Chainlink's native token, LINK, has seen a significant surge, reaching a 10-day high of $24.21. This represents a 13% increase in the past 24 hours and a 43% boost in trading volume. Despite this recent uptick, LINK is still down 12% over the past month. Technical analysis suggests a bullish trajectory for LINK, with indications of a potential breakout and higher lows supporting continued upward movement. The recent introduction of Chainlink's Cross-Chain Interoperability Protocol (CCIP) v1.5 upgrade is also viewed as a significant development that is expected to bolster bullish sentiment. Market indicators confirm the bullish sentiment, but caution is warranted for potential pullbacks. The next resistance for LINK is at $24.35, with a breakout potentially leading to a rally toward $30. However, failure to sustain momentum could result in a retracement to the $20 support zone. Analysts observe a bullish trajectory for LINK targeting the $40 mark, with the falling wedge pattern suggesting a breakout.



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