Chainlink ($LINK) continues to demonstrate bullish dynamics, remaining above long-term support despite recent price fluctuations.
Bullish Structure on Weekly Chart
A recent assessment from Bitcoinsensus highlighted a broadening wedge formation that stretches from late 2023 through 2026. In this context, $LINK is charting higher highs and lower lows across weekly candles.
Support of Long-Term Ascending Trendline
According to TradingView analysis, $LINK continues to respect a rising trendline that originated at $2.56, confirming a long-term bullish structure. The latest rebound from $12.05 maintains the sequence of higher lows, indicating an ongoing upward move.
Conclusion on Chainlink's Prospects
Considering the current trends and structures of $LINK, there are reasonable forecasts for a potential movement towards the resistance level at $48. Analysis shows that the long-term structure remains bullish, which may attract the attention of investors and analysts.
Chainlink shows positive indicators and maintains a high likelihood of further growth, confirming significant support levels and ascending trends.
