Chainlink Price Prediction: Path To Bullish Breakout, $16 Soon?
The post Chainlink Price Prediction: Path To Bullish Breakout, $16 Soon? appeared on BitcoinEthereumNews.com. Chainlink (LINK) price gained attention as its action moved above key resistance levels. Recent technical patterns suggested a possible continuation toward the $16.00 mark, supported by momentum on both USD and BTC trading pairs. Chainlink Price Breaks Out of an Ascending Channel Notably, Chainlink price breakout from an ascending channel has raised expectations of further upside. According to analysts, on the 2-hour chart, LINK moved decisively through upper channel resistance near $13.90 and is now trading around $14.14. The breakout was accompanied by higher trading volumes. Chainlink Price 2-Hour Chart Source: Cryptojobs3 In addition, technical projections showed that Chainlink price may surge toward the $15.70–$16.00 zone. This aligns with historical resistance levels observed in April. The analyst noted that the top altcoin remained confined in a small range over the past few days. Besides, the ascending channel had worked as a continuation pattern previously. As a result, a breakout of the trend added weight to the possibility of a rally. Chainlink price channel support between $13.30 and $13.60 has been tested several times and has remained intact. The reliability of this pattern has been confirmed through this price action. $14.40 Resistance is a Bullish Trigger for LINK Price Another analyst, CryptoWZRD, noted that Chainlink price $14.40 resistance zone represents a crucial level. According to his daily technical outlook, a close above $14.40 would place Chainlink price in bullish territory, increasing the likelihood of a push toward $16.00 and above. Chainlink Price Chart Source: CryptoWZRD/X More so, that same analysis also showed that LINK ended the previous daily candle on a strong note. Consequently, this pointed to a continuation of subsequent moves provided Chainlink price held onto its gains above the $14.40 mark. Intriguingly, this was a rejection level in several prior sessions, and a clear indication of strength in the…
The post Chainlink Price Prediction: Path To Bullish Breakout, $16 Soon? appeared on BitcoinEthereumNews.com.
Chainlink (LINK) price gained attention as its action moved above key resistance levels. Recent technical patterns suggested a possible continuation toward the $16.00 mark, supported by momentum on both USD and BTC trading pairs. Chainlink Price Breaks Out of an Ascending Channel Notably, Chainlink price breakout from an ascending channel has raised expectations of further upside. According to analysts, on the 2-hour chart, LINK moved decisively through upper channel resistance near $13.90 and is now trading around $14.14. The breakout was accompanied by higher trading volumes. Chainlink Price 2-Hour Chart Source: Cryptojobs3 In addition, technical projections showed that Chainlink price may surge toward the $15.70–$16.00 zone. This aligns with historical resistance levels observed in April. The analyst noted that the top altcoin remained confined in a small range over the past few days. Besides, the ascending channel had worked as a continuation pattern previously. As a result, a breakout of the trend added weight to the possibility of a rally. Chainlink price channel support between $13.30 and $13.60 has been tested several times and has remained intact. The reliability of this pattern has been confirmed through this price action. $14.40 Resistance is a Bullish Trigger for LINK Price Another analyst, CryptoWZRD, noted that Chainlink price $14.40 resistance zone represents a crucial level. According to his daily technical outlook, a close above $14.40 would place Chainlink price in bullish territory, increasing the likelihood of a push toward $16.00 and above. Chainlink Price Chart Source: CryptoWZRD/X More so, that same analysis also showed that LINK ended the previous daily candle on a strong note. Consequently, this pointed to a continuation of subsequent moves provided Chainlink price held onto its gains above the $14.40 mark. Intriguingly, this was a rejection level in several prior sessions, and a clear indication of strength in the…
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