Chainlink (LINK) is showing strong bullish resilience as it holds firmly above the critical $21 support level after breaking out in early August 2025. The recent price action demonstrates solid consolidation near $23.80, suggesting that the $21 zone has successfully flipped from resistance to key support, providing a solid base for further upward movement.
Technical indicators, including the mid-range Stoch RSI, indicate that there is still ample room for momentum to build before becoming overextended. Traders should watch for a decisive push above the $24.50 resistance level, as this could open the door for a rally towards $26 and beyond. On the downside, losing the $21 support could expose LINK to a pullback toward the $15–$16 area, a crucial zone that has historically provided strong buying interest.
With bullish momentum firmly intact and key support holding strong, Chainlink is heating up as a hot altcoin to watch this August. Smart traders would do well to monitor volume and momentum for confirmation as LINK aims for fresh highs in the near term.
Trade smart and keep an eye on those pivotal $21 and $24.50 levels for what could be a powerful breakout move for LINK.