Chainlink (LINK) price has been bearish for some days now, but this could be an opportunity for investors. World Of Charts has identified a buying opportunity in Chainlink (LINK), projecting a potential surge that could see the token rise by 150% from current levels.
Looking at LINK’s weekly chart against USDT, World Of Charts sees a significant technical development that’s catching the attention of investors. The token has broken free from a long-term descending triangle pattern, with the crucial $18-20 range emerging as a key level to watch.
“This is a great opportunity for those wanting to add a solid project for the midterm,” notes World Of Charts, emphasizing the strategic importance of the current price range.
What you'll learn 👉
LINK Price Path to New Heights
The breakout signals a potential end to the multi-year consolidation phase that has kept LINK’s price in check. According to World Of Charts’ analysis, the $18-20 zone isn’t just a random range – it represents a critical support level following the recent breakout, making it an attractive entry point for investors looking to position themselves for the anticipated rally.
Perhaps most intriguingly, World Of Charts projects a sharp movement toward the $50 level, representing a dramatic increase from current prices. This bold prediction isn’t without foundation – the analyst points to the completion of the long-term consolidation pattern and growing market momentum as key factors supporting this outlook.
Read Also: Top Analyst Explains Why Buying Turbo Could Be Better Than Dogwifhat
Why This Time Could Be Different
The conviction behind World Of Charts’ analysis stems from several factors. The breakout from the descending triangle formation carries significant technical weight, especially given its occurrence on the weekly timeframe. The analyst’s emphasis on LINK as a “solid project” also suggests confidence in the fundamental factors supporting this technical setup.
For investors following World Of Charts’ analysis, the message is clear: the $18-20 range presents what could be a prime opportunity to accumulate LINK before its next major move upward. However, as with any investment, maintaining vigilant monitoring of this support zone will be crucial for confirming the bullish scenario’s validity.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
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.
