Chainlink approaches a critical $12-$13 resistance in an ascending triangle, hinting at a breakout potential.
Technical indicators remain neutral, with the RSI showing room for growth, while MACD and volume are steady.
Chainlink’s new blockchain partnership with SWIFT and ANZ could drive institutional adoption and boost interest.
Chainlink may be approaching a breakout, driven by technical indicators and recent developments. The crypto asset has been moving upward, forming an ascending triangle.
#Chainlink is building up for a significant breakout. pic.twitter.com/VQt8uUfwaF
— Michaël van de Poppe (@CryptoMichNL) November 1, 2024
This setup has drawn attention from traders as LINK approaches a crucial horizontal resistance between $12 and $13. Historically, this zone has been a challenging barrier for the asset, with multiple unsuccessful attempts to break through.
LINK Price Performance and Market Sentiment
LINK’s technical analysis shows a strong breakout scenario. LINK’s price has tested the resistance level.
The RSI remains below the overbought zone, indicating that LINK may still have room for an upward mov…
The post Chainlink’s LINK: Poised for a Breakout, Analysts Prediction appeared first on Coin Edition.
