Chainlink is starting to recover. After producing a long-term higher low, it is now trading at the highest price on a rise since November 2024.
The entire consolidation range of late 2024 has been left behind. LINKUSDT remained within these levels for two weeks and is now finally trading above it. Bullish territory for sure.
Now, Chainlink has been producing higher highs and higher lows both based on candle wick and candle close, this leaves room for no doubt as to where prices are going next.
When looking at some of the other pairs, with lower highs and lower lows, we have to find supporting signals that predict additional growth. Like high trading volume being a good example.
Here we do not need to look for these signals as the trend is clearly identifiable. It means that Chainlink is strong in relation to many other pairs.
A strong chart, a strong pair can produce a strong All-Time High when the time comes.
Say the $43 target is only a mid-term one, within the next 1-3 months, but there will be more.
The 2025 bull market is likely to go until late 2025 or even beyond, early 2026. With this in mind, the target shown on the chart can be considered easy, this is only the first step.
After this target is reached, we are likely to see a correction, a mild one, followed by additional growth. We will adapt to the market if conditions change.
The most important part is to buy when prices are low, in this way, we can hold easily when strong shakeouts and retraces develop out of nowhere. We are going up.
This is a good pair, a good project, a great chart. Buy and hold.
Namaste.
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