Chainlink (LINK) Breakout: Accumulation Zone Points To Upside Potential, $20 In Sight

Chainlink (LINK) Breakout: Accumulation Zone Points To Upside Potential, $20 In Sight
The decentralized Oracle network Chainlink and its native token LINK have grown impressively in the past month. Despite experiencing a correction since late December, where LINK reached a 20-month high of $17.6, the token has shown signs of renewed bullish momentum.  Key Resistance Levels For LINK’s Price Rally Renowned crypto analyst Ali Martinez has identified a robust demand zone for Chainlink between $14.8 and $15.2, slightly below its current trading price of $15.415.  Within this range, many addresses (17,650) purchased 85.12 million LINK. With limited resistance, LINK appears to be well-positioned to advance towards the $20 mark. Based on the analyst’s observations, if the current bullish momentum witnessed over the past seven days persists, LINK could swiftly reach the $20 price level. Looking at LINK’s 1-day chart, the next resistance levels to overcome before potentially climbing toward $20 are $15.55, $16.69, and $16.92. Breaching these levels would pave the way for a clear path towards the $20 milestone. Related Reading: Bitcoin To Reach $1 Million In Days To Weeks, Crypto Analyst However, it is important to note that in the absence of major resistance walls, the battle fo ..

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