Spike

Chainlink

<p>Recent chart analysis from World of Charts reveals that Chainlink (LINK/USDT) is exhibiting signs of strength following an extended correction period. The analysis highlights several key elements that suggest potential upward movement.</p>
<p>The chart posted by the analyst features a potential bullish flag pattern, which is commonly associated with the continuation of an upward trend after a consolidation phase.</p>
<p>This pattern is defined by a sharp upward movement, referred to as the flagpole, followed by a descending channel that resembles a flag. A breakout above this channel could indicate the resumption of the previous uptrend.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/solana-looking-hot-right-now-chart-shows-sol-price-path-to-this-target-zone/" target="_blank" rel="noopener noreferrer nofollow">Solana Looking ‘Hot Right Now’: Chart Shows SOL Price Path to This Target Zone</a></em></strong></p>
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<p><a href="https://www.binance.com/en-NG/price/chainlink" target="_blank" rel="noopener noreferrer nofollow">Chainlink (LINK)</a> is currently testing a significant horizontal resistance level, notably in the $14-$15 range. This level has been tested multiple times in the past, and a successful break above it would serve as a crucial bullish signal.</p>
<p>As the analyst <a href="https://x.com/WorldOfCharts1/status/1848621422668616172?t=0RKioTOTBH9wJZ2F7tVOBw&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">stated</a>:</p>
<p><em>“<a href="https://x.com/hashtag/Link?src=hashtag_click" target="_blank" rel="noopener noreferrer nofollow">#Link</a> Finally Chainlink Looking Strong After Long Correction Forming Bullish Flag While Testing Crucial Horizontal Resistance Incase Of Breakout Link Can Target Trendline Resistance 15$ In Coming Days And If Trendline Got Cleared Too Then Can Hit 30$ Easily In Coming Weeks”</em></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="580" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-825-1024x580.png" alt="" class="wp-image-570583" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-825-1024x580.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-825-300x170.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-825-768x435.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-825-1536x870.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-825-2048x1161.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-825-265x150.png 265w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-825-100x57.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-825-618x350.png 618w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-825-788x446.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-825.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="link-price-targets">LINK Price Targets</h2>
<p><strong>First Target ($15)</strong>: If LINK manages to breach this horizontal resistance, the immediate target would be the upper trendline of the descending channel, around $15.</p>
<p><strong>Second Target ($30)</strong>: Should LINK break this trendline resistance, the chart suggests a substantial upward movement toward $30. This projection aligns with a classic <a href="https://www.investopedia.com/articles/trading/08/trading-breakouts.asp" target="_blank" rel="noopener noreferrer nofollow">bullish breakout </a>from a flag pattern, where the price target is often based on the height of the flagpole.</p>
<p>The downward trendline, which has constrained price action during the correction phase, remains a pivotal area to monitor. A successful move above this trendline would indicate a shift in market sentiment from bearish to bullish. If LINK can clear this resistance, analysts foresee a sharp rally, potentially doubling its price in the coming weeks.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/solana-looking-hot-right-now-chart-shows-sol-price-path-to-this-target-zone/" target="_blank" rel="noopener noreferrer nofollow">Solana Looking ‘Hot Right Now’: Chart Shows SOL Price Path to This Target Zone</a></em></strong></p>
<h2 class="wp-block-heading" id="key-levels-to-watch">Key Levels to Watch</h2>
<p><strong>Support: </strong>A critical support level is identified around $12-$13. A drop below this range could undermine the bullish setup.</p>
<p><strong>Resistance:</strong> The immediate resistance to monitor is the $15 level. A sustained move above this point, particularly with high trading volume, would confirm the bullish breakout. Beyond that, further resistance exists around the $30 mark, as indicated on the chart.</p>
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<p>The post <a href="https://captainaltcoin.com/chainlink-link-price-looking-strong-as-bullish-pattern-emerges-spike-to-30-possible-if/" rel="noopener noreferrer nofollow">Chainlink (LINK) Price ‘Looking Strong’ as Bullish Pattern Emerges: Spike to $30 Possible if…</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Chainlink (LINK) Price ‘Looking Strong’ as Bullish Pattern Emerges: Spike to $30 Possible if…

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