LINK’s price shows strength as it attempts a major breakout from its range channel of over 180 days of accumulation as the price eyes a rally to $12. LINK could rally more as the price creates more bullish bias by breaking out of its range channel, but the price has struggled to regain more strength as Bitcoin (BTC) ranges. LINK’s price remains strong on the daily timeframe above the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price action displayed by Chainlink (LINK) has yet to see much volatility, considering how huge the project is and with a vibrant community. With the staking of Chainlink (LINK) fast approaching, we could see some fireworks for the price of LINK, considering it has been in accumulation for over 6 months. The crypto market is looking increasingly welcoming as many altcoins continue producing over 50% gains. The likes of DOGE have seen some great runs recently, rallying from a low of $0.055 to a high of $0.15, with many others as Chainlink (LINK), eyeing a major breakout. (Data from Binance) Related Reading: Bitcoin Nearing Retest Of Realized Price, Will Bulls Break Resistance This Time? Chainlink (LINK) Price Analysis On The Weekly Chart. Chainlink (LINK) has struggled to regain its bullish momentum in recent times; despite the uncertainty that has befallen the crypto space, the price of LINK hasn’t enjoyed a measure of relief after showing some price acti...
