LINK surges 13%, reclaiming $23 resistance amid bullish momentum.
Technical indicators suggest a potential rally, targeting the $40 resistance level.
Chainlink’s native token, LINK, has experienced a notable surge, reaching a 10-day high of $24.21. This upward movement represents an approximate 13% increase over the past 24 hours and a 43% boost in trading volume. Despite this recent uptick, LINK remains down 12% over the past month.
Technical analysis suggests a bullish trajectory for LINK, with the price reclaiming the $23 resistance level. The formation of a falling wedge pattern indicates a potential breakout and the consistent trend of higher lows supports a continuation of this upward movement. Key resistance levels are identified around $38.50 and $40, critical milestones for the cryptocurrency.
Moreover, the recent introduction of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) v1.5 upgrade is a significant development. This upgrade enhances cross-ch
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