Technical Analysis Shows Bullish Signs for Chainlink, Frax Share and Ethereum, With Potential for Big Price Gains
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Chainlink (LINK) price broke out from a long-term descending resistance trendline, indicating a potential 100% price increase.
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Frax Share (FXS) price broke out from a 730-day descending resistance after bullish RSI divergence, targeting 100% gain.
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Ethereum (ETH) generated a rare weekly bullish RSI divergence, which previously marked trend reversals, eyeing 50% breakout.
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Despite bullish price predictions, failure to break key resistance levels could trigger significant drops for LINK, FXS and ETH.
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The technical analysis shows bullish signs for the three altcoins, suggesting potential to outperform Bitcoin (BTC) in February.