Chainlink [LINK] has captured the crypto community's attention since it started consolidating within a large symmetrical triangle pattern...
has captured the crypto community’s attention since it started consolidating within a large symmetrical triangle pattern on the daily chart. This formation, often a sign of upcoming volatility, has LINK closing in on its triangle resistance at around $13.01. This critical level, if breached, could unlock bullish momentum, fueling LINK’s next rally.
Additionally, the Stochastic RSI, which sat at 64.21, highlighted rising buying pressure while remaining below overbought territory.Additionally, on-chain metrics offered supportive data, showing a steady hike in network activity that aligned with potential upward momentum. Active addresses grew by 1.03% over the past 24 hours. Such a hike in user engagement often correlates with price strength, as increased activity often reflects heightened interest in LINK.
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