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Chainlink LINK Bullish Momentum Builds: Elliott Wave Analysis Points to $16.60 Target

Chainlink LINK Bullish Momentum Builds: Elliott Wave Analysis Points to $16.60 Target

Author:

Global Cryptocurrency

Published:

2025-12-29 15:04:09

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Chainlink LINK News -

Chainlink's LINK token is gaining traction with a 1.08% rise over the past 24 hours, trading NEAR $12.55 amid strong buying interest. Trading volume surged 68.69% to $397.35 million, while market capitalization edged up 0.98% to $8.88 billion.

Crypto analyst @Morecryptoonl highlights a bullish Elliott Wave structure, with LINK rebounding from a key demand zone between $12.11 and $11.84. The completion of Waves 1 and 2 suggests an impulsive Wave 3 is now underway, targeting $16.60. Maintaining price above the $12.40-$12.10 support zone is critical for the uptrend to continue; a drop below $11.80 could invalidate the pattern.

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