Crypto market analyst Ali highlighted in a recent post that if LINK sustains its position above $12.50, it could open […]
The post Chainlink Surges Above Key Support, Analyst Eyes $18 Target appeared first on Coindoo.
Crypto market analyst Ali highlighted in a recent post that if LINK sustains its position above $12.50, it could open the door for a strong rally toward the $18 mark, citing technical patterns from a multi-month ascending channel.
Currently trading at $14.28, LINK has gained nearly 3% in the last 24 hours and is up close to 4% over the past week, according to market data. The token also boasts a market capitalization of $9.68 billion with a 24-hour trading volume exceeding $500 million, signaling renewed interest from both retail and institutional participants.
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The bullish sentiment aligns with Chainlink’s broader positioning as a leading data infrastructure provider for real-world assets (RWA) and decentralized finance, which has seen increased attention in recent months. A breakout above the current levels may trigger a fresh wave of buying, especially as the token approaches mid-range resistance levels on the channel chart shared by the analyst.
While momentum appears to favor the bulls, market participants are advised to monitor for potential resistance around the $16–$18 range, as previous attempts to break higher earlier in the year met significant selling pressure.
The post Chainlink Surges Above Key Support, Analyst Eyes $18 Target appeared first on Coindoo.
Source: https://coindoo.com/market/chainlink-surges-above-key-support-analyst-eyes-18-target/
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