Chainlink LINK Breaks Out of Multi-Year Consolidation, Targets $75-$80 Range

Chainlink LINK News - Chainlink's recent price action indicates a decisive shift from prolonged consolidation to upward momentum, with key technical levels now in focus for traders. Weekly chart analysis reveals a breakout from the multi-year consolidation phase spanning 2021-2023, signaling a fundamental bullish reversal. The asset's ability to maintain above the critical $24 support level demonstrates renewed institutional and retail buyer interest. This technical foundation establishes potential medium-term targets between $75-$80, with retests of $24 offering strategic entry opportunities for long-term positions. Short-term price action shows range-bound movement between $24 support and current resistance levels, with the breakout narrative gaining credibility through multi-timeframe validation, suggesting structural strength behind the current rally.