Chainlink Consolidates Above Key Support as Traders Eye $17.50–$18.00 Trendline Breakout
LINK consolidates above $15.00 support with analysts watching $17.50–$18.00 as the next resistance zone.
RSI trends upward and accumulation rises, signaling continued buyer interest and momentum buildup.
Price stability above $16.00 keeps bullish structure intact, with $16.20 seen as the next breakout trigger.
Chainlink (LINK) has reclaimed a key support level within a multi-pattern technical zone and is now consolidating above minor support. The market is closely watching the $17.50–$18.00 trendline as the next area of interest. At the time of writing, Chainlink was trading at $16.00.
LINK Maintains Structure with Upward Momentum Building
The asset has maintained support above $15.00 following a recovery from intraday lows, according to analysis prepared by Suzzy DeFi. The asset continues to trade within a broader consolidation range while holding above key levels identified in past trading sessions.
LINK rebounded from a low of $10.10 and is forming higher lows above a long-term ascending trendline. The $16.80 zone has become a reference point for traders, acting as a short-term support level. Volatility has decreased, and volume remains steady, reflecting stable trading conditions.
Momentum indicators, including the Relative Strength Index (RSI), are trending upward and remain below the overbought threshold. The Accumulation/Distribution line has risen to 365.71 million, reflecting increased position building among market participants. These conditions are being monitored for further trend continuation.
Breakout Potential Toward $17.50–$18.00 Zone
According to CryptoWZRD, LINK closed the recent session with a bullish candle. “One more healthy bullish candle will add impulsive momentum,” he stated. Analysts are watching the $17.50–$18.00 resistance zone, where the descending trendline intersects with previous reaction levels.
Source: CryptoWZRD(X)
Crypto analyst Ali commented, “Chainlink is trading in a channel and pushing towards the top.” If price breaks past $17.50, a move toward $22 remains technically valid. Immediate resistance sits at $16.20, with support at $15.00 serving as a confirmation level for bullish continuation.Chainlink’s partnership with the Blockchain Association, announced on July 15 through the “Tokenized in America” project, has added renewed focus on its development efforts. Price stability above recent breakout levels remains key to tracking its short-term performance.
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