The daily chart suggests further LINK gains in the weeks ahead. LINK has broken above the crucial resistance level at $22.87, its March 2024 high, and the upper boundary of the cup and handle pattern.
Chainlink has also moved above the upper side of both the falling wedge and the bullish flag chart patterns, both of which are highly bullish indicators. Based on the C&H pattern, the coin is likely to target $37. The profit target for this pattern is calculated by measuring the depth of the cup and projecting the same distance upward from the breakout point.