Chainlink's (LINK) Phenomenal Growth

Over the last two months, LINK has exhibited phenomenal growth. Since September 10, the asset has doubled in value, reaching a yearly high at the $11.8 mark.

Currently, LINK is trading within a wide sideways channel, supported at $10.5 and capped by resistance at $11.8. The asset's priority remains to maintain its positive trajectory and to progressively scale new heights. Since the token hasn't reached these levels in the last eighteen months, strong resistance levels will be established as it approaches them in real-time.

For buyers, the immediate targets could be the psychological threshold of $12 and then the $12.5 mark.

In the event of a downturn or correction, LINK could test support levels at $10.50-$10.70, $10.30, and $9.65-$9.90.