Chainlink (LINK) is currently experiencing a bullish trend, as noted on November 8, 2024, with many cryptocurrencies on the verge of a breakout. LINK has formed a strong bullish price action pattern suggesting a potential breakout.
Traders are particularly focusing on the $15 price level, which is seen as a key resistance point for LINK. If LINK manages to break above this level, it could signify a stronger upward trend for the cryptocurrency.
Technical analysis indicates that LINK is poised to test higher levels, with the potential to retest the $17 mark if the bullish momentum continues. This aligns with the overall positive sentiment in the cryptocurrency market.
