Analyst Says Chainlink Price Could Climb To $19 — Here’s How
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Chainlink's recent price struggles may soon end, according to crypto analyst Ali Martinez, who sees a bullish pattern on LINK's price chart. Martinez shared that the inverse head and shoulders pattern indicates a potential price surge to $19 if LINK can break a key resistance at $15.
Currently, Chainlink is priced slightly above $13.5, a 3.6% increase in the last 24 hours but a 3% decline over the past week. Despite this, Chainlink remains among the top 20 largest assets with a market cap exceeding $8.2 billion.
The inverse head and shoulders pattern is a significant indicator for trend reversals, suggesting a shift from bearish to bullish trends when the price breaks the neckline. A rise to $19 would be a welcome change for investors, marking a near 50% increase from the current price level.
Source: www.newsbtc.com ↗
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