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Chainlink breaks downtrend, targeting a long-term price of 55.39 USD

LINK breaks three-year downtrend: Chainlink (LINK) has broken free from a three-year falling wedge, establishing new support levels at 13.50 USD and 17.50 USD. This breakout reinforces a bullish trend, with LINK targeting a long-term price ceiling of 55.39 USD.

Strong momentum with significant trading volumes: Currently trading at 29.98 USD, LINK faces resistance near 30.32 USD, with an RSI of 67.73 indicating robust market momentum. Increased trading volumes since early December signal strong buyer interest, sustaining LINK’s upward Movement.

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