Chainlink (LINK) Price Could Surge Over 100% Following Bullish Pattern Confirmation

Chainlink (LINK) is showing signs of a potential bullish reversal, according to a recent analysis shared on X by crypto analyst Satoshi Flipper. The analysis, posted recently, highlights a falling wedge pattern on LINK's daily price chart, suggesting a possible surge to $31 in the coming weeks. Currently, LINK is trading around $14, reflecting a 2% increase in the last 24 hours. A breakout above the upper trendline of the wedge could trigger a more than 100% price increase. Further supporting this outlook, data from Santiment indicates that over 640,000 LINK tokens have been moved off centralized exchanges in the past 24 hours, potentially reducing selling pressure. However, this outflow may be related to the unlock of 19 million LINK tokens on March 15.