B4Bit
07/11 16:25
Chainlink Surges Past Resistance, Eyes $30–$50 Tar
Chainlink Surges Past Resistance, Eyes $30–$50 Target Range8dfeb862a4674e35a72c1809d85e5217.png
Chainlink (LINK) has entered a bullish phase following a long period of consolidation. According to technical analysis shared recently by WorldOfChartsfx, Chainlink (LINK) has broken out of a descending resistance line that has persisted since late 2024. Gvjsyj7XkAA6A1t.jpeg
This breakout was observed on the 2-day chart, with the pattern signaling a shift in trend, supported by increasing trading volumes. At the time of analysis, LINK was priced at $15.38 and showed a 0.98% intraday gain.
The breakout points to a potential move toward the $30–$50 range, suggesting gains of over 217% if bullish momentum continues. LINK can establish support above the breakout level. The upward trajectory has placed LINK on the radar as a potential top performer in the altcoin space this quarter.
LINK Climbs Above $15 With Bullish Price Action
At press time, LINK is trading at $15.60, reflecting a 9.02% gain in the last 24 hours. The price has moved steadily from an intraday low of $13.26, confirming upward momentum.
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