🔴$LINK Will Soon to Reach $18 🔴

Chainlink (LINK) hasn’t seen the same explosive growth as some other altcoins during the recent market recovery, with its price up around 7% this week. However, its strong fundamentals make it a coin worth watching.

Ali, a prominent crypto analyst, updated his LINK price prediction, noting that Chainlink appears to be forming a head-and-shoulders pattern on the 4-hour chart. He suggests that a close above $14.7 could potentially send LINK to $18.3. The head-and-shoulders pattern is a popular technical analysis tool used to predict potential trend reversals, consisting of three peaks with the middle peak being the highest.

If this pattern plays out as Ali suggests, it could indicate a bullish move for LINK. Beyond short-term predictions, Chainlink’s long-term potential remains strong due to its position as a leading oracle network in the blockchain space, providing reliable off-chain data to smart contracts. Its growing partnerships and integrations with various blockchain projects further strengthen its market position.

Traders and investors should keep an eye on the $14.7 resistance level and monitor volume indicators to confirm this bullish trend’s continuation.

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