Breakout Alert! Chainlink (LINK) On Verge Of Major Surge, Analyst Says

After a period of consolidation, Chainlink (LINK), the oracle network powering decentralized applications (dApps), is exhibiting signs of a potential breakout. This bullish sentiment comes amidst a broader recovery in the cryptocurrency market, with Bitcoin regaining its footing above the crucial $65,000 support level.

Technical Indicators Look Verdant

Renowned crypto analyst Jonathan Carter is among those betting big on LINK’s future. Chainlink’s price structure is forming a bullish pattern, Carter remarked, pointing to the token’s recent rebound from the middle line of a descending channel.

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ChainLink is showing a bullish structure by bouncing off the middle line of a descending channel