Chainlink Flashes Daily Buy Signal – Breakout Next?
Chainlink (LINK) is consolidating around $15, showing resilience amid a broader market rebound. The asset has risen over 50% from April lows, indicating building bullish momentum. Analysts are monitoring for a potential breakout, particularly as LINK approaches key resistance at $16. The SuperTrend indicator has flashed a buy signal on Chainlink’s daily chart, suggesting the possibility of a new bullish phase. A sustained move above $16 could trigger significant upside, especially if accompanied by a rally in other altcoins. However, high-risk macroeconomic conditions, including rising global tensions and trade disputes, add caution to the bullish outlook. Until a breakout occurs, LINK remains within its current range, with the risk of rejection still present.
