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Chainlink Holds $12 Support as Analysts Map Path to $20 Breakout

  • Chainlink remains above the $12 support level, indicating a potential move towards the $18 to $20 range, as highlighted by analysts.
  • Analysts note the significance of Fibonacci retracement levels, with the current price near the 0.5 retracement level, signaling potential resistance zones at $18 and $20.
  • Crypto commentator @CryptoJobs3 sets a long-term target of $100 for Chainlink, citing increasing momentum and strong fundamentals, contributing to growing optimism in the crypto community.
  • Despite recent volatility, traders are optimistic about Chainlink's potential, with continued support from technical levels and community sentiment. Maintaining stability above $12 could lead to a move towards $18 to $20, supported by technical signals and Fibonacci zones.

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