Popular analyst @ali_charts has shared a chart showing that Chainlink (LINK) may be forming a double bottom pattern, a bullish reversal signal. If this pattern holds, LINK could break out towards $21. Currently trading at around $17.18, Chainlink is showing signs of recovering from previous declines. The double bottom formation indicates a strong level of support and suggests that selling pressure is weakening while demand increases. If Chainlink breaks above the resistance level near $17.50, it could rally towards the $21 target. The potential breakout aligns with broader market trends, increased volatility, and the strong fundamentals of Chainlink in the decentralized oracle space. However, traders should also consider potential risks and monitor market conditions and resistance levels.



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