LINK Could Explode to $17.685 as Breakout Pattern Emerges

From a technical perspective, we can observe the formation of a symmetrical triangle pattern on the daily chart for LINKUSDT . This specific chart pattern indicates the potential for a forthcoming price breakout. If the altcoin's price makes a strong upward move in the coming days, it might attempt to turn the resistance level at $14.825 into a level of support.

Subsequently, if the cryptocurrency manages to achieve a daily candle close above this resistance barrier, it could lead to a further ascent in LINK's price. In this optimistic scenario, LINK could potentially reach as high as $17.685 within the next few days.

However, it's essential to note that this bullish outlook could be invalidated if LINK fails to achieve a daily candle close above $14.825 in the next 72 hours. Consequently, there could be a risk of LINK's price dropping to as low as $12.610 in the short term.

Examining the daily Relative Strength Index (RSI) indicator reveals that bullish momentum is gaining strength on LINK's daily chart. As the RSI line continues to rise toward the RSI Simple Moving Average (SMA) line, it suggests the possibility of a significant bullish technical signal being activated. The potential crossing of these two lines could indicate a substantial shift in momentum in favor of the bulls.