My crypto people! Get ready because things are getting good with Chainlink (LINK)! After a few weeks of "building" energy, it seems this coin is about to make a leap! 💪
Imagine that LINK has been there, quietly, between $12 and $14 for quite a while. It's like when one is building momentum before jumping really high, you know? And despite Chainlink forming important partnerships, like with Mastercard and other protocols using their products, the price remained in that zone. But be careful! That accumulation is the signal many experts were waiting for a big bullish breakout.
Analysts have square eyes 👀, because most believe that LINK could reach $17 soon! It's an interesting rise, especially after the cryptocurrency market, in general, has picked up steam again. Bitcoin is above $109,000 and Ether has surpassed $2,600. The atmosphere is heating up! 🔥
The LINK/USD 4-hour chart is on fire 🔥, showing an upward path. It seems to have absorbed a lot of liquidity around $12.8 over the weekend, and that's a clear sign that the "bulls" (those who buy and push the price up) are ready for the next move. The Relative Strength Index (RSI) is at 64, meaning there's good buying pressure, and the MACD lines are in positive territory, confirming that the bulls are in control!
If this streak of good vibes continues, LINK could hit its first major resistance at $15.7 in the next few hours or days. And if things stay this bullish, we could see LINK close to $17.9 for the first time since May! Can you imagine?
But here comes the "but": for LINK to break its January high of $26, it will need the entire cryptocurrency market to give it a push. If things get ugly, the solid support at $12.6 is where the bulls will defend the position tooth and nail. If that level doesn't hold, LINK could test the $10.9 from June again. So, stay alert!
So you know, my friends, keep an eye on LINK! Will we see those prices soar? Leave me your comments! 👇$LINK
