Analysts are predicting a major price surge for Chainlink (LINK) following a period of consolidation. The cryptocurrency has been accumulating within a defined range, with analysts identifying key targets of $33.02, $36.31, and $40.11. This consolidation phase is typical for accumulation territory, suggesting that buyers are preparing for a breakout. A breakout above the upper boundary at $24.50 is expected to trigger the next bullish move. Additionally, a double bottom pattern on the 4-hour chart further supports the bullish thesis. Traders are closely watching volume and momentum to determine if these targets will be breached.
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