Chainlink (LINK) Price Appears Ready for ‘Final Run of This Cycle’ as Support Holds: New Target Revealed
Chainlink’s price action is showing strong bullish momentum, according to prominent crypto analyst World Of Charts, who sees LINK preparing for what could be its final and most explosive run of the current market cycle.
What you'll learn 👉
LINK Technical Analysis Shows Breakout from Long-Term Pattern
After consolidating within a symmetrical triangle pattern since 2021, LINK has finally broken out decisively above the upper boundary. World Of Charts notes that the cryptocurrency has successfully bounced back after hitting their predicted buying zone, suggesting strong demand at current levels.
The recent price action is particularly significant as LINK has managed to overcome the key $20 resistance level, which has now flipped to become support. This technical development adds credibility to World Of Charts’ bullish outlook for the asset.
Chainlink Price Targets and Cycle Analysis
Looking at potential price targets, the symmetrical triangle breakout pattern suggests the price of LINK could reach around $80 in this next major move. World Of Charts emphasizes that this appears to be setting up for the “final run of this cycle,” with momentum pointing toward new all-time highs.
“Seems like LINK is finally ready for the final run of this cycle, send it towards new ATH,” World Of Charts shared with their followers, highlighting the potential for significant upside in the near term.
Read Also: Worldcoin (WLD) Price Ready for Double-Digit Rally as Key Support Holds, But There’s a Catch
The combination of technical factors, including the clean breakout from the long-term consolidation pattern and strong bounce from support, provides a compelling case for LINK’s continued upward trajectory.
As the market watches this development, all eyes are on whether LINK can indeed achieve the ambitious targets set by World Of Charts in what could be the culminating move of this market cycle.
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.
