising prices, backed by robust technical fundamentals. If chainlink sustains its position above key support levels, it could outperform other altcoins in the coming months.
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