LINK Price Pull Back: Buy Opportunity or Bear Trap?

Chainlink (LINK) has seen a retracement to the $21-$20 range, aligning with Fibonacci support levels and moving averages. This presents potential buyers with an entry point before a continuation of the upward trend. Analysts are optimistic due to the bullish ascending triangle pattern observed since 2019, projecting a breakout exceeding $140 based on historical moves. Furthermore, Chainlink Reserve recently added over 43,000 LINK tokens, strengthening accumulation amid current market conditions.