Chainlink’s $20 Comeback: Why Traders Are Eyeing LINK Before the Next Surge

Chainlink is staging a potential rebound, and traders are taking notice. With renewed momentum building and the $20 level back in focus, LINK is emerging as a top contender for a breakout. This article dives into the technical setup, market sentiment, and what’s fueling renewed optimism around Chainlink and its role in the next crypto upswing.

Chainlink Eyes Recovery: Room for Growth Despite Recent Dip   

Source: tradingview 

Chainlink's (LINK) price hovers between $12.13 and $14.58. This range reflects a struggle but also a chance for recovery. With a recent dip of about 2% in a week, the coin faces resistance around $15, and support at $10.55. If it breaks past $15, it could aim for $17.89, pushing over 20% from current levels. Despite a 40% drop over six months, Chainlink's momentum indicators, like the RSI and Stochastic, signal potential upside. If investors gain confidence, LINK might climb steadily towards its next targets.

Conclusion

Though Chainlink has seen its share of setbacks, current indicators suggest it may be gearing up for a meaningful recovery. A breakout above $15 could open the door to further gains, especially if broader market sentiment turns bullish. With traders watching closely, LINK’s comeback story could soon shift from speculation to reality.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.