Chainlink ( $LINK ) Technical Analysis in Simple & Short:

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The long-term chart for LINK suggests a potential bottom in Wave 2. The bullish scenario remains preferred, indicating higher prices ahead. Key levels to watch:

- Support: $10 (November low)

- Resistance: $27.56 (78.6% extension)

A break above $27.56 would be a clear bullish signal. On the smaller time frame, LINK needs to complete its internal third wave and form a higher low in the fourth wave.

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