Chainlink (LINK) Targets $22 Following Bullish Breakout Above Key Resistance

Chainlink (LINK) has solidified its position above crucial support levels, indicating potential for continued upward momentum. The token's decisive breakout above a descending resistance trendline underscores growing bullish confidence, with the next price target set at $17.40. A sustained MOVE beyond this level could drive LINK toward $22.

Technical analysis confirms a higher-high pattern, reinforcing the breakout's validity beyond a short-term fluctuation. However, inability to maintain $17.40 may signal buyer fatigue. Market participants are monitoring for a successful retest to validate further gains.

During the latest 24-hour trading session, LINK demonstrated resilience, bouncing back from an intraday low of $14.70 to close at $15.31, posting a marginal gain of 0.05%.