$LINK looks like it wants to breakout.

The supply zone is a price area (25–40 for Chainlink) where sellers have historically stepped in. Every time #link pushes up, sellers dump their coins, pushing the price back down.

But link has been grinding higher inside an ascending channel for almost 2 years, meaning buyers are steadily absorbing supply under that ceiling.

Once sellers run out, the resistance could break and that’s usually when you see the big moves up.

By the way, you can’t literally see when sellers run out but there’s a few signs to look for:

- if price keeps hitting the zone but sell volume shrinks, sellers are running low.

- steady uptrend shows buyers are absorbing supply, pushing price higher each time.

- instead of sharp dumps at the zone, price holds or creeps up meaning sellers aren’t in control anymore.

- once price breaks above the zone and successfully retests it as support, it’s a strong sign the sellers are tapped out.

These concepts can be applied to other tickers. Only touch tokens that are older than four years old, means they’ve been through at least one bear cycle and TA is more applicable to them