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- LINK breaks key Gann resistance at $24, eyeing $26.50.
- Support at $19.50 is critical to maintain bullish momentum.
- Long-term targets include $38.50 and $52 if the rally sustains.
Chainlink (LINK) has shown renewed bullish momentum, trading at $24.07 despite a minor 2% dip in the latest session. Technical analysis using Gann fan structures indicates the price may be on a path toward $26.50, with higher targets potentially within reach in this ongoing bullish cycle.
Chainlink LINK 1M Gann Fan pic.twitter.com/pcuOVsmGBm
— Tony "The Bull" Severino, CMT (@TonyTheBullCMT) August 13, 2025
Gann Fan Analysis Highlights Critical Price Levels
Using a Gann fan overlay, LINK’s price action can be mapped through key support and resistance lines. Since early 2023, LINK has climbed from sub-$6 lows, gradually breaking through multiple Gann resistance zones. Each breakout has been followed by consolidation periods, a pattern that suggests strong trend integrity.
The next major resistance stands at $26.50, aligned with the 2/1 Gann angle. Beyond this, analysts point to $38.50 and $52.00 as longer-term targets, corresponding with higher Gann angles and historical highs. Holding above the recent breakout level is essential for sustaining the bullish trajectory
Historical Resistance and Breakout Patterns
LINK’s history shows peaks and troughs strongly influenced by Gann angles. The 2021 high near $52 gave way to a prolonged downtrend, bottoming between $5 and $9 by mid-2022. Since early 2023, the steady recovery has seen LINK surpass key Gann angles like 1/1 and 3/4, with corrective pullbacks finding support at prior breakout points.
The most recent bullish candle breaking above the 1/1 purple line—a level that held for over a year—signals a potential continuation toward $26.50. Maintaining this level is critical to preserving the bullish momentum.
Forward Outlook: Key Support and Targets
If LINK maintains momentum, the path to $26.50 could play out over the coming months, with expected intermittent consolidations. Failing to hold above $19.50 may send LINK toward mid-$13, intersecting lower Gann support and challenging the bullish structure.
Also Read: Chainlink vs. XRP: How High LINK Must Rise to Surpass XRP’s $194B Market Cap
Above $26.50, the Gann 3/2 angle targets $38.50, with $52 representing the ultimate resistance for this cycle. Investors will need strong trading volume to navigate these zones successfully.
With technical signals aligned, LINK could be on the cusp of its next major rally, potentially reaching multi-year highs if support levels hold.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
