🔹 Chainlink ($LINK ) – Breaking Out Above $23 🔹

📍 Current Setup:

Breakout confirmed above $23 — key resistance and top of prior 5-wave move from June 2023 low.

Momentum suggests we could be in a larger 3rd wave rally.

No meaningful pullback yet — upside momentum still strong.

📊 Key Levels to Watch:

Immediate Supports:

$25.12 → pivot level; holding above increases chance of direct continuation.

$20.90 → break below here signals possible top of Wave 1.

Upside Targets:

$31 → swing high from Dec 2024; next major signal level.

$47 → 100% extension; historically strong reaction zone for LINK.

Breakout Confirmation: Sustained move above $25.12 removes most near-term pullback expectations.

📈 Scenarios:

Bullish Continuation (Preferred):

Clear $25.12 → run toward $31, then possibly $47 without deep retrace.

Pullback Opportunity:

If price stalls below $25.12, short-term 3-wave correction possible before next leg higher.

💡 Market Takeaway:

LINK is showing sustained breakout behavior. As long as $20.90 holds, trend remains bullish. $31 is the next checkpoint — clearing it opens a path to $47. Pullbacks (if any) are likely to be shallow and short-lived in this phase.

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