Chainlink Forms Cup and Handle as Price Targets Breakout Above $30
The post Chainlink Forms Cup and Handle as Price Targets Breakout Above $30 appeared on BitcoinEthereumNews.com. Chainlink (LINK) is showing a strong technical setup as analysts highlight a potential cup-and-handle breakout forming on the daily chart. Bubbafox points to a long, rounded base and short handle near the $25 resistance, signaling a possible rally toward $30 if buyers confirm a breakout with rising volume. The 200-day moving average and mid-term trendline continue to hold, reinforcing bullish momentum above the $21–$22 support zone. At the same time, LINK trades near $24.03, up 2.35% in 24 hours, with $16.28 billion market cap and $1.23 billion daily volume. Intraday charts show buyers defending $23.0–$23.5 support, while a decisive close above $23.95–$24.89 could extend gains. Sustained volume remains key for validating the breakout and driving further upside. LINK Cup-and-Handle Pattern Near Completion Chainlink is displaying a large cup-and-handle formation that may be close to completion, according to analyst Bubbafox. The pattern consists of a long, rounded base that forms the cup, followed by a shorter downward consolidation forming the handle. Historical market behavior often associates this pattern with potential upward price movement if the asset clears key resistance levels. LINKUSDT Chart | Source:x Bubbafox identifies the $25 zone as a critical level to surpass. The chart shows a long-term descending resistance line derived from previous highs that aligns near this level. However, a decisive close above this resistance could open a path toward the $30 mark or higher if buying pressure strengthens. The structure suggests that a sustained move above $25 would confirm the pattern and potentially initiate a new upward phase. Support and Trend Indicators Chainlink’s chart also reveals steady technical support. The 200-day moving average and a rising mid-term trendline remain intact, supporting the broader uptrend. Trading volume has maintained stable levels, reflecting consistent market activity around the key support range of $21 to $22. Maintaining this zone…
The post Chainlink Forms Cup and Handle as Price Targets Breakout Above $30 appeared on BitcoinEthereumNews.com.
Chainlink (LINK) is showing a strong technical setup as analysts highlight a potential cup-and-handle breakout forming on the daily chart. Bubbafox points to a long, rounded base and short handle near the $25 resistance, signaling a possible rally toward $30 if buyers confirm a breakout with rising volume. The 200-day moving average and mid-term trendline continue to hold, reinforcing bullish momentum above the $21–$22 support zone. At the same time, LINK trades near $24.03, up 2.35% in 24 hours, with $16.28 billion market cap and $1.23 billion daily volume. Intraday charts show buyers defending $23.0–$23.5 support, while a decisive close above $23.95–$24.89 could extend gains. Sustained volume remains key for validating the breakout and driving further upside. LINK Cup-and-Handle Pattern Near Completion Chainlink is displaying a large cup-and-handle formation that may be close to completion, according to analyst Bubbafox. The pattern consists of a long, rounded base that forms the cup, followed by a shorter downward consolidation forming the handle. Historical market behavior often associates this pattern with potential upward price movement if the asset clears key resistance levels. LINKUSDT Chart | Source:x Bubbafox identifies the $25 zone as a critical level to surpass. The chart shows a long-term descending resistance line derived from previous highs that aligns near this level. However, a decisive close above this resistance could open a path toward the $30 mark or higher if buying pressure strengthens. The structure suggests that a sustained move above $25 would confirm the pattern and potentially initiate a new upward phase. Support and Trend Indicators Chainlink’s chart also reveals steady technical support. The 200-day moving average and a rising mid-term trendline remain intact, supporting the broader uptrend. Trading volume has maintained stable levels, reflecting consistent market activity around the key support range of $21 to $22. Maintaining this zone…
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