Chainlink Crypto Consolidates Near $21 with Breakout Potential Toward $47
Chainlink (LINK) trades near $21.49, holding above the key $20 support as analysts eye targets up to $47. A breakout above $22 could confirm bullish momentum, while strong volume signals accumulation.
With a market capitalization of over $14.57 billion, ChainlinkLINK shows resilience, positioning itself for potential gains in the oracle sector despite short-term volatility.
Key Support Holds at $20
Chainlink is currently trading near $21.28, maintaining a critical support level around $20. Analyst Ali noted that defending this zone is crucial for sustaining bullish momentum and laying the groundwork for future gains. The structure shows that $20 serves as the pivotal line between renewed strength and potential retracement.
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