Chainlink Price Breaks Multi-Year Triangle and Targets $35
The post Chainlink Price Breaks Multi-Year Triangle and Targets $35 appeared on BitcoinEthereumNews.com. The cryptocurrency market saw renewed bullish activity as Chainlink broke above a key multi-year resistance level. This breakout follows an extended accumulation period and positions the asset for potential gains toward higher price targets. Market participants are closely monitoring technical indicators that point toward sustained upward momentum. Analysts suggest that holding above the breakout range could open the door for further growth in the current cycle. Chainlink Multi-Year Triangle Breakout Signals Strength In a recent X post, analyst Crypto Patel noted that LINK has moved out of a symmetrical triangle pattern on the two-week chart. The breakout occurred after holding above the $16–$17 zone, which had acted as a major resistance level for months. LINK price 2-weeks chart outlines possible targets of $35, $50, and even $100 within this market cycle, provided buying interest remains consistent. Source: X A long-term support level at $8.95 is highlighted as a crucial safety net for the asset’s structure. The breakout pattern is supported by a steady trend of higher lows, indicating that the market has been building strength over time. The projection also includes a much longer-term target of $230 if macro and market conditions align in the future. This large-scale technical formation marks a shift in the asset’s market structure. Sustaining price levels above $20 could reinforce bullish sentiment and keep the market on track for further gains over the coming months. Trading Data and Market Activity Additionally, BraveNewCoin data shows the price at $20.82, up 8.86% in the past 24 hours. The asset’s market capitalization is about $14.12 billion, placing it 14th among cryptocurrencies by size. Trading volume in the last day reached approximately $1.23 billion, with a circulating supply of 678.09 million tokens, reflecting high liquidity. Source: BraveNewCoin The 24-hour chart reveald a consistent rise from the $19.00 range to…
The post Chainlink Price Breaks Multi-Year Triangle and Targets $35 appeared on BitcoinEthereumNews.com.
The cryptocurrency market saw renewed bullish activity as Chainlink broke above a key multi-year resistance level. This breakout follows an extended accumulation period and positions the asset for potential gains toward higher price targets. Market participants are closely monitoring technical indicators that point toward sustained upward momentum. Analysts suggest that holding above the breakout range could open the door for further growth in the current cycle. Chainlink Multi-Year Triangle Breakout Signals Strength In a recent X post, analyst Crypto Patel noted that LINK has moved out of a symmetrical triangle pattern on the two-week chart. The breakout occurred after holding above the $16–$17 zone, which had acted as a major resistance level for months. LINK price 2-weeks chart outlines possible targets of $35, $50, and even $100 within this market cycle, provided buying interest remains consistent. Source: X A long-term support level at $8.95 is highlighted as a crucial safety net for the asset’s structure. The breakout pattern is supported by a steady trend of higher lows, indicating that the market has been building strength over time. The projection also includes a much longer-term target of $230 if macro and market conditions align in the future. This large-scale technical formation marks a shift in the asset’s market structure. Sustaining price levels above $20 could reinforce bullish sentiment and keep the market on track for further gains over the coming months. Trading Data and Market Activity Additionally, BraveNewCoin data shows the price at $20.82, up 8.86% in the past 24 hours. The asset’s market capitalization is about $14.12 billion, placing it 14th among cryptocurrencies by size. Trading volume in the last day reached approximately $1.23 billion, with a circulating supply of 678.09 million tokens, reflecting high liquidity. Source: BraveNewCoin The 24-hour chart reveald a consistent rise from the $19.00 range to…
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