Chainlink Price Prediction: LINK, the native cryptocurrency of the Chainlink oracle network, has lagged behind the broader market’s recent recovery trend. On Monday, the coin price showcased a failed breakout from a notable resistance of $20.8, reflecting the sellers continuing to defend the higher levels. Over the week, the Chainlink price tumbled 7.7% to currently exchange hands at $19.8. Will Bitcoin price potential breakout from $70000 push LINK coin back to a recovery trend?
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A Cup and Handle Pattern Signals Major Uptrend
Chainlink Price Prediction| Tradingview
An analysis of the daily time frame chart shows the Chainlink price developed a well-known bullish cup and handle pattern amid the recent recovery trend. The reversal pattern signals a smooth transition from a downtrend to an uptrend displayed by a U-shaped recovery.
On February 2nd, the coin price gave a bullish breakout fro
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