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Crypto

Chainlink Price Hits $12 Resistance Point, Eyes $15 Target

Guavy AI Editorial Team
Instruments
LINK
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Chainlink's price has reached a technical resistance point at $12. The cryptocurrency's price has been increasing, reaching $11.72 after a boost in trading.

The technical analysis of Chainlink shows a double-bottom structure, indicating potential further growth. This trend may lead to the target of $15, as some market participants are predicting.

Grayscale's GLNK ETF recently purchased 132,950 additional tokens of LINK. The current market focus is on breaking through the $12 barrier and new institutional investments in Chainlink.

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