Chainlink (LINK) to Spike +50% Following Price Breakout: Lido Finance to Continue Rally if Key Resistance Breaks
Two tokens are catching the attention of market watchers: Chainlink (LINK) and Lido Finance (LDO). Recent technical analysis suggests both could be on the verge of substantial price increases, potentially offering lucrative opportunities for investors.
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Chainlink (LINK) Eyes 50% Surge Following Breakout
According to crypto analyst World Of Charts (@WorldOfCharts1), Chainlink has confirmed a price breakout that could propel the token toward its yearly high of $22. With LINK currently trading around $14, this projected move represents a potential gain of over 50%.
“$Link Breakout Has Already Confirmed As Expected Expecting Move Towards Yearly High 22$,” the analyst stated in a recent post.
This bullish prediction comes at a time when Chainlink has been gaining traction in the decentralized finance (DeFi) space. The platform’s oracle services, which provide real-world data to blockchain networks, have become increasingly vital for many DeFi protocols.
Lido Finance (LDO) Tests Crucial Resistance
Meanwhile, Lido Finance’s native token, LDO, is also showing promising signs of an impending rally. World Of Charts highlighted LDO’s resilience in the face of broader market volatility:
“$Ldo While Many #Alts Crashed #Ldo Gave Us 15%+ Profit So Far And Currently Testing Crucial Trendline Successful Breakout Can Lead Another Massive Bullish Rally Towards 4$”
With LDO currently trading at approximately $2.40, a breakout above the crucial trendline could potentially trigger a 60% surge, pushing the token towards the $4 mark.
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Show more +Lido Finance, a liquid staking solution provider, has gained prominence in the Ethereum ecosystem, particularly following the network’s transition to proof-of-stake. The platform allows users to stake their ETH while maintaining liquidity, a feature that has proven attractive to many investors.
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