Chainlink's Price Breakout Fuels Hope for $20 Target

Chainlink (LINK) has been showing renewed bullish momentum as buyers defend its price breakout structure and resistance comes into focus.

The LINK price has surged by 4.78% over the last 24 hours to $12.32, with a 24-hour trading volume of $360 million and a market capitalization of $9.2 billion.

Analyst Investor Jordan expects LINK to continue consolidating over the next few days before attempting a decisive breakout above $12.

If the LINK price clears $12 with sustained buying pressure, the analyst believes the cryptocurrency could accelerate toward $15 and even $20.