Chainlink Builds Momentum as Bulls Eye a Surge Toward $30 Level
Chainlink shows renewed bullish momentum, targeting $20 resistance and potentially $30, drawing comparisons to its 2020 accumulation phase.Summary
Chainlink (LINK) is exhibiting renewed bullish momentum after breaking key moving averages, with analysts suggesting a strong rebound is imminent. Analyst CryptoPulse identifies $20 as the first major target, with a sustained breakout potentially leading to the $30 region, noting that buyers are regaining control near the $18 support zone. Furthermore, analyst D.I.Y Investing compares the current market structure to the 2020 accumulation cycle that preceded a major uptrend, suggesting LINK is completing a base formation before a potential V-shaped recovery. Technically, LINK is priced at $18.23, and a daily close above $19.00 would reinforce bullish control, making a move toward $20 and subsequently $30 more likely if accumulation concludes.
(Source：Brave New Coin)