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Chainlink Price Set to Break 3-Month Downtrend: How High Can LINK Go?

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62% Informative

Chainlink price surged 25% following its partnership with Sony ’s blockchain.

LINK price eyes 76% additional gains to break its 3-month downtrend.

LINK is down 6.1% for the day , which aligns with the general market downturn that sank the total crypto market cap by 2.6% , per CoinGecko data.

Futures traders have opened overwhelmingly large shorts on LINK, betting on it to drop.

The short-term outlook for LINK price is a 7% retracement to crucial support.