With the release of CPI data, the market reaction was in line with expectations, and the surge in demand in the short term pushed up prices. In such a market context, the performance of Chainlink (LINK) is particularly eye-catching.
From a technical perspective, LINK currently shows a strong trend of gradually rising lows, indicating that bullish forces are gradually accumulating. At this time, if the price can break through the pressure level of the short-term downward trend line at $23, it will further confirm the continuation of the market's upward trend and may start a new upward trend.
Therefore, investors should pay close attention to the key pressure level of $23. If it breaks through effectively, LINK may usher in a larger upside space and even challenge $29 and higher targets.
Hunters will combine real-time market data to analyze the trend of the K-line chart to ensure that you can make the most informed investment decisions.
