Chainlink's price is surging, breaking out of a descending wedge pattern and igniting optimism in the crypto market. Traders are speculating about a potential move towards $50 as the altcoin rallies. The article analyzes Chainlink's bullish momentum, key resistance levels, strategic partnerships, and on-chain metrics to determine if this rally can be sustained.
gaining momentum on the charts lately, with the crypto breaking out of a descending wedge pattern. Needless to say, this has ignited optimism across the crypto market . At press time, LINK was trading at $26.31 following a 9.20% hike in the last 24 hours.
However, the key resistance level at $27.23 remains critical, as a failure to surpass this level could lead to temporary pullbacks. Additionally, the gradual uptick in trading volume supported the breakout narrative – Creating a foundation for a potential surge towards $30 and higher.Chainlink’s integration with HODL Token is sparking excitement within the decentralized finance space.
CHAINLINK CRYPTO MARKET BULLISH MOMENTUM DEFI PRICE PREDICTION
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