Chainlink dey eye rally reach $40 after oversold bounce
Chainlink (LINK) don ginger bullish reversal afta e bounce back from extreme oversold zone. Analyst CryptoWzrd talk say, LINK and the LINK/BTC pair close day with bullish daily candles, wey mean market trend don change. Immediate upside target dey for $30 resistance level. If e push wella pass $30, e fit clear road to challenge big $40 barrier. For downside, key support level dey $20. Traders fit dey find intraday scalp setups for lower time frames as dem dey watch daily structures. Volatility from Jackson Hole Symposium talks don cause sharp swings. If price pull back below $26.50 then e reverse bullish, e fit be strong long entry. But if e no fit recover pass $26.50, price fit waka sideways tru weekend. Chainlink longer-term outlook go depend on fresh buying momentum and if e fit maintain daily bullish closes.
Bullish
CryptoWzrd analysis dey highlight clear change for Chainlink technical structure after oversold bounce. Di formation of consecutive bullish daily candles for LINK plus di LINK/BTC pair dey show sey buyer momentum dey grow. If e break pass di $30 resistance level, e go echo similar oversold recoveries wey happen earlier in 2023 wey dey usually lead extended rallies go higher targets like $40. Short term, intraday scalp opportunities dey show wen volatility spike, like how e happen around Jackson Hole Symposium signals. Long term sentiment still dey improve wen daily closes favor di bulls and key support for $20 still dey intact. If e fail hold pass $26.50 e fit trigger sideways consolidation, but di overall setup dey favor bullish continuation, wey sef align with past patterns wey LINK leverage oversold conditions to drive sustained uptrends.