Chainlink don surge from $17.50 to $26.34 amid bullish momentum
Chainlink price don rally well well for the past sessions, e climb from important resistances for $17.50 and $19.00 go reach multi-month high of $26.34. After dem clear one contracting triangle, LINK price dey trade pass im 50-day simple moving average (SMA), e mean say strong bullish momentum dey. The token first jump over 10%, then e extend the gains pass 15%, now e dey consolidate pass $24.00 zone. Technical indicators like relative strength index (RSI) and moving average convergence divergence (MACD) confirm say the upside potential still dey. Immediate support levels dey $23.80 (23.6% Fibonacci retracement), $20.90 (50% Fib) and trendline support near $19.50. If e fit close daily above $26.40 and $27.50 steady, e go clear road go targets $28.80 and $30.00, but if e no fit hold the support, e fit make the price fall go $18.00 and $16.50. Traders suppose watch make e close daily above $20.00 to confirm say the uptrend dey and dem go monitor these support and resistance levels for trading chances.
Bullish
Chainlink price movement dey show clear bullish trend, e break key resistance level dem for $17.50 and $19.00 before e rally go $26.34. E dey trade above 50-day SMA and positive signals from RSI and MACD dey support continued upward momentum. Di consolidation above $24.00 plus higher Fibonacci retracement support dem show say demand strong well. If e fit close steady above $27.50, e fit ignite more rallies go $30, while pullbacks to defined support zones give better chance to buy. Overall, dis technical moves mean say LINK get bullish outlook for short and long term.