The Chainlink ($LINK) token has reached a crucial resistance level of $16.60, and market participants are monitoring its next move. If the token can close above this level, it could continue to rise towards higher price targets. Analysts are predicting a target of $19.25 if the token can stay above $16.60. The recent increase in bullish activity for $LINK may be due to the growing demand for decentralized applications and oracles in the cryptocurrency market. The future looks positive for $LINK, but investors should wait for a confirmed breakout above the resistance level.



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