Chainlink (LINK) Poised for 4x Rally as $19.50 Resistance Retest Signals Macro Breakout

Chainlink (LINK) is showing strong signs of a potential macro breakout as it retests a crucial resistance level at $19.50. Currently trading at $16.60, the token has established a multi-year accumulation base below $10, laying the foundation for a significant upward revaluation.

Analyst charts indicate that a decisive break above $19.50 could spark a parabolic rally toward $42—a 4x surge from the breakout point. The weekly LINK/USDT chart displays a textbook accumulation-to-expansion cycle, with the 2022-2023 consolidation phase serving as a springboard for the 2024 rally.

Market structure and volume dynamics align with historical breakout patterns seen in prior bull cycles. The $19.50 level remains the key threshold—a confirmed close above this resistance WOULD validate the start of a new expansionary phase for the leading oracle token.