Chainlink (LINK) has recently been the focus of traders after a strong rally pushed its value towards the coveted $20 mark. However, this level has proven to be a significant resistance point, as indicated by the recent price action. LINK has been unable to secure a stable position above this threshold, retreating to a current price of $18.46. This retreat reflects a moment of rebalancing in the market, with potential short-term profit opportunities for bearish traders. On the technical front, LINK’s breakout from a prolonged consolidation saw the price soar by 115%, piercing through the $16 resistance with confidence. However,…
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