CandleFocus Chainlink (LINK) Bullish Pattern Could Ignite A Breakout: Analyst Sets $15 Target
2024-10-06
Author: Content Editor
The article discusses the current bullish pattern and potential trajectory of Chainlink (LINK) in the cryptocurrency market. Analyst Lucky predicts that if LINK breaks above its current consolidation range, it could quickly surge toward a short-term target of $15 and potentially reach even higher targets of $19 and $22. The article also mentions that LINK is currently testing a key resistance level at the 4-hour 200 moving average, and breaking above this level would be crucial for further gains. However, if LINK fails to break above this level, a correction may occur with the next support level at $9.2. Overall, investors are closely monitoring Chainlink's price action to determine its direction and whether a breakout will occur.
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