We’re now entering what I believe could be one of the most important price regions for Chainlink in its entire trading history.
On the monthly chart, LINK has been forming a textbook bullish structure since bottoming in mid-2022 — higher lows, strong rebounds from trendline support, and steady momentum building over time. Price is now pushing into a major resistance zone that has capped rallies for years (highlighted in grey).
Here’s why this level matters:
Historical Significance: Every time LINK has tested this zone in the past, it’s been rejected sharply. A monthly close above would mark a structural shift in market behavior.
Psychological Breakout: Breaking above this region could flip long-term sentiment from cautious optimism to full-on bullish conviction.
Technical Structure: We’ve respected the ascending channel perfectly. The upper trendline break, coupled with the reclaim of prior highs, would open the door for a larger impulsive move.
If LINK can close above this resistance on the monthly, I believe we may never see prices below it again — similar to what happened with previous crypto cycle leaders after key breakout moments.
Upside targets (Fibonacci projections and prior structures):
First major target: $36
Next key level: $53
If momentum accelerates, $196+ becomes possible over a longer horizon.
The structure is primed, momentum is brewing, and the next few monthly candles could determine whether LINK enters a new phase of price discovery.
On the monthly chart, LINK has been forming a textbook bullish structure since bottoming in mid-2022 — higher lows, strong rebounds from trendline support, and steady momentum building over time. Price is now pushing into a major resistance zone that has capped rallies for years (highlighted in grey).
Here’s why this level matters:
Historical Significance: Every time LINK has tested this zone in the past, it’s been rejected sharply. A monthly close above would mark a structural shift in market behavior.
Psychological Breakout: Breaking above this region could flip long-term sentiment from cautious optimism to full-on bullish conviction.
Technical Structure: We’ve respected the ascending channel perfectly. The upper trendline break, coupled with the reclaim of prior highs, would open the door for a larger impulsive move.
If LINK can close above this resistance on the monthly, I believe we may never see prices below it again — similar to what happened with previous crypto cycle leaders after key breakout moments.
Upside targets (Fibonacci projections and prior structures):
First major target: $36
Next key level: $53
If momentum accelerates, $196+ becomes possible over a longer horizon.
The structure is primed, momentum is brewing, and the next few monthly candles could determine whether LINK enters a new phase of price discovery.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.