Chainlink (LINK) recently broke out of an 18-month range that extended from $5.16 to $11.87.
LINK may rise further, surpassing $12.23 and $17.79 resistance, or it could reverse and decline to $9.66 and $8.60.
Chainlink (LINK) has reached an 18-month consolidation phase, marking a significant breakout in its price movement. This extended period of range-bound trading saw LINK jump from $5.16 to $11.87, with a $8.15 resistance level.
On October 21st, LINK broke free from this consolidation pattern, breaching the resistance trendline and triggering a remarkable rally that propelled the coin to $11.87 range on October 31, displaying a 50% gain within a month.
What Chainlink (LINK) Next Target?
Despite the challenges posed by Bitcoin’s price dynamics, Chainlink’s price action showcases a bullish breakout from a falling channel, successfully reclaiming the key threshold of $10. With growing momentum in its trend, LINK’s value is approaching the overhead resistance trendline.
The optimi
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