Chainlink’s LINK Token Faces Potential Breakout at $19.69

Chainlink (LINK), a decentralized oracle network, stands poised for a price breakout at the 50% retracement level of $19.69. This move comes on the heels of technical analysis suggesting a potential rally to the $22 price point if this key level is breached. The native token’s recent dip to $17.96 following FOMC volatility has fueled speculation, with analysts highlighting accumulation patterns despite a 15% drawdown in October.