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Showing posts with the label cup and handle pattern

Chainlink (LINK) Eyes $45: Here's When

The Chainlink (LINK) cryptocurrency has seen solid growth in the past month after a slow start to the year. The altcoin is up 7% since the beginning of April, joining other popular cryptocurrencies in the green during the same period. Chainlink is flashing strong signals of a further climb coming, with analysts suggesting LINK could eye a return to $45. Recent analyses show that LINK is forming bullish structures on various timeframes. Analysts suggest that important resistance levels may soon be tested, with upside targets being set at higher ranges, such as $40 and $45. LINK’s all-time high price is $52.88, a price not seen since 2021. Not only is a surge to $45 good for Chainlink investors, but it also opens the door to reclaiming that ATH price and even surpassing it. Chainlink’s price chart is showing a cup and handle pattern, a pattern commonly cited by analysts as a bullish signal. A cup and handle pattern appears mainly in market consolidation periods and projects fo...