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#TrendingCoinAnalyst #LINKUSD
The corrective waves turned out to be too deep, the exchange rate fell all the way down to $18, which is 61.8% Fibonacci, but due to the rapid reversal, the trend change was not fixed. The appearance of bullish engulfing allowed for a rapid rise to $27.2. There are 4 peaks, but they will not lead to a reversal, probably there will be an expanding uptrend, as indicated by the signal from the Vumanchu.
Ripple adopts the Chainlink standard to expand the utility of RLUSD and access DeFi.
Earlier, well-known analyst Jelle shared X technical analysis, according to which Chainlink overturned a key resistance level into support. Such a structural shift often precedes significant growth.
Third-party analysts: on the chart, a breakout of the $26 level is expected after a downtrend, with potential movement towards $30. Their forecast is also based on indicators: Awesome Oscillator (AO), indicating an increase in buyer strength, and Chaikin Money Flow (CMF), indicating an influx of funds.
Trader Ali Martinez predicts the growth of Chainlink.