Chainlink is trying to break trough the resistance level. If it breaks it it can go sky high. LINKBTC looks very bullish in my opinion, so I think we will break it rather sooner than later.
If bitcoin finally corrects, LINK price would probably go down with it and stop at major support level marked on the chart, which had been tested few times now.
In any case, if we see a breakout immediately I'm bullish on link, if we see a correction we are forming a rising wedge and still have a bullish target.
Does the low volume concern you right now? Hoping to see a breakout
RejaA
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@responsibleHea38454, the volume isn't so low, although we seem to have bounced of 18$. We will just have to wait and see if we are going to try again sooner or later.
In my opinion breakout to the upside is inevitable.