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Chainlink

<ul>
 <li>Whale activity sparks optimism as 800,000 LINK tokens worth $14.7 million shift from Bybit to an undisclosed wallet.</li>
 <li>Bullish momentum builds as Chainlink breaks out of a megaphone pattern, setting sights on $21 with a significant retest.</li>
 <li>Analysts predict a promising future for Chainlink amid a 38.78% increase over the last 30 days.</li>
</ul>
<p>Chainlink’s (LINK) recent surge, fueled by significant whale activity and bullish technical indicators, points to a promising future with an analyst eyeing a $21 target amidst growing optimism in the cryptocurrency market.</p>
<p>Chainlink has captured the attention of investors and analysts as Whale Alert <a href="https://x.com/whale_alert/status/1755137189552300325?s=20" rel="noopener noreferrer nofollow">reported</a> a substantial transfer of 800,000 LINK tokens, valued at approximately $14.7 million, from the Bybit exchange to an unidentified wallet. This notable movement of assets signifies a potential shift in market dynamics and investor sentiment toward Chainlink, reflecting growing interest and confidence in its prospects.</p>
<p>A key highlight driving optimism surrounds Chainlink’s recent breakout from a megaphone pattern, indicating bullish momentum in the market. This breakout has paved the way for a bullish retest scenario, where previous resistance levels are now being tested as support, propelling Chainlink towards its next target of $21. A crypto analyst has expressed confidence in this upward trajectory, emphasizing the significance of the retest and the potential for higher prices.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LINK</a> Bullish Retest!<a href="https://twitter.com/hashtag/LINK?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#LINK</a> broke out of this megaphone pattern and is currently retest previous resistance as support.<br><br>This is a massive bullish retest and we can now aim for higher prices. My first target to the upside will be the $21.<a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Chainlink</a> looks very bullish here! <a href="https://t.co/OpnTQUs97i" rel="noopener noreferrer nofollow">https://t.co/OpnTQUs97i</a> <a href="https://t.co/b16XIMZEXJ" rel="noopener noreferrer nofollow">pic.twitter.com/b16XIMZEXJ</a></p>— Crypto Yapper (@CryptoYapper) <a href="https://twitter.com/CryptoYapper/status/1755160219204878542?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 7, 2024</a>
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<p>Despite experiencing a minor decline of 3.73% in the past 24 hours, Chainlink has demonstrated remarkable resilience and growth, boasting a notable 38.78% increase over the last 30 days. This trend underscores the overall positive sentiment surrounding Chainlink’s trajectory in the cryptocurrency market. Analysts predict that the accumulation of LINK by high-net-worth entities, coupled with favorable technical indicators, could lead to a bullish breakout in the near future.&nbsp;</p>
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</ul>
<p>The post <a href="https://cryptonewsland.com/chainlinks-bullish-retest-signals-21-target-ahead/" rel="noopener noreferrer nofollow">Chainlink’s Bullish Retest Signals $21 Target Ahead!</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Chainlink’s Bullish Retest Signals $21 Target Ahead!

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