๐จLINK/USDT Technical Overview โ Aug 2025๐จ
Price & Momentum: Trading around $21.2โ21.3, Chainlink is in a strong uptrend supported by recent whale accumulation and the launch of its on-chain reserve.
Key Supports:
$19.14: Main intraday level; holding above keeps short-term momentum intact.
$15โ16: Strong historical support zone; ideal for long-term entries if market dips.
Key Resistances:
$20.28: First breakout trigger.
$20.99 & $22.13: Next upside targets after breakout.
Indicator Signals:
Moving Averages: Bullish across all timeframes.
MACD: Positive momentum continues.
RSI/StochRSI: Overbought (above 80), meaning price may pause or retrace before next leg up.
Trade Scenarios:
1. Aggressive Buy: Enter near $19.14 on bounce โ Targets $20.28 / $20.99 / $22.13
โ SL at $19.00.
2. Breakout Buy: Enter on confirmed close above $20.28
โ Targets $20.99 / $22.13
โ SL at $20.00.
3. Conservative Buy: Wait for deeper pullback to $15โ16
โ Targets $17 / $17.77
โ SL at $15.00.
Outlook: Bias stays bullish as long as price holds above $19.14. A close above $20.28 could trigger a fresh rally towards $22+, while $15โ16 remains a high-probability buy zone on larger corrections.