The post Chainlink Appears to Have Bottomed Out-A Breakout Above $8 is Imminent! appeared first on Coinpedia Fintech News
The crypto markets are consolidating again! After maintaining a brief upswing in the past few days, the markets have begun to consolidate, maintaining a descending trend. While the Bitcoin price has dropped below $31,000, it still continues to hold significant strength along with the other altcoins. Chainlink, specifically, which has been consolidating for quite some time, is believed to undergo a massive breakout in the coming days.
Chainlink’s price has been trading within a parallel channel for quite some time, and the recent drop dragged the price lower. However, it managed to trigger a strong rebound and re-enter the channel. The current trade set-up indicted the LINK price to be closer to a massive breakout and attain the interim resistance above $7.8 very soon.
The recent upswing enabled the price to break above the falling wedge and surge high to reach
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