Chainlink Eyes $20 Breakout after Holding Support at $17.5

Chainlink (LINK) has shown renewed bullish strength, breaking its short-term bearish trendline and reclaiming the crucial support level of $17.50. If buyers maintain strength and confirm a breakout move soon, LINK price could rise towards the next resistance at $20. Analysts closely watch this critical decision point as a potential shift in market sentiment is brewing. 📊 📈 📍 The recent breakthrough suggests a possible shift from bearish to bullish momentum, but confirmation of a sustained close above $17.50 will be crucial before a significant price surge occurs. If LINK breaks through the resistance zone and closes above this level, it could signal a strong recovery towards its next resistance target of $20.