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Chainlink (LINK) Compresses Before Range Expansion
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Chainlink (LINK) continues to trade between its key moving averages, suggesting temporary equilibrium between supply and demand.
Such tight consolidation often precedes a larger move. A breakout above the 50-day SMA near $14.7 could send LINK toward $19, while a drop below the 20-day EMA may expose the pair to a deeper pullback toward strong support at $10.9.
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Price compression usually precedes strong moves—LINK looks ready for volatility.
