Chainlink (LINK) continues its upward momentum, pushing toward a critical resistance after breaking out of long-term consolidation.
Chainlink surged nearly 5% in the past 24 hours, trading around $25.19 as buyers defended higher support levels. The move comes after weeks of consistent accumulation, with technical indicators pointing to a potential test of the $26 resistance zone, which has already rejected price action twice this month.
The 4-hour chart shows LINK successfully breaking out of a prolonged descending wedge pattern, which triggered a sharp rally from the $15–$16 support zone in mid-July. Since then, the token has held steady above the $20–$22 demand band, underlining strong buyer conviction.
Currently, LINK faces overhead resistance at $25.50–$26.00, marked in the chart’s red zone. A decisive close above this level could open the door for a continuation toward $28 and $30, areas not revisited in months. On the downside, $22 remains a key support, with deeper retracements likely finding demand near $16.50.
“Chainlink has shown remarkable strength compared to other altcoins, with volume spikes confirming sustained interest from buyers. If it breaks $26, momentum traders may step in aggressively,”  BITX market analyst explained.
Despite macro uncertainty in the crypto sector, LINK’s resilience has drawn attention. Analysts note that the project’s role in powering decentralized oracle networks adds to its long-term value proposition. “The fundamentals remain solid, but traders must watch resistance closely. Failure to reclaim $26 could mean another consolidation phase,” one strategist commented.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.