Chainlink (LINK) is trading near a key technical level, drawing attention from market watchers and traders.
A recent chart analysis shared by crypto analyst Michaël van de Poppe suggests that LINK/BTC is approaching a possible breakout zone.
In the meantime, the pair has been involved in a long trendline to the downside since August 2020, posting a fall of over 96%, from a peak measure around 0.0018 BTC down to lows below 0.00004647 BTC.
The chart shows multiple accumulation phases that failed to breakout over the past three years. Despite the downward pressure, Chainlink has seen price recoveries within these ranges.
Currently, LINK/BTC is consolidating just above its historical support zone. If the pair surpasses the 0.0004480 BTC resistance level, the next objectives are found at 0.0006721 and 0.0009750 BTC.
This would correspond to an increase on current levels from 409% to over 419%, according to the analysis.
Source: X
This potential breakout zone is being watch
We współpracy z: https://www.thecoinrepublic.com/2025/04/24/chainlink-set-for-419-explosion-major-breakout-zone-just-ahead/
