26 ChainLink Price Analysis: Potential for a 280% GainChainLink ($LINK) has taken a significant hit, dropping -90% from its all-time high, but it seems to have found a solid bottom around the $5 mark. This has led to an interesting price movement, with the asset moving through phases of capturing both sell-side and buy-side liquidity. In simpler terms, big players in the market are entering and exiting their positions, creating important price levels for the next move. After a brief pullback, it looks like ChainLink is gearing up for a bullish push.What’s Happening with ChainLink?After a major decline, the price of ChainLink formed a bottom at $5, signaling that the downward pressure may have started to ease. The price then captured both sell-side and buy-side liquidity, showing that the market is in a transition phase. Following this, the price expanded upwards, but then retraced to test liquidity within a specific range. This is a normal process in price action, as the market often “tests” levels before continuing its move in the desired direction.Why the Bullish Outlook?Now that the price has tested its internal range liquidity (basically, the market’s comfort zone), it’s bounced back and is showing signs of readiness for an upward move. This indicates that ChainLink is preparing to capture more buy-side liquidity, which could push the price higher.What’s the Potential? If the bullish trend continues, the next major target for ChainLink is the all-time high of $52.88, which would mean a potential gain of +280% from current levels. This sets up a great opportunity for investors looking to enter the market now before the price potentially skyrockets.Key Levels to WatchFor those considering this bullish move, there are some important levels to monitor:$8 Level: A price close below $8 would invalidate this bullish setup, so it’s essential to keep an eye on this level for confirmation that the trend remains intact.Accumulate Now: With the price near these levels, now is a good time to start accumulating positions for the next potential rally. This could be the calm before the storm as the next bull run approaches.ConclusionChainLink’s price action is showing strong potential for a significant upside of +280%. After a solid rebound from the $5 level, the price looks poised to continue higher. If you’re already holding ChainLink, now is a good time to stay in the market and ride the potential wave. For those looking to enter, this current price range provides a favorable spot to accumulate and position yourself for what could be a major upward movement. Keep an eye on key support levels, and as always, stay flexible and ready for any changes in the market.Join Telegram: https://t.me/OfficialCryptoPatelFollow on X: https://x.com/CryptoPatel
