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VIP MARKET UPDATE: $LINK
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LINK is forming an ascending triangle pattern. This structure indicates growing buying pressure, suggesting that a breakout to the upside could be imminent. However, confirmation is key—a decisive close above resistance on strong volume would signal bullish momentum, potentially leading to an extended rally.
Conversely, a breakdown scenario may unfold if LINK fails to breach resistance and instead breaks below the ascending trendline. In this case, selling pressure could intensify, triggering a corrective move toward lower support zones.
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