🚨 *LINK’s Ascending Wedge Breakout Incoming?* 📈🔥
Chainlink (LINK) is currently trading at *13.16*, and it's moving inside a classic *ascending wedge* pattern — a setup that often precedes a *strong breakout* (either up or down, but momentum favors the bulls here) 💥
🧠 What’s Happening:
- The price is squeezing between *higher lows* and a rising resistance trendline.
- Volume is gradually decreasing — typical before a *volatile move*.
- Support from the broader market (especially ETH/BTC strength) could fuel an upside breakout.
📊 Scenarios:
✅ *Bullish breakout:*
If LINK closes convincingly above the upper wedge trendline, we could see a rally toward:
- *T1:* 14.20
- *T2:*15.60
- *T3:* 18.00+
❌ *Bearish breakdown:*
If support fails, the wedge could flip bearish short-term, possibly retesting11.80–$12.00.
🔍 Prediction & Strategy:
- Keep an eye on volume — *a breakout without volume is a fakeout*.
- If you’re bullish, consider entries near support with stop-loss below the wedge.
- If price breaks out cleanly, expect a strong impulse leg as LINK remains a *key oracle player* with growing adoption in DeFi and TradFi 🌐🔗
📌 TLDR: A breakout is brewing. Momentum leans bullish. Be alert! 🧨📈