|
Getting your Trinity Audio player ready...
|
- LINK holds critical $20 support, signaling potential bullish momentum.
- Resistance levels at $27.50 and $36.18 could define next rally stages.
- Long-term targets project LINK toward $50–$52.73 if momentum sustains.
Stay ahead with real-time updates and insights—Join our Telegram channel!
Chainlink’s native token, LINK, is showing renewed strength after finding support near $20.08, according to TradingView data from September 7. Traders are closely watching the $20–$22 range, a critical support zone, as the asset attempts to regain momentum for higher targets. Current trading levels sit near $22.23, signaling potential upside after a short-term pullback from resistance zones.
#LINK $LINK
— crypto_logy (@crypto_logie) September 7, 2025
Placing buy bids around $20 and will target $50. #btc #binance #bnb #coin pic.twitter.com/QCwQ04ltnS
Strong Support Sets Stage for Recovery
The $20.08 support level has emerged as a key psychological and technical threshold for LINK. Below this, additional support zones exist at $17.50 and $15.43, but maintaining the $20 mark is crucial for the bullish outlook. Market participants are placing buy bids around $20, anticipating that holding this zone could trigger upward momentum toward mid-term resistance levels.
Resistance Levels to Watch
LINK faces immediate resistance near $27.50, followed by a stronger barrier at $36.18. Technical projections suggest that if LINK sustains gains above $22, the token could rally toward $37.50 before testing higher levels near $50. Continuation patterns indicate that a successful breach of these resistance points may push LINK toward $52.73 in the long term. Traders are monitoring whether consolidation patterns form at key levels before attempting decisive breakouts.
Also Read: Grayscale Files Chainlink ETF, Driving LINK Price Higher
Trading Strategy and Market Sentiment
Market sentiment around LINK remains cautiously optimistic. Social media discussions highlight the $20 entry point as a strategic buy zone. Volume data confirms renewed buying interest after the recent bounce, which supports the bullish scenario. Traders are advised to watch for consolidation phases above $22 and monitor key resistance zones for breakout opportunities.
The pivotal question for Chainlink is whether it can maintain support near $20 and build momentum toward the $50 target. Past rallies indicate multiple retests of support were necessary before overcoming resistance. If LINK can climb past $27.50, traders could see the path to $36.18 and beyond. In the near term, consolidation phases may define the trajectory, but technical indicators point to a potential staged climb toward higher price levels.
Stay ahead with real-time updates and insights—Join our Telegram channel!
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!
