LINK breaks out of three-month range as bulls dominate

LINK puts bulls in the driver's seat after breaking out of a range that lasted three months. Key support level: $18, key resistance level: $23. After a long period of consolidation, LINK finally broke above $17.6 as a key support level. With higher highs and clear bullish momentum, this cryptocurrency seems ready to move towards its next target of $23. During the breakout, volume surged and the momentum indicator turned bullish. Sellers seem to have disappeared from the charts and are nowhere to be found during the recent rally. The three-day MACD has formed a bullish crossover, which suggests a significant change in price action and suggests that this rally may just be getting started.LINK's bias is bullish. In the short term, LINK's price forecast is for bulls to dominate, with the most likely path to new highs, but it will be crucial to see how sellers react when the price reaches $23.