Chainlink (LINK) has demonstrated notable resilience by bouncing off a critical support level of $9.00. This level has historically served as both a support and resistance, underscoring its importance. The recent bounce suggests strong buyer interest, revealing a trend of defensive trading that led to a price surge from these levels.
The recent price movement for LINK reinforces a bullish outlook, with the possibility of achieving a $30 target. The surge following the support test indicates a positive market sentiment and the persistence of favorable trading conditions for LINK.
The technical analysis of LINK's chart suggests promising breakout potential, driven by a renewed interest among buyers at lower levels. The confluence of factors supporting this positive outlook may set the stage for further price appreciation in LINK's market value.
