Chainlink Bounces From Key Support: Is $30 Target Possible?
Chainlink (LINK) price has just bounced from key support at $9.00, indicating strong buying pressure. LINK then broke above key resistance at $15.00 and is now approaching the downtrend line, forming a bullish flag pattern. If the $15.00 support level holds and the resistances at $21.00 and $25.00 are cleared, LINK could reach $30.00.
Technical indicators support the bullish momentum
Both OBV and MACD indicators show strong buying pressure, along with RSI recovering from oversold territory. Whale buying activity has also hit a three-month high, with LINK holdings exceeding 369.8 million over the past seven weeks, signaling a bullish trend.
Combining these factors, LINK is in a strong position to continue the uptrend, possibly reaching the target of $30.00 in the near term.