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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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
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.