CandleFocus Chainlink Testing Key Levels: Is a $34 Breakout Imminent?
2025-02-04
Author: Content Editor
Chainlink (LINK) has experienced a strong turnaround in January, gaining 31% and erasing early losses. Analysts expect a major rally for LINK, with indicators suggesting a bullish breakout. Currently trading above the 20 EMA and 200 EMA, LINK's momentum is growing. The $25 - $26 resistance zone could be broken, potentially pushing LINK to $34+ and even $41 in the coming months. A key support zone between $18-$20 has held, reinforcing the uptrend. Analysts predict targets of $31, $53, and a long-term peak of $100 if conditions remain favorable. The increasing buying pressure and growing institutional interest further support the positive sentiment for LINK.
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