Chainlink $13.54 (LINK) has recently become one of the remarkable assets in the wavy movements of the crypto money market. Global recovery signs and positive signals in the technical indicators increased volatility with sudden rise and decreases in the price of LINK. Although the price of token reached $ 14.36 with an increase of 6 %during the day, this level was short -lived and rapidly fell to $ 13.65. Market analysts continue to evaluate Chainlink’s potential price movements in an environment where uncertainty continues.
Technical indicators point to the rise potential
The symmetrical triangular formation in the Chainlink graph was an important indicator that attracted the attention of investors. This technical formation shows that price movements are stuck and a significant rise in the near future. Analysts say that the current price level is around $ 13.64 and that if the formation is completed, the price of LINK may be seriously up.
According to Ali Martinez, Technical Analysis, the output of the Chainlink price from the triangular formation may trigger an increase of approximately 35 %. This is considered a powerful signal that can carry the token’s price to $ 21 or more. Experts emphasize that the increase in transaction volume will play a critical role in the approval of the formation.
Global developments keep LINK investors cautious
General recovery observed in the crypto currency market led to short -term improvements in the price of LINK. However, investors closely follow global economic uncertainties, such as former US President Donald Trump’s statements about tariffs. Such international news flows cause instant fluctuations in the market and require investors to be more careful when taking positions.
Analysts also warn that the expected rise from the triangular formation may not be realized if the support levels are weakened. In such a scenario, they remind you that the price can follow a different course than expected and that precautions should be taken against sudden decreases.
Chainlink continues to attract market actors despite the volatility. The symmetrical triangular formation indicates that the price may increase by 35 %. It is recommended that investors closely follow global developments and technical indicators.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
