Chainlink (LINK) is gaining attention as bullish momentum pushes its price higher, with analysts pointing to a potential breakout toward $22—and possibly even $28.
Market analyst Ali highlighted the growing strength in LINK’s technical setup, suggesting the asset is nearing a key resistance zone that could trigger the next leg up.
At the time of analysis, LINK was trading near $17.46, approaching the $18 mark that has acted as a major resistance level in the past. If this level is breached with strong volume, the next significant target lies at $22, followed by a potential extension to $28.
Chainlink is currently priced at $18.34, up 7.32% in the last 24 hours and 18.83% over the past week. With a market capitalization of $12.4 billion and daily trading volume exceeding $1.47 billion, LINK is showing renewed strength after a period of consolidation.
This latest surge is part of a broader rebound in the altcoin market, and investors will be closely watching whether Chainlink can sustain its upward momentum and confirm a breakout above the $18 resistance.
If successful, the move could open the door for a significant rally toward higher levels, especially if buying pressure continues to build in the coming days.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/is-chainlink-ready-for-a-major-rally-all-eyes-on-22-resistance/