Chainlink LINK price has more room for upside in the run up to 'Economics 2.0' staking.
The speculations have helped LINK price rally in recent days. Notably, Chainlink price gained 35.50% eight days after bottoming out locally at around $5.50 — trading for as much as $7.50 on Nov. 29, its highest level in two weeks.A failed LINK price breakdown
LINK reclaimed its multi-week rising support trendline on Nov. 29, three weeks after losing it in the wake of the FTX-led market selloff.toward $4. It now trades inside the pattern's range, eyeing a rally toward the upper trendline near $9.40, up 25% from the current price levels, by the second week of December, as shown below.Michaël van de Poppe, market analyst and founder of Eight Global, also anticipates LINK to hit or cross above $9If I didn't have a long yet , then I'd be targeting for something like this in which I'd be looking at $9 area for a TP.
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