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