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Chainlink (LINK) Poised for Breakout—Is $40.70 Next?

  • A rising wedge pattern and bounce off the $13.55 Fibonacci level suggest that Chainlink (LINK) could break out towards $25.80, $32.66, and potentially $40.70.
  • The $13.50-$15.50 range is seen as an optimal entry point, with bullish sentiment if key resistance levels are surpassed.
  • Market experts have set price targets at $25.80, $32.66, and $40.70, signaling a potential bullish phase for LINK.
  • The broader market sentiment towards Chainlink remains cautiously optimistic, with forecasts predicting significant growth if technical resistance barriers are overcome.

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