🚀 Analyst Predicts Skyrocketing Price for Chainlink (LINK) in Upcoming Bull Market! 📈
Chainlink (LINK) has made a strong comeback in November, aiming to achieve its best monthly performance since May. This surge is fueled by the ongoing market-wide rally, with one analyst predicting that LINK could soar to $100 in the near future.
Notably, analyst Bubbafox takes an even more optimistic view, forecasting that LINK could hit an incredible $2,000, reflecting a 11,000% increase from current levels. This projection is based on regression analysis of weekly charts.
📊 Technical Analysis:
Chainlink has risen over 123% from its August lows, reaching a critical resistance level of $19.18.
It’s forming a cup and handle pattern, which typically leads to strong bullish breakouts.
Additionally, LINK has created a bullish pennant formation, another indicator of potential upward movement.
A golden cross of the 50-day and 200-day EMAs further signals upward potential.
As Chainlink continues to show promising bullish signs, its future performance remains a topic of keen interest.
This post is not financial advice.
