LINK broke a long-term wedge, surging 52% to $21.54, with $24 and $28 as next major resistance targets.
Strong support at $10.50–$12.00 and $15.50–$16.80 underpins bullish market structure.
RSI above 70 signals strong momentum but risk of short-term pullbacks before further gains.
Chainlink’s price has surged to its highest level in seven months after holding the $15 support and breaking key resistance levels. The move followed the launch of its Treasury Strategy, which analysts say has helped maintain bullish momentum.
The asset surged past the $15.50–$16.80 resistance range, shifting attention toward $18–$20 breakout zone. Momentum indicators now show strong buying activity, though market conditions also suggest possible volatility in the short term.
Key Support and Resistance Zones
According to analyst Michael van de Poppe, LINK has consistently defended the $10.50–$12.00 support area over higher timeframes, forming a strong demand base. The break of the $15.50–$16.80 resistance zone started the upward move, with the $18–$20 range now acting as the main breakout region. A close above $20.50–$21.00 could lead toward $27–$28, based on the current technical pattern.
Breakout Confirmation and Market Outlook
World of Charts noted that LINK broke free from a descending wedge pattern that had persisted from April 2024 through July 2025. The breakout happened in late July, with price surging over 52% from around $14.12 to $21.54.
LINK/USDT 1-day price chart, Source: World of Charts on X
The retest of the breakout zone near $17.50–$18.00 held firm, supporting bullish sentiment. Immediate resistance is near $23.50–$24.00, with $28.00 remaining a long term target from previous cycle highs.
Indicators and Momentum Outlook
The RSI is above the 70 overbought level, showing strong momentum but hinting at potential short term pullbacks. Sustained closes above $21.50 could see price test $24 before aiming for $28.
However, failure to hold above $18 during retracements could see price revisit $15.50 or lower. However, both analysts agree that the current outlook, marked by higher lows and rising volume, favors continuation if resistance levels are cleared.
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