Chainlink (LINK) is currently trading within an ascending triangleā€”a pattern often seen as a signal for bullish continuation in technical analysis. As price action tightens, LINK is nearing its rising trendline support, a crucial area that may dictate its next direction. $LINK

Should LINK hold this support and rebound, it could pave the way for a fresh upward push, reaffirming its bullish trajectory. Traders will want to keep a close watch on this level for confirmation of strength.

Key resistance levels ahead:

  • $12.80 ā€“ The first key resistance point and possible breakout zone

  • $15.00 ā€“ A major psychological barrier and technical milestone.

With growing momentum and improving market sentiment, LINK might be setting the stage for its next rallyā€”assuming buyers can defend support.


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