Chainlink LINK Eyes $30 Breakout: Key Resistance Levels to Watch

Chainlink LINK News - Chainlink (LINK) is consolidating above $23, maintaining its bullish structure despite ongoing market volatility. Declining exchange reserves signal accumulation by major players—a strong bullish indicator for long-term momentum. The $24–$25 zone represents a critical supply wall; a volume-backed breakout could propel LINK toward $28 and $30 targets, while losing the $22 support level might trigger a pullback to $20. The weekly chart shows LINK in a clear bullish trajectory after breaking out from a double-bottom pattern. Although resistance at $25.33–$26.54 has capped recent gains, the neckline breach keeps bullish sentiment intact. The incremental Chaikin Money FLOW (CMF) highlights sustained liquidity inflow, indicating underlying strength in the asset.