In the continuous havingahardtime cryptocurrency market, a popular crypto specialist shares a bullish outlook for Chainlink (LINK) and recommends that LINK might quickly skyrocket in the coming days.
Chainlink (LINK) Price Prediction
In a post on X (Previously Twitter), the professional keptinmind that LINK might break out from the rising triangle in the next 1 to 2 weeks. Additionally, he evenmore keptinmind that LINK has the prospective to reach $18 if the breakout effectively happens.
LINK Technical Analysis and Upcoming Level
According to professional technical analysis, LINK hasactually been forming an rising triangle cost action pattern because the start of August 2024, and now the rate is moving gradually within a narrow variety. However, looking at the LINK everyday chart, it appears that the property requires more time for the maturation of this pattern.
Despite this, if LINK breaks this resistance level or the neckline of the rising triangle and closes a day-to-day candlelight above $13, there is a strong possibility it might skyrocket by 15% to reach the $15.5 level atfirst, and lateron $18 if the belief stays thesame.
Current Price Momentum
As of now, LINK is trading near $11.07 and has skilled a cost rise of over 4.5% in the past 24 hours. During the verysame duration, its trading volume increased by 5%, recommending growing involvement from financiers and traders compared to the previous days.