Chainlink Price Eyes $15 Breakout Amid Bullish Momentum
Chainlink (LINK) is showing signs of a potential breakout above $15 as it forms an ascending triangle pattern, a bullish technical signal. Currently trading at $11.95, LINK has experienced a 4% rise in the last 24 hours, with analysts predicting further upward momentum. A key resistance level at $12.10 could be the next hurdle, with $13 and $15 as potential targets if the bullish pressure continues.
Technical indicators, such as the MACD, support this optimistic outlook. The MACD line crossing above the signal line, alongside positive histogram bars, indicates growing momentum. Investor sentiment remains high, bolstered by broader market gains in major cryptocurrencies like Bitcoin and Ethereum.
Should Chainlink surpass the critical $15 level, it could solidify its bullish trajectory, positioning it for continued growth in the near term. However, failure to break this resistance may slow its upward momentum.
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