Chainlink experienced a 5% increase, but its breakout attempt was hindered by resistance at $16.50. The cryptocurrency’s recent price movements suggest volatility as it approaches this critical threshold. Market participants are closely monitoring the asset for any signs of a sustained breakout. However, the resistance level has proven challenging, causing traders to reassess their positions. Analysts indicate that further movements beyond this point are essential for Chainlink to establish a more bullish trend.
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