Chainlink (LINK) has confirmed a breakout from a falling-wedge pattern on its daily chart, signaling a potential upward trend shift. Analysts are targeting a short-term price range of $25–$26, with a longer-term projection of $46, contingent on the weekly ascending support line near $13 holding firm. The asset's structural strength is bolstered by institutional inflows through the new GLNK ETF and increased activity from large holders, suggesting a positive outlook for Chainlink's future performance.
Chainlink Breaks Out, Analysts Eye $46 Target Amid Structural Strength
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
