Chainlink price builds strength above key levels as bulls target $33.75

Chainlink price has confirmed a bullish weekly structure after reclaiming the 50-day moving average and closing above the value area high. Strong demand signals suggest price may consolidate before a push toward $33.75.

Chainlink (LINK) has entered a decisive bullish phase after regaining key technical levels that previously capped its progress. The reclaim of the 50-day moving average sparked an impulsive breakout candle, pushing price above the value area high and confirming a weekly close above it. This technical milestone is significant because it signals both structural strength and the presence of market demand, two critical elements for sustaining a rally.

Key technical points

• $19.28 Support Zone: This level aligns with both high-time frame structural support and the value area high. A retest here would be considered a bullish higher-low formation.
• Weekly Market Structure: The close above the value area high establishes consecutive higher highs and higher lows, a hallmark of bullish momentum.
• Upside Target at $33.75: Next major resistance where profit-taking may occur if bullish momentum persists.

From a market structure perspective, LINK is now trading with consistent higher highs and higher lows, cementing its bullish outlook. The breakout and acceptance above the value area high reflect that the market has reestablished confidence in higher price zones. This shift suggests buyers are willing to absorb supply at elevated levels, which often precedes further upside continuation.

Although LINK is showing strong demand, the possibility of a corrective move should not be discounted. A retracement into the $19.28 region would still align with bullish structure and could act as the springboard for another leg higher. Importantly, such a correction would likely be viewed as a healthy reset within the context of the broader uptrend, reinforcing confidence rather than invalidating the setup.

The volume profile also provides additional confirmation of strength. LINK has displayed increasing bullish volume, which indicates active demand as price holds above support. Volume inflows at higher levels are typically considered a sign of strong market acceptance, meaning buyers are not only present but willing to pay more to accumulate. This dynamic helps validate the sustainability of the move and reduces the probability of a sharp breakdown.

From a broader perspective, LINK is now in a consolidation zone above the value area high. Price action may take time to establish footing here before attempting a breakout toward the $33.75 resistance. Patience will be key, but the technical signals remain firmly supportive of further upside.

What to expect in the coming price action

As long as Chainlink holds above $19.28, the broader structure remains bullish. Consolidation may extend over the coming weeks, but buyers maintaining control above support would strengthen the case for a rally to $33.75.