Chainlink is on the verge of a breakout! $45 target ignites market enthusiasm

Chainlink (LINK) is reaching a critical moment, with increasingly clear signs of a price breakout. Technical analysis shows that the LINK price has formed a bullish cup and handle pattern, indicating an upward trend in the future. In the short term, LINK may first test the support zone of $13.8 to $14, and after a successful rebound, the target price could soar to $18-$19.

Further analysis shows that Elliott Wave Theory supports the bullish trend, with expectations that Chainlink will break through the key resistance level of $28-$32, setting a target price between $31.85 and $45.50. Top traders on the Binance platform are also continuously increasing their positions in LINK, driving market optimism.

Key support and resistance levels will determine whether LINK can achieve a significant rise, and a breakout may trigger a new round of bullish momentum.