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Chainlink (LINK) is currently trading within a tight consolidation range after a recent pullback. Despite the slower momentum, the market structure suggests that LINK may be preparing for another upward move. The token continues to maintain its position as a core infrastructure asset in the blockchain ecosystem, powering reliable data feeds across multiple networks. This strong fundamental role provides underlying support even during periods of price stagnation. ▪️Technical Outlook Right now, LINK is holding steady around the mid-$15 region. The price has been repeatedly testing support without breaking lower, indicating that buyers are quietly accumulating. The most important level to watch on the upside is around $16.80. If LINK can break and close above this zone with convincing volume, the door opens for a move into the $18–$19 region. This potential move represents approximately a 17–25% upside from current levels. The consolidation we are seeing now could be the market gathering energy for that attempt. A well-formed base often precedes sustainable breakouts. ▪️Key Levels 1. Resistance: ~$16.80 2. Target Range: $18.00 – $19.30 3. Critical Support: ~$14.30 A drop below $14.30 would weaken the bullish setup and could lead to a deeper correction. However, as long as this level holds, the recovery scenario remains valid. ▪️Conclusion Chainlink is in a quiet phase, but the underlying structure favors a potential breakout. The fundamentals remain strong, and technicals suggest that a recovery toward $18–$19 is achievable if bullish pressure returns. Traders should monitor volume and the $16.80 breakout level closely. This is a moment of patience and positioning — not panic. $LINK

$LINK LINK has declined from a high of $27 in August to a current level around $15.75. Technical analysis indicates the potential for further downward movement. On the daily chart, two bearish patterns have been identified. A death cross formation occurred on November 6, and the price has also formed what is described as an inverse cup-and-handle pattern. If this pattern is confirmed by a drop below the $10 support level, some analysis points to a potential price target of $8.50. The weekly chart suggests a similar outlook, with the token forming a large head-and-shoulders pattern. A sustained break below its neckline could indicate a further bearish move, with a projected target around $8, which aligns with the daily chart's forecast.

2 New Addresses Withdrawn 957,000 $LINK from #Binance 9 hours ago