Strengthening Liquidity Boosts Chainlink's Launch: A Liquidity Grab Enhances a Bullish Perspective
In the world of crypto, Chainlink (LINK) is making waves as it gears up for a potential major move. A Market Structure Shift (MSS) has shown a clean bullish order flow in LINK's price action, indicating a significant shift in market sentiment.
Recent price action has seen a liquidity sweep just below last week's low at $22.229, trapping late short sellers. This event has forced the trapped shorts to cover their positions, further adding buying pressure to the market. The price has respectfully adhered to the Orderflow Block, confirming the demand strength.
Respected crypto analyst, More Crypto Online, recently provided an update on Chainlink. According to the update, Chainlink is testing a critical micro-resistance level. The cryptocurrency researcher who currently analyses the uptrend of Chainlink and highlights the corresponding positive impact on the breakthrough of the resistance at $25 is Michael van de Poppe.
The bullish picture could lead to Chainlink confirming its breakout, positioning itself for a potential strong move higher. The analyst, Crypto Patel, also highlights a bullish breakout for Chainlink (LINK). The risk-to-reward ratio looks highly attractive, with the option of placing tight stops.
The key factors create a compelling case for LINK's next bullish leg. The price increase in momentum suggests that buyers are gaining control, supported by several technical factors. This micro-resistance level is considered a short-term hurdle for Chainlink (LINK).
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In conclusion, the bullish signals aligning for Chainlink (LINK) could indicate a promising future for the cryptocurrency. The way Chainlink's price reacts at this level could influence its next major move. Keep a close eye on this cryptocurrency as it positions itself for a potential strong move higher.
