Chainlink Seems to Be Forming an Ascending Triangle, Analyst Says This Move Can Push LINK To This Level

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.

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.

Next Big Airdrop?

Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!

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:

Check $RECQ Meme Coin

Sponsored: Invest Responsibly, Do Your Own Research.
Serves as the base currency for all transactions within the Rebel Satoshi platform
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Sarah Wurfel
Sarah Wurfel

Sarah Wurfel works as a social media editor for CaptainAltcoin and specializes in the production of videos and video reports. She studied media and communication informatics. Sarah has been a big fan of the revolutionary potential of crypto currencies for years and accordingly also concentrated on the areas of IT security and cryptography in her studies.