Future

Solana

Read

Chainlink

Time

<p>Chainlink’s native token LINK looks primed for additional gains after breaking out of a bull flag formation, <a href="https://twitter.com/ali_charts/status/1726388887524892829" target="_blank" rel="noreferrer noopener nofollow">according</a> to noted crypto trader Ali. He sees LINK heading back toward the $20 level if key support around $14 holds.</p> 
<p>Ali pointed to Chainlink’s recent price action as carving out a bull flag pattern on the charts. This constructive setup involves a strong price surge higher, followed by a period of sideways consolidation before an eventual continuation upwards.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="813" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-498-1024x813.png" alt="" class="wp-image-381053" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-498-1024x813.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-498-300x238.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-498-767x609.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-498-1536x1220.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-498-2048x1626.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-498-189x150.png 189w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-498-100x79.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-498-441x350.png 441w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-498-788x625.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-498.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>The flagpole of LINK’s flag came when prices spiked to $15 with a 5% surge in the last 24 hours.&nbsp;Now that LINK has been convincingly breaking above the flag’s upper resistance trendline in recent days, expectations are growing for the next leg to materialize. Ali believes LINK could revisit its breakout zone near $14 for a retest but will ultimately push toward $20 from here.</p> 
<p>Crucially, LINK will need to maintain the $14 region as support on any pullbacks. Otherwise, failure to hold that floor could invalidate the bullish setup and lead to a deeper retracement.</p> 
<p>Read also:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/solana-bullish-as-sol-reaches-60-first-time-since-may-but-an-initial-retracement-to-this-level-is-possible/" target="_blank" rel="noreferrer noopener">Solana Bullish as SOL Reaches $60 First Time Since May, But Initial Retracement to This Level Is Possible</a></li> 
 <li><a href="https://captainaltcoin.com/this-btc-indicator-makes-it-incredibly-easy-to-know-if-bitcoin-is-in-a-bull-or-bear-market/" target="_blank" rel="noreferrer noopener">This BTC Indicator Makes It ‘Incredibly Easy’ to Know if Bitcoin Is in a Bull or Bear Market</a></li> 
 <li><a href="https://captainaltcoin.com/analyzing-future-prospects-roe-xrp-and-sols-potential-for-market-growth/" target="_blank" rel="noreferrer noopener">Analyzing Future Prospects: $ROE, XRP, and SOL’s Potential for Market Growth</a></li> 
</ul> 
<p>Still, if Chainlink can confirm its flag breakout by converting the $14 zone into a new platform for additional gains, its medium-term technical outlook will remain brightly bullish.&nbsp;</p> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-nofollow-sponsored-span-we-recommend-etoro-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <span>We recommend eToro</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     <strong>74% of retail CFD accounts lose money.</strong>
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> Visit eToro Now </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/chainlink-could-break-out-from-bull-flag-analyst-says-link-may-reach-this-price-after-14-retest/">Chainlink Could Break Out From Bull Flag; Analyst Says LINK May Reach This Price After $14 Retest</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Chainlink Could Break Out From Bull Flag; Analyst Says LINK May Reach This Price After $14 Retest

Table of Contents

CaptainAltcoin

Other articles published on Nov 20, 2023

Bitcoin-Friendly Javier Milei Wins Argentine Presidential Election

Japan’s ODEX to Begin Trading with Real Estate Security Token

Shibarium introduces ‘Donate’ feature

A Detailed Guide For Buying Dogecoin on eToro & Its Prospects

North Korean ties suspected in Indexed Finance treasury attack

How to Read Charts to Know When to Sell/Buy Your Crypto

Join our free newsletter for daily crypto updates!