Over the last three months, #Chainlink (LINK) has displayed significant volatility, primarily within a channel pattern.
Notably, $LINK witnessed a 15% surge in just five days, marked by consecutive bullish candles within the established channel.
Analysis of the daily chart shows an inverted Head and Shoulders pattern, suggesting buying opportunities and hinting at a potential recovery.
Currently, the LINK price on the daily chart is trading above key 20-50-100-200 Day MA, signaling a positive trend.
According to chainlink news, Chainlink price is actively contributing to Web3 innovation and collaborating with Protocol Labs. Moreover, it plays a vital role in automating Coinbase's Base.
The ongoing bull run suggests a potential breakout, with indications of surpassing the resistance trendline.
Speculation surrounds the possibility of a breakout leading to Link reaching $25, indicating a significant upside potential.
As per Coingabbar analysis, #Chainlink price prediction 2030 reaches $60, while Chainlink price prediction 2040 exceeds $150.
KEY LEVELS :
RESISTANCE LEVEL : $25.00-$40.00
SUPPORT LEVEL : $10.00-$5.00
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
