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Chainlink price prediction – Mapping LINK’s road to $30 on the charts

Chainlink is consolidating in a bullish trend, forming a descending wedge. Currently priced at 20.17 USD, a breakout above the resistance at 23.92 USD could lead to a rally towards 30 USD, contingent on market momentum.

Recent on-chain data shows an increase in active addresses by 0.86% and transaction counts by 0.88%, indicating heightened user engagement. This rising engagement is crucial for sustaining LINK’s potential upward Movement.

Market sentiment is strengthening as indicated by a 5.42% rise in open interest, reaching 724.59 million USD. This reflects increased trader confidence in LINK, suggesting a favorable outlook for future price movements.

This is community-generated content, not advice from ONUS.
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