CandleFocus Chainlink (LINK) Price Eyes 42% Growth to 3-Year High
2024-12-03
Author: Content Editor
Chainlink (LINK) has been one of the top gainers among the top 20 cryptocurrencies in the last 24 hours, despite mixed signals from its technical indicators. The BBTrend indicator has weakened significantly but remains positive, indicating potential for a 42% surge to $30 if resistance levels are broken. A decline in whale holdings suggests a potential shift in sentiment, with larger investors potentially taking profits or redistributing their holdings. This decline in whale accumulation could signal bearish pressure on LINK price in the short term. However, recent attempts to breach $22 suggest potential for significant upward movement, with targets at $25 and $30. Failure to maintain upward momentum could trigger a downward correction to support levels at $16.18 and $13.8.
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