Chainlink Is Forming A Head-And-Shoulders Pattern – Confirmation Could Take LINK To $14

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Chainlink Is Forming A Head-And-Shoulders Pattern – Confirmation Could Take LINK To $14 - NewsBTC

Quick Summary:

Chainlink Price Action Showing Weakness Chainlink (LINK) has faced a challenging price environment since its drop from yearly highs, reflecting a broader bearish sentiment in the altcoin market.

Whether LINK can overcome the bearish sentiment or succumb to further downside will likely depend on broader market conditions and its ability to invalidate the bearish pattern.

Related Reading: Solana Sees Consistent Capital Inflows Since 2023 – Liquidity Influx Signals Growth Top analyst Ali Martinez provided a detailed technical analysis on X, highlighting a critical pattern that could dictate LINK’s next move.