Chainlink Price Analysis: A 300% LINK Breakout Awaits After Multi-month Consolidation 


18 Sep 2023 8:17 AM

Captain Faibik has plotted a symmetrical macro triangle that is in the final stage before an imminent breakout. After several LINK price attempts to break...

  • Zameer is a financial analyst and writer with expertise in cryptocurrency markets.
  • Captain Faibik, a technical analyst, predicts a major breakout for Chainlink (LINK) after months of consolidation.
  • The Chainlink network has seen positive fundamentals and increased on-chain activity.
  • LINK price has increased by over 6% in the past 24 hours, trading around $6.59.
  • Captain Faibik expects LINK price to rally up to 309% after breaking out from the symmetrical macro triangle.
  • The bullish outlook could be invalidated if the price falls below $4.8.

The overall sentiment in the article is positive, with a focus on the potential rally and positive fundamentals of Chainlink (LINK).

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Who is Zameer and what is his expertise?What is Captain Faibik's analysis on Chainlink (LINK)?How has the Chainlink network performed recently?What is the expected price movement for LINK after the breakout?What could invalidate the bullish outlook for Chainlink (LINK)?

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