Chainlink (LINK) is currently trading at $16.67, showing a gain of over 1.5% in the last 24 hours with strong bullish momentum.
The price of LINK is following an ascending channel, indicating sustained buyer interest and a potential breakout above $17.80, targeting $20.00, $22.50, and $24.00.
Key support lies at $15.80, and dips within the channel may present buying opportunities.
Overall, Chainlink shows signs of bullish momentum supported by the interest in decentralized oracle solutions and positive market sentiment, with a focus on breaking above $17.80 for further upside potential.