Chainlink is approaching a critical technical crossroads as both LINK/USDT and LINK/BTC test long-term support zones that historically triggered major reversals.
Analysts highlight tightening price compression, weakening selling pressure, and a potential pivot point forming across multiple timeframes. Market attention now turns to whether buyers can defend these levels and spark the next breakout phase.
Weekly Structure Holds as the Altcoin Returns to Long-Term Support
The altcoin is approaching a key technical zone as price compresses inside a multi-year triangle on the weekly chart. The asset recently moved back toward the lower diagonal, an area that has supported the broader structure since 2020. Market data indicate that this trendline has consistently served as a recurring base during extended consolidations, with each retest forming the foundation for subsequent upward moves.
LINKUSDT Chart | Source:x
Current candles continue to show higher lows, indicating that buyers are still defending the multi-year formation. The upper boundary of the triangle remains the broader breakout point, and the narrowing pattern places the coin near an inflection region where volatility typically increases. Analysts monitoring this setup note that the structure has become tighter as the market progresses toward the apex.
Satoshi Flipper commented that Chainlink is positioned in a “beautiful spot” due to the proximity to this historical support. The chart shared by the analyst identifies $53 as the long-term projection area should momentum eventually shift upward. For now, weekly performance centers on whether the support can continue to hold as price compresses further inside the pattern.
The Pair Approaches Major Support Zone
The pair is trading close to a long-term support band that has previously marked phases of accumulation. According to CryptoDaddi, this region served as a foundation during past cycles where the pair stabilized before advancing. The price has been edging toward this level for several weeks, with reduced volatility and declining volume suggesting a slowing downward pressure.
LINKUSD Chart | Source:x
Historical cycles show that each visit to this band eventually produced a structural base. The pair is currently sitting near the dotted support line shown on the analyst’s chart, indicating proximity to a zone that has remained relevant for more than one market cycle.
CryptoDaddi stated that he plans to add to his position when his system issues a confirmed LONG signal. Previous signals near this support produced strong moves, though no such trigger has appeared yet. Market participants continue to monitor the compression around the level, as periods of reduced volatility often precede directional moves.
Intraday Structure Shows Short-Term Weakness
The 24-hour chart reflects a shift in short-term direction after sellers forced the price below the $13.40 region. Earlier attempts to reclaim intraday resistance were unsuccessful, and a sharper decline pushed Chainlink toward $12.85. Activity increased during the downturn, suggesting more aggressive selling near the session low.
LINKUSD 24-Hr Chart | Source: BraveNewCoin
Following the drop, the price formed a narrow consolidation zone between $13.00 and $13.15. The range shows reduced volatility as the market waits for a fresh catalyst. A move above $13.20 would indicate early recovery potential, while a decline below $12.80 would reopen space toward lower intraday zones.
Market Watches Key Levels Across Both Pairs
The convergence of weekly support on the USD pair and long-term support on the BTC pair places the asset at an important technical point. The multi-year triangle continues to guide the larger structure, while the BTC pair trades inside a region associated with accumulation during previous cycles.
With both charts approaching compression zones, traders are tracking whether it can maintain support and regain short-term momentum. The coming sessions will determine if the asset stabilizes enough to test higher boundaries or remains inside its current consolidation ranges.