$LINK is currently trading around $23.85, testing a key resistance zone between $24.20 and $24.64 after breaking a long-term downtrend. The rally from $14 in early August has cleared multiple resistance levels, including Fibonacci retracements at $18.00 and $20.50, with the next target at $26.46 (0.786 Fib).
Support sits at $21.04, backed by strong volume and bullish on-chain flows. The 4-hour chart shows sustained momentum, with the Supertrend indicator and DMI supporting further upside. A break above $24.64 could open the path toward $26.46, while a rejection may see a pullback to $23.00 or $21.04.
The daily EMAs are aligned bullishly, and spot inflows suggest continued buying interest. The bias leans upward, but a hold above $24.00 is key for further gains.
