$LINK Technical Analysis - Potential Breakout! 🚀
#ChainLink is showing strong bullish signs with the recent breakout above the descending trend line. Watch for a sustained move above the $16.235 level to confirm the bullish trend. The next major resistance is around $22.822, with potential to reach $24.000.
Key Observations:
🔹 Support Zone: #LINK has respected the support zone around $14.000, bouncing back up after testing it multiple times.
🔹 Trend Line Breakout: LINK has broken above the descending trend line, indicating a shift in momentum from bearish to bullish.
🔹 Target Price (TP): Based on the current analysis, the next target price (TP) is set at $22.822, with potential further gains towards $24.000 if bullish momentum continues.
