LINK Soars 44% — Could This Be the Start of a Multi-Month Breakout?

LINK’s strong weekly and monthly gains, coupled with rising market enthusiasm, suggest the potential for an extended bullish phase. A clean break above $26.92 could open the path toward $33.57, while solid support at $13.61 offers a safety net for pullbacks. If investor confidence remains high, Chainlink could be entering a pivotal growth phase, setting the stage for a significant multi-month run.

Chainlink Soars: Significant Weekly and Monthly Price Gains Noted

Source: tradingview 

Chainlink (LINK) is currently trading between $17.84 and $24.49, showcasing impressive growth. Over the last week, LINK's price surged over 40%, and this past month saw gains close to 50%. The current market enthusiasm has brought the price closer to the resistance level of $26.92. If this bullish trend continues, LINK may soon target the second resistance level of $33.57, potentially rising further in percentage terms. As the crypto momentum builds, LINK enthusiasts are optimistic about its future growth. The current support level stands at $13.61, marking a base for potential pullbacks. Overall, LINK's recent movements suggest a bullish outlook fueled by strong investor interest.

Conclusion

LINK’s strong weekly and monthly gains, coupled with rising market enthusiasm, suggest the potential for an extended bullish phase. A clean break above $26.92 could open the path toward $33.57, while solid support at $13.61 offers a safety net for pullbacks. If investor confidence remains high, Chainlink could be entering a pivotal growth phase, setting the stage for a significant multi-month run.

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.