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LINK rallies by 30%, breaks out of a key resistance level to trade with the bulls

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The crypto market had quite an interesting week which started off with some uncertainty associated with market data. However, a mid-week rally ensued and LINK is among the cryptocurrencies that jumped on the bullish bandwagon.LINK kicked off the week with a bit of a bearish pullback before embarking on a strong rally.

Its price action experienced an uptick by as much as 31% from 27 July to its peak at $8.12 on 29 July. The rally allowed LINK to break out of a key resistance level that has been active since mid-June, where it has remained below since then.LINK’s latest price action also confirms strong demand in the market especially after breaking out of its long-term wedge pattern.

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