Chainlink (LINK) has successfully breached its upward triangular pattern. The Fibonacci retracement level at 0 indicates a pivotal price point of $17.32. Should Chainlink surpass this threshold, it is poised to approach its next resistance level around $20. Currently, Chainlink is undergoing a critical test of support at the 0.5 Fibonacci retracement level, a key juncture in its price trajectory.
This analysis is for informational purposes only and should not be considered as financial advice.