Cryptocurrency

Chainlink

Spot

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/chainlink-link-holds-firm-and-eyes-new-peaks-in-market-upswing" rel="noopener noreferrer nofollow">Chainlink (LINK) Holds Firm and Eyes New Peaks in Market Upswing</a><br></p>
<p style="text-align: justify">Following a market downturn due to Spot ETF approvals, <a href="https://en.bitcoinhaber.net/chainlink-link-price-predictions-amidst-market-uncertainty" rel="noopener noreferrer nofollow">Chainlink</a> (LINK) has impressively held above the critical support level of $13.6. The altcoin has seen a notable 13.6% price surge in the past week, with its value reaching $15.46, signaling a robust market recovery.</p>
<p style="text-align: justify">Cryptocurrency experts have identified a bullish head and shoulders pattern on the daily chart, hinting at a possible continuation of the upward trend. Despite the three-month volatility and sideways movement, this pattern suggests an opening for buyers to drive further gains.</p>
<p style="text-align: justify">On-chain data reveals that large investors have been bullish on LINK, accumulating over $57 million worth of the token in the last month. This significant investment activity contrasts with the uncertain trend lines, indicating strong confidence among major holders.</p>
<h2 id="setting-sights-on-a-higher-goal">Setting Sights on a Higher Goal</h2>
<p style="text-align: justify">With the recent positive developments, analysts forecast a short-term 7% increase in LINK’s price, potentially overcoming the $16.67 resistance. A successful breakout could intensify buying pressure, possibly propelling the price past the $17.5 high resistance level and setting an ambitious $30 target.</p>
<p style="text-align: justify">In conclusion, Chainlink has demonstrated resilience in the face of market fluctuations, maintaining support and showing the potential for significant growth. The observed head and shoulders pattern and on-chain investor activity suggest that LINK may be gearing up for an aggressive upward trajectory.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/chainlink-link-holds-firm-and-eyes-new-peaks-in-market-upswing" rel="noopener noreferrer nofollow">Chainlink (LINK) Holds Firm and Eyes New Peaks in Market Upswing</a></h5>

Chainlink (LINK) Holds Firm and Eyes New Peaks in Market Upswing

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