Chainlink hits 2023 price ceiling: Can bulls still benefit?

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Chainlink hits 2023 price ceiling: Can bulls still benefit?
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LINK recorded an impressive recovery as traction from CCIP spiked. But 2023's supply area could derail further upside.

entrant to adopt Chainlink’s CCIP to empower its ecosystem developers. LINK was up +35% in September but hit a key 2023 price ceiling.At press time, LINK was up 39%, measured using the Price Range tool, from the H12 bullish order block at $5.5 to the 2023 supply area of $8.80 – $8.03.

Similarly, the CMF hovered above the zero mark, suggesting LINK recorded significant capital inflows.

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