Chainlink price has formed another daily ascending parallel channel. A breakout above the crucial resistance level at $18 can quickly push LINK towards $25. The digital asset could face a short-term pullback before a breakout. Chainlink had a massive drop on December 23, 2020, from a high of $12.86 to a low of $8. However, bulls managed to buy the dip and pushed LINK towards $13.24 within the next week. The current price of the digital asset is $16.3. Chainlink price could hit $25 but might face a short-term correction Chainlink price is up 110% since the dip to $8 on December 23. LINK has established a new ascending parallel channel on the daily chart and it’s close to the upper trendline resistance level at $18. LINK/USD daily chart LINK has established and confirmed a daily uptrend and aims to crack the resistance point at $18. A breakout above this level can quickly drive Chainlink price towards $22 and eventually to the $25 price target. LINK IOMAP chart The In/Out of the Money Around Price (IOMAP) chart shows practically no resistance ahead in comparison to the support below, adding credence to the bullish outlook. LINK/USD 9-hour chart However, the TD Sequential indicator has just presented a green ‘8’ candle on the 9-hour chart, which should be followed by a sell signal. Confirmation of the call could push Chainlink price towards $13.27, which is a strong support level according to the IOMAP chart. 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 AUD/USD slips back under 0.7800 level as USD stages modest recovery FX Street 2 years Chainlink price has formed another daily ascending parallel channel. A breakout above the crucial resistance level at $18 can quickly push LINK towards $25. The digital asset could face a short-term pullback before a breakout. Chainlink had a massive drop on December 23, 2020, from a high of $12.86 to a low of $8. However, bulls managed to buy the dip and pushed LINK towards $13.24 within the next week. The current price of the digital asset is $16.3. Chainlink price could hit $25 but might face a short-term correction Chainlink price is up 110% since the dip to $8… 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.