Chainlink is currently displaying a bullish pattern, sparking interest among analysts and investors. The cryptocurrency has been in a consolidation phase for seven months, but a potential breakout could lead prices to reach all-time highs. Analyst Lucky predicts Chainlink may surge towards $15 once it breaks out of its current range.
Chainlink's recent price action has shown a mix of bearishness and consolidation. However, Lucky indicates that a reversal may be imminent. Identifying a falling wedge pattern, Lucky suggests this could herald a bullish reversal for Chainlink, with potential prices soaring to $15, $19, and $22 if the breakout materializes by October.
The current resistance at the 4-hour 200 moving average around $11.10 is a critical point for ongoing bullish momentum. Should Chainlink break this resistance, upward price movement could be maintained, while failure might result in a dip to $9.2. The approaching days are crucial for determining Chainlink's future direction.
