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Naina

07/18 11:56

ChainLink Gains 3% and Holds Support With Breakout

ChainLink Gains 3% and Holds Support With Breakout Still Activepullnochain19-dec-1-800x450.jpg

Chainlink (LINK)Price is approaching a major breakout as analysts identify bullish long-term and short-term chart formations. LINK Collector highlighted a multi-year symmetrical triangle nearing its apex, with $100 cited as a long-term magnet level if the price breaks out. Meanwhile, ZAYK Charts confirmed a breakout from a descending triangle, projecting a 63.33% rally toward $27.00 based on measured move targets.

LINK Price rose 3.48% in the past 24 hours, trading at $16.50 with support holding above $16.30 despite minor retracements. Trading volume reached $909 million, reinforcing bullish momentum as LINK targets $16.90 and possibly $17.20 next. With a market cap of over $11.18 billion, Chainlink’s expanding role in blockchain infrastructure continues to support its bullish technical outlook.

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