CandleFocus Chainlink (LINK) Price Flashes Buy Signal, Is A $23 Rebound Coming?
2025-02-14
Author: Content Editor
The price of Chainlink (LINK) has the potential to recover after investors received a buy signal from the TD Sequential indicator near the $18.00 support level. Analysts believe this signal could lead to price gains up to $21 and $23, especially under increased buying conditions. The price development and technical analysis indicators suggest that if support holds at its current position, there could be a short-term bullish breakout. Traders should keep an eye on the $21.00 resistance level and the next significant barrier at $23.00. The market is currently in neutral territory, but higher bullish momentum could be seen if the RSI crosses above 50. Whale participation and accumulation of LINK tokens on exchanges could also contribute to potential price increases.
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