Technical Analysis of Chainlink ($LINK): Imminent Breakout or Continued Sideways Movement?

  • Chainlink has been forming a descending triangle over the past few months and is approaching a potential breakout, although it has recently shown signs of exhaustion in its bullish momentum. LINK is trading at $15.317 after a 40% correction from $18 in May, touching $10.90 in June. Bitcoin's recent all-time high has renewed institutional interest.