LINK Targets 75% Gain
This chart shows that ChainLink (LINK) might be shifting from a downtrend to an uptrend. The price recently broke above a red descending trend line that had been holding it back for months, which could signal a positive change. LINK is now trading above a strong support zone in Green between $12.52 and $13.03, which suggests that buyers are stepping in to hold the price up. This support level is important; if LINK can stay above it, there’s a chance it could rise to higher levels, starting with the first resistance level around $15.21.
If LINK continues its upward movement, it could reach resistance levels at $17.28, $19.23, and even as high as $22.87, which is the chart’s potential target. This target would mean a 75% gain from the current price if the uptrend holds. However, if the price drops below $12.52, it may retest lower levels, and the bullish outlook would be at risk. Overall, LINK shows signs of strength, but it needs to stay above support to keep the upward momentum going.
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