#Chainlink
Trade now. . ๐๐โโคโคโค
๐พ๐๐๐๐ฃ๐ก๐๐ฃ๐ ๐๐ง๐๐๐ ๐๐๐ง๐๐๐ฉ๐จ $32 ๐ผ๐จ ๐๐๐ค๐ง๐ฉ-๐๐๐ง๐ข ๐๐ค๐ก๐๐๐ง ๐๐ง๐ค๐๐๐ฉ๐๐๐๐ก๐๐ฉ๐ฎ ๐๐ค๐๐ง๐จ
Chainlink (LINK) is the leading gainer among the top 15 largest cryptocurrencies by market cap today, July 9, as it trades at $14.06 with a 5.3% increase in the last 24 hours. These gains come as the level of profitability by traders who have not held the token for a long time increases. At the same time, a bullish pattern suggests that the Chainlink price might be close to making 78% gains to the highly coveted price of $30.
Chainlink is emerging as one of the crypto tokens that might perform quite well in July 2025, following the emergence of a double-bottomed pattern on the weekly time frame chart. This pattern shows that bulls have been defending the support level at $10, and if it does hold, it might be a major factor that will drive a price rally.
This double bottom pattern is still in the early stages, and it will mature after the price crosses above $18 and turns this price level into a strong support. However, a gradual increase in buying activity is supporting a bullish Chainlink price prediction.
The stochastic RSI has been rising slowly, and it has moved above 50 for the first time in one month, which indicates that the momentum is now in favor of bullish traders. Making a higher high will show that this bullish momentum is strong.
LINK price has bounced from this support two times now, and the bullish traders are now targeting the resistance level that stands at $18. If it is successful in defending it, this might trigger a strong price increase, whereby the token will record a 126% gain to $32.
The MACD indicator is also supporting the bullish narrative by creating a buy signal that might be the key to the 126% increase above $30. If traders react to this signal, it might create higher highs for the stoch RSI indicator and drive a strong surge for Chainlink price.
