The post Chainlink (LINK) Analysis, Traders Eyes on $15 appeared first on Coinpedia Fintech News
It appears that the bull market has officially begun, as the majority of cryptocurrencies are on the verge of a breakout. Today, on November 8, 2024, Chainlink (LINK) looks bullish, having formed a bullish price action pattern and being on the verge of a breakout.
Chainlink (LINK) Technical Analysis and Key Levels
On a daily time frame, LINK has formed a bullish ascending triangle price action pattern and is on the verge of a breakout. Based on recent price action and historical momentum, if LINK price rises and closes a daily candle above the $13.10 level, there is a strong possibility it could soar by 18% to reach the $15 level in the coming day.
Source: Trading View
As of now, LINK is trading above the 200 Exponential Moving Average (EMA) on the daily time frame, indicating an uptrend. Traders and investors use the 200 EMA as a technical indicator to determine whether an a
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