$CHAINLINK BULLISH BREAKOUT IN $PLAY – READY TO SURGE HIGHER!
Chainlink ($LINK
LINK
12.08
-1.14%
) is showing strong bullish momentum as price holds above key support levels and forms higher lows on the 4H chart.
The recent consolidation indicates accumulation, and a breakout above $7.50 could trigger a strong upward move toward the next resistance zones. Bulls are likely to dominate in the short term.
Trade Setup:
Long Entry: $7.52
Take Profit (TP): $8.10 / $8.50
Stop Loss (SL): $7.10
Market Outlook:
The altcoin sector is currently favoring high-quality Layer 1 and utility tokens. Chainlink’s fundamentals and network activity support further upside, while a strong support base reduces downside risk. Traders should watch for volume confirmation on the breakout.