Chainlink ($LINK ) has dropped 20% in the last two weeks, entering a short-term bearish phase 😱. But strong bullish signals suggest a major breakout could be on the way! 🔥
✅ Cup-and-Handle Pattern
The chart is forming a Cup & Handle ☕ – a powerful bullish setup.
Cup top: $27.17
Cup bottom: $10.15
Target: $44+ (almost 100% upside 🚀)
⚠️ A drop below $18 would invalidate this outlook.
✅ Strong Technicals
Price still above the 50-day EMA 📈
Support confirmed at the Murrey Math pivot 🔑
Holding above the Ichimoku Cloud 🌥️
✅ Reserves & Exchange Balances
LINK reserves on exchanges dropped from 277M → 270M 📉 (investors HODLing).
Over 237K LINK tokens ($5.3M) now locked in the new LINK Reserves 🔒
✅ Partnerships & Institutions
Collaboration with the U.S. Department of Commerce 🤝
Bringing macroeconomic data on-chain from the Bureau of Economic Analysis 📊
👉 With these bullish fundamentals and technicals, $LINK looks ready for a strong rebound soon! 🚀🔥
#BinanceHODLerOPEN #USNonFarmPayrollReport #MarketPullback