🚨Chainlink Price to Break Out

Eyes $13..

Bullish Momentum Supported by Technical Analysis..

Chainlink has been among the best performers for the week, appreciating as it followed the broader market rally and breaking out above key resistance. The contracting Bollinger Bands promise a potential upside beyond the $13 level in October, while the converging MACD indicator favors the same approach to the positive zone. But first, Chainlink price,needs to overcome the resistance to advance further.

Chainlink has been doing exceptionally well lately, primarily due to several key network developments. Factors supporting LINK’s price upside bias have included the introduction of staking, scaling of its data Oracle network, and its latest addition, Secure Mint.

The Chainlink price was $11.17, down 1.34% in the last 24 hours but up over 5.3% in a week. The big question is: Could the upward move help this token burst past the pivotal resistance, falling at $13?

Technical analysis with indicators gives a sell signal for both short- and long-term Chainlink outlooks. However, that does not impede the coin from leaving about 53% green days in the last month of trading. Its price volatility in this period stands at about 5.75%.

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