Chainlink (LINK) Bullish Signal
The current trading price of Chainlink (LINK) is above the key Fibonacci support level, indicating a strong bullish trend. Analysts expect that if LINK can recover the $42 resistance area under strong accumulation and an upward trend line, the likelihood of breaking through $20 will significantly increase.
LINK is currently maintaining above the 0.618 Fibonacci retracement level, confirming its bullish structure since mid-2025. The double bottom breakout at $15.39 further strengthens the bullish sentiment, with the next target expected to be $31. As prices continue to break through key resistance levels, analysts anticipate LINK will enter a stronger upward phase.
Sugo's View:
From a technical perspective, LINK's trend is very clear, especially under the support of the Fibonacci support and double bottom pattern. If it breaks through $20, a strong rebound to $42.50 will follow. Market sentiment and technical signals support this prediction. Traders should closely monitor these key price levels and be prepared to seize potential opportunities.
Conclusion:
The key Fibonacci levels and support zones for Chainlink suggest that LINK may be on the verge of a breakout. If it can break through $20 and maintain stability, the upward target of $42.50 will become feasible. As Chainlink's bullish trend continues, investors should pay attention to these key resistance levels and act based on market signals.
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