A cryptocurrency expert shared an analysis of Chainlink's (LINK) price chart, suggesting a structure that could lead to significant growth.
Current Market Analysis for Chainlink
According to the expert, the current price of LINK is around $22, close to the Fibonacci level of 0.618 ($21.61). The forming symmetrical triangle and the possibility of testing the $16 level may signal for further growth.
Fibonacci Levels Strategy
The expert highlighted key Fibonacci levels from $1.17 (0) to $31.88 (0.786), as well as extension levels that mark potential areas for growth up to $100.
Price Predictions and Targets for LINK
A breakout through the $24 resistance level is expected to open pathways to other targets at $31.88 and $52.31, with a key level at $98 that is very close to $100.
The introduction of the LINK analysis shows that key levels and technical structures may indicate significant growth potential for the cryptocurrency, provided a series of conditions are met.
