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TronWeekly

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Chainlink (LINK) Builds Momentum: Is LINK Ready to Break $20 Resistance?

  • Chainlink's RSI and MACD indicators reflect neutral momentum, suggesting equilibrium between buyers and sellers.
  • The long-term ascending triangle pattern indicates a potential breakout, with a statistical preference for upward movement.
  • LINK price closely follows its 20EMA and 50EMA, hinting at a build-up towards a potentially significant price swing.
  • Market sentiment around Chainlink is currently stagnant, awaiting signals from technical indicators for a potential bullish trend.

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