![Chainlink Builds Solid Demand Between $14.8 And $15.2, LINK Could Hit This Price Level With The Lack Of Resistance](https://captainaltcoin.com/wp-content/uploads/2023/10/Copy-of-P2P-Review-18-2.png)
Chainlink (LINK) has been a standout performer, witnessing a remarkable 263% surge from its June low of $4+. Currently hovering around the $14 mark, LINK faces notable resistance, reflecting the intense activity in this price range.
A keen observation of the weekly charts reveals a compelling pattern: the formation of a bullish ascending triangle seen by crypto trader David.
![](https://captainaltcoin.com/wp-content/uploads/2023/12/image-497-1024x583.png)
Despite the ongoing market fluctuations, this pattern suggests a potential breakout that could propel LINK to $28 or even higher, in his opinion. Such technical formations often serve as bullish indicators, signaling upward price momentum.
Investors and enthusiasts are advised to filter out the short-term market noise and focus on the broader trend indicated by this ascending triangle. This strategic perspective becomes crucial when navigating the crypto landscape, allowing for a clearer assessment of the underlying bullish sentiment.
Doge2014 raises 300K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +In conclusion, the $16 resistance is a critical battleground for Chainlink, and the formation of the ascending triangle paints an optimistic picture. A successful breakout could usher in a new phase for LINK, setting the stage for a potential ascent to $28 or beyond.
You may also be interested in:
- Bitcoin Correction Coming According to Experts, BTC Price Could Plunge +30% to Key Support Levels
- Shiba Inu (SHIB) Price to Spike Over 30% If This Crucial Support Holds
- Coinbase Lists $BONK Token — New Pump Incoming or Is This Memecoin Presale a Better Bet?
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.