Chainlink (LINK) On-Chain Data Supports Breakout Above $17.41

Monday, 27 May 2024, 13:30

Chainlink (LINK) recently broke above the key level of $17.41 on the daily timeframe, revealing strong bullish momentum. This surge is driven by positive on-chain data, indicating potential further upside for the cryptocurrency.
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Chainlink (LINK) On-Chain Data Supports Breakout Above $17.41

Chainlink (LINK) Breaks Key Levels

Chainlink (LINK) recently shattered the resistance presented by the Ichimoku cloud's upper boundary at $17.41 on the daily timeframe, setting the stage for a bullish momentum.

Bullish Momentum Signals

This breakthrough demonstrates the strengthening of the bullish trend for Chainlink, supported by robust on-chain data.

  • Key Insight: The surge in price above the $17.41 level is a significant indicator of the positive sentiment surrounding Chainlink.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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