The crypto token Chainlink (LINK) is showing signs of a strong upward move as it consolidates within a bullish pennant formation on the 1-hour chart. Analysts believe the pattern signals a possible breakout that could push the price up by 17.83%, reaching a target of $35. The technical setup has generated significant interest among traders, with many optimistic about the possibility of a breakout. However, some market participants have raised concerns about external factors and broader market conditions that could impact LINK's performance. Nevertheless, there is clear agreement that the technical setup presents an opportunity for an upward move, and traders are closely watching for a breakout with sufficient volume to confirm the bullish signal. The outcome of this formation will be crucial for Chainlink in the coming days.



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