Chainlink $LINK significantly from the 50-day SMA ($13.70) on May 8, forming an inverse head-and-shoulders pattern. Sellers are attempting to push the price below the neckline, but if buyers maintain this level, the LINK/USDT pair could surpass the resistance line and aim for a target of $21.30.
This positive outlook would change if the price declines sharply and falls below the moving averages, which could lead to a drop to $12, suggesting that the pair may stay within the channel for an extended period.
Note: High potential = High risk. Always DYOR (Do Your Own Research).