LINK/USDT – Monthly Chart Analysis
Chainlink is currently testing a multi-year resistance line that has capped price since the 2021 peak. The asset has been forming a large ascending triangle pattern with higher lows since mid-2022, showing accumulation pressure building up.
Resistance Zone: $27–$35
Current Price: $23.94
Support Trendline: Holding strong since 2019 lows
Structure: Bullish compression into resistance
Key Takeaways:
A monthly close above the resistance line could trigger a breakout towards $35–$50 in the medium term.
Until the breakout is confirmed, expect possible rejections and retests of the $20–$21 zone.
The risk/reward is attractive for spot investors looking for a breakout play.
📌 Watch the monthly close carefully — confirmation above resistance could mark the start of a strong LINK rally.
Chainlink is currently testing a multi-year resistance line that has capped price since the 2021 peak. The asset has been forming a large ascending triangle pattern with higher lows since mid-2022, showing accumulation pressure building up.
Resistance Zone: $27–$35
Current Price: $23.94
Support Trendline: Holding strong since 2019 lows
Structure: Bullish compression into resistance
Key Takeaways:
A monthly close above the resistance line could trigger a breakout towards $35–$50 in the medium term.
Until the breakout is confirmed, expect possible rejections and retests of the $20–$21 zone.
The risk/reward is attractive for spot investors looking for a breakout play.
📌 Watch the monthly close carefully — confirmation above resistance could mark the start of a strong LINK rally.
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Register on Bitunix and trade with me: 👇
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Daily Free Signals :bit.ly/UnichartzAlpha
Register on Bitunix and trade with me: 👇
bitunix.com/register?vipCode=coEA
Register on Bitunix and trade with me: 👇
bitunix.com/register?vipCode=coEA
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.