Chainlink Breaks Key Level: Is a Bull Run Imminent for This Company
Posted:
- Chainlink price shows bullish momentum with resistance breaks; upcoming targets are set at $19.14 and $20.00.
- Growing transaction activity and a bullish MACD imply rising interest in LINK, although overall momentum remains moderate.
Chainlink [LINK] has demonstrated a bullish trend after surpassing a major descending trend line, hinting at the possibility of continued upward movement.
Currently priced at $12.79,, LINK experienced a 4.50% increase within the last day and has gained 9.73% over the past week. span > p >
With a circulating supply of 630 million LINK, its market capitalization stands at approximately $8.02 billion, complemented by a trading volume of $565.3 million over the past 24 hours. p >
Key resistance levels to monitor
The primary goal for LINK is to maintain upward momentum above the significant psychological threshold of $13.00 to preserve its uptrend./ p >
Potential Significance for Upside Advancement
A successful surge towards the $19.14 mark may serve as an indicator of more robust performance ahead—potentially aiming even higher than $20 if buy-side pressure remains strong./ ps
Such levels are critical indicators that may chart LINK’s short-term pricing trajectory.
– updated source.
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– source text updated.
Source: TradingView.
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For graphical representation:
but signalling is trending positively guidelines &macd indications graphical patterns suggest lower sessions could be encountering more temporary lull however current activity may reflect potential reversal waves tracking patterns indicating buying interest is observed slowly outgrowing overall average returns yet not crossing just adjacent
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