Chainlink has broken free from a descending price pattern, flipping its crucial support between $14.50-$15.50 into a bullish signal for further gains. The token’s strong buying volume is now fueling a robust rally that could propel prices toward the $30 mark. 🧠
After bottoming out near $10.50 in April, Chainlink has witnessed a significant recovery. Now, analysts at World Of Charts are observing this breakout as a confirmation of a trend reversal, fueled by increased trading activity and volume.
The token recently cleared key resistance levels, creating a high-volume breakout that suggests a sustained uptrend.
Further price targets suggest a potential 100% rally from current levels. If Chainlink clears the $18.00 resistance zone, it will solidify this bullish outlook and potentially propel further price surges.