02.05.202508:01 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Chainlink Cryptocurrency, Friday May 02, 2025.

With the appearance of the Bullish 123 pattern followed by the appearance of the Bullish Ross Hook which managed to break the previous downtrend line and the Stochastic Oscillator indicator which is also in a Crossing BUY condition so that based on this information in the next few days, the Chainlink cryptocurrency has the potential to strengthen upwards where the level of 15.98401 will try to be broken and close above it. If successful then Chainlink will continue its strengthening back to the level of 17.57177 as its main target and if the volatility and momentum of its strengthening support then the level of 19.61823 will be the next target to be aimed of, but if on its way to the target levels mentioned suddenly Chainlink corrects down weakening until it breaks through and closes below the level of 11.90707 then all the strengthening scenarios that have been described previously on this cryptocurrency will become invalid and canceled by themselves.

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