Is LINK Ready For A Year-Long Breakout?LINK price action hints at a weekly channel breakout.
Channel formation has been active since last August.
Potential breakout rally could lead to a $12.75 price.
LINK price has increased by 22% in recent weeks.
Uptrend challenges the 50-week EMA.
LINK trades at $7.49 with a 7.43% growth in the last 24 hours.
Overall market sentiment is extremely bullish.
Daily chart shows a rounding bottom pattern.
Golden crossover chances are increasing.
RSI approaches the overbought boundary.
MACD and signal lines are in a positive trajectory.
A rejection at the trendline could lead to a downtrend to $5.66.