Chainlink price remains contained inside a broadening wedge pattern on the 12-hour chart. The digital asset has defended a key support level and aims for a significant upswing. Various indicators show that LINK faces weak resistance ahead. Chainlink price has been trading inside an uptrend on the 12-hour chart since February 26 and aims for a significant leg up as it faces weak resistance above its current price. Chainlink price is primed for a 40% upswing On the 12-hour chart, Chainlink remains bounded inside an ascending broadening wedge pattern. The 100-SMA support level was held in the past 24 hours as bulls aim for a breakout above $32 towards new all-time highs. LINK/USD 12-hour chart The long-term price target is located at $43, which is the upper trendline of the pattern. The In/Out of the Money Around Price (IOMAP) chart shows almost no significant barriers above $31. LINK IOMAP chart On the way down, Chainlink has a ton of support between $29.5 and $27.7 with 82 million LINK in trading volume. However, losing this key support area will represent a breakdown of the ascending wedge pattern and a potential 40% fall towards $16. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EUR/USD meanders around 1.1900 as focus shifts to Thursday’s ECB meeting FX Street 1 year Chainlink price remains contained inside a broadening wedge pattern on the 12-hour chart. The digital asset has defended a key support level and aims for a significant upswing. Various indicators show that LINK faces weak resistance ahead. Chainlink price has been trading inside an uptrend on the 12-hour chart since February 26 and aims for a significant leg up as it faces weak resistance above its current price. Chainlink price is primed for a 40% upswing On the 12-hour chart, Chainlink remains bounded inside an ascending broadening wedge pattern. The 100-SMA support level was held in the past 24… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.