Strong network usage and key technical levels keep LINK in the game despite market
volatility
Chainlink ($LINK ) is holding its ground in a long-term upward channel, trading near $16.85 even after recent swings. Analysts agree that the $13 level is a make-or-break support — hold it, and the path toward a potential $46 target stays wide open.
Technical Outlook
$LINK price structure shows strength, rebounding multiple times from $15.83
and $11.00, both aligning with key Fibonacci levels. Current resistance
sits at $17.76, near the 20-day SMA and upper Bollinger Band. A decisive
breakout above $17.64 could push prices toward $20.22 and beyond.
The token is backed by solid metrics — market cap of $11.42B, 24-hour volume
of $373M, and an RSI near 48, signaling room for upward momentum if buying pressure grows.
Ecosystem Strength
Chainlink’s network activity is surging, with protocol fees hitting $20K
daily in August and annualized fees at $3.24M, according to
DefiLlama. While revenue remains unchanged, the platform has raised $32M in
total capital, showing investor confidence and strong utility adoption.
As long as $LINK holds $13 support, analysts see the bullish case alive — with resistance levels at $17.76, $20.22, and $27 marking the road toward the ambitious $46 target.
