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Chainlink LINK Faces Short-Term Pullback Before Targeting $25.41
Chainlink LINK Faces Short-Term Pullback Before Targeting $25.41
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Chainlink LINK News -
Chainlink's native token LINK presents a nuanced technical outlook, currently trading at $22.27. Analysts anticipate potential short-term weakness toward $23.14 before a rally toward the $25.41 medium-term target.
The broader trajectory remains bullish, with some projections suggesting LINK could reach $48.63 by year-end—a 118% upside from current levels. This Optimism stems from Chainlink's fundamental developments and improving market sentiment metrics.
Technical indicators reveal key levels: immediate support at $21.87, stronger footing at $20.98, and resistance NEAR the upper Bollinger Band at $26.84. The $24.50-$26.00 range may serve as consolidation territory before the next directional move.
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