Chainlink Price Surges, Eyes $23.05 Resistance
Chainlink's price is surging, approaching the resistance level at $23.05. This move comes after the cryptocurrency's price significantly surpassed the critical support zone at $18, indicating a strong uptrend.
Financial analyst Crispus Nyaga predicts a new wave of buying after Chainlink bounces off the support level at $20.77. The next resistance is in the $28.98 range, and a break above this level could spark a continuous rally to the $35-$39 range.
Fibonacci extension levels suggest potential growth to $46.31. Currently, Chainlink is trading around $22.74, displaying bullish momentum on a lower time frame. Breaking through the $23.05 level could pave the way for a move into the $25-$26 range.
Chainlink's price is on the rise, with analysts predicting further growth. The cryptocurrency is expected to test the $23.05 resistance level soon, with potential for a significant rally if this level is broken.
