The resistance level at around $27 could be decisive as a break above this level could confirm a bullish breakout for Chainlink.
The resistance level at around $27 could be decisive, as a break above this level could confirm a bullish breakout for Chainlink.The pattern indicated that buyers were more aggressive than sellers, as they’re willing to buy at higher prices with each LINK dip.
A successful breakout above the resistance line of the triangle pattern could project a price target around $33, as measured by the height of the triangle added to the breakout point. This total number of outstanding derivative contracts that have not been settled, saw a marked increase. This increase in sell orders could suggest that traders were either taking profits after recent price increases or possibly anticipating a downturn.
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