LINK is on the brink of confirming a bullish breakout with potential price movement above 18 USD. The positive sentiment arises from the ongoing convergence of traditional finance (TradFi) and decentralized finance (DeFi).
If LINK experiences a drop from 18 USD, its ability to sustain above the 20-day EMA would reflect strong buying pressure, suggesting further bullish momentum. A completed double-bottom pattern might target a price of 25.06 USD.
Despite the optimistic outlook, significant selling pressure around the 18 USD level may keep LINK fluctuating. If bearish trends persist, prices might decline to 14.70 USD or lower, indicating the volatile nature of the current market.
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