Chainlink (LINK) has seen a significant bullish trend in recent days. With a 6% increase in 24 hours, LINK's price could continue to rise if technical signals remain favourable. Explore the future outlook for this cryptocurrency.
Over the past few days, Chainlink (LINK) has displayed a notable bullish momentum, with a 6% increase in 24 hours. This trend could continue if technical indicators and price structure remain favorable. Solid fundamentals, growing demand, and the recapture of critical levels are creating an environment conducive to a significant extension of LINK’s upward movement.
After bouncing off a major support at $9.49, Chainlink has maintained a bullish trend for several days. The recapture of the low value area and the point of control (POC) has laid the foundation for this rise, propelling LINK into an aggressive bullish rotation.
The price now sits above the high value area but faces major resistance at $24.88. The ability to break through this level could pave the way for a much larger movement toward higher targets.
LINK’s profile shows bullish inflows during price advances, reflecting strong market participation and strengthening the probability of a sustainable bullish movement.
If LINK maintains above $24.88, the next technical target is $33.75, potentially triggering a bullish continuation. If it fails, a test of the POC or the low area remains possible, but the general trend remains bullish.
With favorable technical signals, LINK could extend its rally, targeting $30 and beyond. Savvy investors should closely monitor price developments.
LINK could extend its rally, targeting $30 and higher. Here’s a guide to take advantage of this unique opportunity on Bitget :
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