Chainlink LINK Tests Critical Resistance at $22 With $839M Trading Volume

Chainlink LINK News - Chainlink (LINK) is approaching a crucial technical juncture as it tests a diagonal resistance level that has historically limited its upside momentum. Currently trading at $21.77, the $22.00 level represents a pivotal point—a successful breach could propel LINK toward $26.00, while rejection could trigger a pullback to $20.00. Analysts emphasize the importance of the $21.30–$21.40 zone for maintaining bullish momentum.

Market activity remains robust with trading volume approaching $839 million, indicating sustained institutional and retail interest. Technical analysts note that LINK's 4-hour chart shows a clear test of the $22.00 resistance following recent declines. A confirmed breakout above this level could attract fresh buying pressure, while failure to break through risks a decline toward key demand zones.

The long-term resistance remains significant, with LINK repeatedly failing to overcome a monthly trendline dating back to the 2021 peak. The token's ability to hold critical support levels at $14, $17, $21, or $25 will ultimately determine whether it can stage a meaningful recovery rally in the coming weeks.