Chainlink (LINK) is trading at $15.32, reflecting a 0.59% gain from the previous close. Over the past week, LINK has shown steady growth, surging 13% from $13.52 to $15.27, signaling increased bullish momentum. With key resistance levels approaching, the market is closely watching for a breakout or potential retracement.
Daily Chart: Bulls Challenge the $15.50 Barrier
LINK’s 24-hour price range of $14.89 to $15.35 indicates moderate volatility, with buyers maintaining control. Over the past week, the price has steadily climbed, reinforcing the bullish sentiment.
The $15.50 resistance level is a critical hurdle for LINK. A successful breakout above this level could open the door for a rally toward $16.20-$16.50. On the downside, immediate support sits at $14.80, and if breached, LINK could see a short-term correction toward $14.50-$14.30 before another upward push.
4-Hour Chart: Strengthening Uptrend Hints at Breakout
Shorter time-frame analysis shows a series of higher lows, indicating growing bullish strength. LINK’s 24-hour trading volume of $341.84 million suggests solid market participation, further supporting the uptrend.
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LINK Price Outlook: Next Move Incoming?
With the current momentum, LINK appears primed to test the $15.50-$15.60 resistance zone. If it clears this level, a surge toward $16.20 and possibly $16.50 is likely. However, if buying pressure weakens, LINK could see a pullback to $14.80 or lower before making another attempt to break out.
As Chainlink’s oracle technology continues gaining adoption, its fundamentals remain strong. Traders should monitor volume spikes and resistance breakouts, which could confirm the next major move. If the bulls maintain control, LINK could be gearing up for a significant rally in the days ahead.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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