Chainlink Signals Upside Break: Analyzing LINK’s Bullish Indicators
Chainlink’s LINK price is recovering from the $12.65 support. The price is gaining bullish momentum and might aim for a move above the $14.20 resistance. Chainlink price is showing bullish signs and eyeing more gains above $14.00 against the US dollar. The price is trading above the $13.50 level and the 100-hourly simple moving average. There was a break above a major bearish trend line with resistance near $13.60 on the hourly chart of the LINK/USD pair (data source from Kraken). The price could extend gains if it clears the $14.20 resistance zone. Chainlink Price Turns Green In the past....
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Chainlink (LINK) is flashing bearish signals as it forms a pennant pattern, hinting at a potential continuation of its downward trajectory. After struggling to gain bullish momentum, the price remains in consolidation, with sellers keeping a tight grip on the market. If this pattern plays out, LINK could be at risk of a steep drop, with key support levels facing increased pressure. Market sentiment appears cautious, as bulls attempt to hold the line against growing bearish momentum. A breakdown from this structure might accelerate losses, pushing LINK toward lower price zones. However, if....
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