#Chainlink Smashes Through 9-Month Downtrend — Is $30 Next?
$LINK has confirmed a bullish breakout above its descending trendline, now trading at $24.19. The move from $14.00 in early August has been supported by strong volume and on-chain inflows.
📌 Resistance: • $24.64 (local zone) • $26.46 (Fib 0.786) • $30.93 (2024 high)
📌 Support: • $23.00 (minor) • $21.04 (volume node)
🧠 Indicators: • RSI (4H): Elevated •
Supertrend: Bullish above $21.12 •
EMAs: Bullish stack, 20 EMA at $19.47 •
DMI: +DI 52.78, ADX confirms strength •
Smart Money BOS: Above $22.95
Bias: Bullish continuation if $24.64 breaks with volume.
LINK Price Prediction – 24H Outlook
#ChainlinkUpdate ($LINK) is holding firm above the critical $24.00 level, keeping bullish momentum alive. If this support holds, the next upside target is $26.46, aligned with the Fib 0.786 retracement. A breakout above that could open the path toward $30.93, a level last seen in early 2024.
On the flip side, immediate support lies at $23.00, followed by a stronger base at $21.04. A drop below $21.04 would expose LINK to a deeper pullback, potentially down to $19.47, where the 20-day EMA currently sits.
📊 Bullish Signals:
EMA structure remains stacked in favor of bulls.
Spot inflows surged to $12.61M on August 13.
DMI readings show strong directional strength.
🧠 Bias: Short-term sentiment remains bullish, with $26.46 as the key target for August 14.
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Disclaimer: This list is for informational purposes only and should not be considered as investment advice. Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly.
(*) This data could be outdated. Research done on: 13-08-2025
Source : TradingView
