Chainlink (LINK) is poised for a potential breakout, with its price consolidating within a bullish descending wedge pattern. Key points:

- LINK's breakout above $23.92 resistance could trigger a surge towards $30.
- On-chain metrics, such as growing active addresses and transaction counts, support a favorable outlook.
- Exchange reserves for LINK have declined, indicating reduced selling pressure.
- Market sentiment is increasingly optimistic, with Open Interest surging by 5.42% and liquidation data favoring a bullish bias.
- A breakout above $23.92 resistance is crucial for a sustained bullish run, potentially unlocking a rally to $30 or beyond

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