Chainlink Price Eyes Historic Break Above $9
Chainlink (LINK) is poised to break above $9 as its price structure and continuous buybacks point to a bullish reversal. According to Crypto With Gopal, an inverse head-and-shoulders pattern has developed on the chart, indicating growing confidence among traders that LINK may be preparing for a sustained recovery.
The current support zone between $8.00 and $8.10 is being defended by buyers, suggesting selling pressure is weakening. The structure reflects this growth in confidence, with the next level to consider being the neckline at $8.40-$8.50.
Once above that level, the price will be able to reach the target level of $9.00, with increased momentum and sustained buying helping strengthen the recovery and prepare LINK for an extended bullish move.