Chainlink LINK Nears Critical $25.50 Resistance as Traders Eye Breakout Potential

Chainlink LINK News - Chainlink's LINK token is approaching a crucial resistance level at $25.50, with market analysts identifying this zone as a potential launchpad for a rally toward $29. Traders are closely monitoring the $24 support level, which has shown resilience during recent market volatility. Technical analysis from crypto Monkey indicates a V-shaped recovery from the $23 range suggests strong accumulation, while CRYPTOWZRD notes that sustained trading above $24.50 could confirm bullish momentum. With $701 million in daily volume and a $16.46 billion market cap, the asset continues to attract significant institutional interest. Market participants are positioning for a decisive move, where a breakout above $25.50 could trigger fresh capital inflows, while failure to hold $23.50 might lead to deeper retracements in the near term.