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Chainlink (LINK) accumulation hints at big breakout; check forecast

  • Chainlink's LINK is up 4% in the last 24 hours, trading at $14 and is showing signs of a potential breakout towards $17 after weeks of accumulation around $13.
  • The cryptocurrency market is on an upward trend, with Bitcoin above $109k and Ether crossing $2,600. LINK is among the top performers and is poised to rally higher.
  • LINK has been accumulating between $12 and $14 despite recent positive developments, indicating a potential breakout. Analysts expect LINK to reach $17 soon.
  • LINK's technical indicators are bullish, with RSI at 64 showing buying pressure. The coin could test resistance levels at $15.7 and $17.9, with strong support at $12.6.

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