Chainlink Breakout!
After a long, long time LINKUSD has broke out of its $5 - $9 sideways consolidation.
This has been over 500 days! Quite the achievement! It's hard to stay patient but if you trust in the future of your investment you don't need to check it all the time and those days fly by.
Going forward (depending on BTC), LINK has built a strong foundation for itself and it's unlikely for LINKUSD to ever dip below $5 again. With the Bitcoin halving approaching in April 2024 there is potential of a sustained bull run where LINKUSD has a massive support advantage against other alt-coins. With it's current market cap, the capability of LINK is enormous.
However, fear remains among the U.S economy and markets (of a recession) as well as lingering in the crypto space from the recent long bear market and ongoing distrust. That being said, we are currently riding a short-term high and if BTCUSD were to fall, LINKUSD will go right back down with it to retest our strong support range.
Lastly a reminder: Chainlink has one of the strongest and trusted teams in the cryptocurrency space and has always been a favorite of outside the sphere interest. We must not get ahead of ourselves, but I remain long term BULLISH on LINKUSD and I'm excited for the future to come!
This has been over 500 days! Quite the achievement! It's hard to stay patient but if you trust in the future of your investment you don't need to check it all the time and those days fly by.
Going forward (depending on BTC), LINK has built a strong foundation for itself and it's unlikely for LINKUSD to ever dip below $5 again. With the Bitcoin halving approaching in April 2024 there is potential of a sustained bull run where LINKUSD has a massive support advantage against other alt-coins. With it's current market cap, the capability of LINK is enormous.
However, fear remains among the U.S economy and markets (of a recession) as well as lingering in the crypto space from the recent long bear market and ongoing distrust. That being said, we are currently riding a short-term high and if BTCUSD were to fall, LINKUSD will go right back down with it to retest our strong support range.
Lastly a reminder: Chainlink has one of the strongest and trusted teams in the cryptocurrency space and has always been a favorite of outside the sphere interest. We must not get ahead of ourselves, but I remain long term BULLISH on LINKUSD and I'm excited for the future to come!
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