$LINK /USDT

🔸 Chainlink has consolidated strong support between $15.70–$16.10, aligned with Fibonacci levels, moving averages, and key demand zones. The recent bounce from this range reflects a consistent bullish structure, with higher lows supporting positive sentiment

🔹 If it breaks and closes several candles above $17.76–$17.85 (technical resistance, 20-day SMA, and upper Bollinger band), it is likely to trend towards:

🎯 $20.00–$21.00 as an immediate technical target, especially if it manages to confirm incoming volume and technical momentum

🔄 Extended target: $24–$28, driven by Fibonacci projections (161.8% extension towards $24.70 and 200% extension towards $28) and breakout technical patterns from an upward channel

⚠️ Warning: If it loses support below $15.70, it could retrace towards $14.00–$15.00, which would invalidate the current bullish setup and indicate greater selling pressure

✅ Should I buy now?

The most sensible approach would be to consider entering long if it holds above $16.00–$16.10, or wait for a possible retracement towards that zone before entering, assessing technical support.

📌 Current recommendation:

Action Condition to do it Target Stop-loss

✅ Buy Only if it breaks and confirms above $17.76–$17.85 with good volume $20.00–$21.00 $16.00

🔁 Wait If it retraces towards $15.70–$16.10 and maintains clear technical support $20.00–$21.00 (→ $24–$28) $15.00

🎯 Extended target: $24–$28, based on Fibonacci extensions and advanced technical patterns; some analyses even point to $42.50 in case of a solid recovery of the $20 level, intact upward channel, and confirmed double bottom structure.