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Bit360

05/31 04:39

Chainlink price prediction

Chainlink price prediction

Chainlink’s 

LINK
$13.53
 failure to sustain above the resistance line may have tempted short-term buyers to book profits.01972208-f104-7244-b880-d774aec1ef03.webp

The bears are trying to sustain the price below the neckline of the inverse H&S pattern. If they succeed, it suggests that the markets have rejected the breakout from the bullish setup. That could sink the LINK/USDT pair to $13.20, extending the stay inside the descending channel pattern for some more time.

The first sign of strength will be a break and close above $18. Such a move suggests solid buying at lower levels and opens the doors for a rally to the pattern target of $20.50.

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