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Chainlink LINK Defends Critical $24 Support as Analysts Target $26 Breakout on Bullish Momentum
Chainlink LINK Defends Critical $24 Support as Analysts Target $26 Breakout on Bullish Momentum
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Chainlink LINK News -
Chainlink's LINK token is showing strength by holding the crucial $24 support level, with technical indicators signaling a potential breakout toward $26. Over 5.34 million LINK were withdrawn from exchanges within 24 hours—a typically bullish indicator that suggests reduced selling pressure.
The token is currently trading at $24.72 with a daily volume of $1.77 billion, despite a slight 1.72% decline. Analysts are noting strong buying momentum, with both RSI and MACD indicators supporting the bullish outlook. Market participants are now closely monitoring for a decisive MOVE above key resistance levels.
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