Chainlink price rose for three consecutive weeks and is slowly nearing the key resistance at $31 as it ecosystem growth and demand accelerate. LINK token was trading at $25 today, up by 135% from its lowest level in July. This article conducts a technical analysis and explains the key level to watch.

Chainlink price technical analysis

The daily chart shows that the LINK price has been steady in the past few weeks. This surge happened after it formed the highly bullish double-bottom pattern at $10">Copy link