Chainlink (LINK) Nears Critical Breakout as Bulls Target 21.99 USDT Resistance
Chainlink (LINK) is testing a key resistance level at 21.99 USDT, with technical analysts signaling a potential bullish breakout. The cryptocurrency currently trades around 15.39 USDT, remaining below a descending trendline that has suppressed prices since December 2024.
A confirmed breakout above this resistance could indicate a trend reversal, as noted by crypto analysts studying chart patterns. This scenario reflects classic breakout conditions where sustained buying pressure overcomes technical barriers.
Traders are monitoring for strong volume-backed moves above the trendline, which has faced multiple tests in February and May 2025. A successful breakout could propel LINK toward mid-range price targets and potentially shift its bearish market structure.
