🔥🔥What to Expect from Chainlink (LINK) Going Forward? Analysis Company Shared Levels that Must Be Protected and Target Levels! 🔥🔥

Cryptocurrency analysis firm MakroVision shared its technical assessment of Chainlink (LINK) price movements with the public. The company emphasized that LINK found strong support at around $11 and reacted upward from this point, interpreting this as a positive sign.

According to MakroVision, last week LINK re-tested both the old downtrend channel (shown in green) and the significant support level around $11. The overlap of these two technical factors created a strong support area. The upward movement that started from this level continued with a sudden and strong (impulsive) rise above $12.70. This situation indicates a potential V-bottom formation, carrying a positive bullish signal. Analysts are tracking the new support zone between $12.60 and $12.90 in the short term.

MakroVision experts state that as long as the LINK price remains above the $12.60–$12.90 range, the short-term momentum could be in favor of the bulls. The next significant step will be for the price to break above the upper boundary of the downtrend channel shown in blue. If this occurs, the range of $16.50–$17.30 will come up as the new target resistance area.

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