Holding above $21 support is critical for continuation, as the traders watch resistance levels for the next decisive move.
Chainlink (LINK) is showing renewed strength after reclaiming the $22 level, with analysts eyeing a breakout toward $25. Posty highlighted bullish momentum building, while CW pointed to a key sell wall at $25.
LINK Holds Above $21 Support
Chainlink is showing resilience as it consolidates above the $21 level following recent volatility. The market has observed consistent attempts by buyers to regain control after September’s weakness, with the $20 region emerging as a crucial support zone.
Price action indicates that bulls have managed to defend this level while pushing the asset toward the $22 mark. Intraday movement on October 1 displayed fluctuations between $21.00 and $22.00, reflecting both strong buying pressure and resistance from sellers. This positioning has created an environment where traders are closely monitoring upcoming hurdles.
Breakout Attempts Near $22
Analyst Posty shared on X that Chainlink is preparing for an important move after reclaiming a key level near $22. This zone previously acted as strong support before September’s breakdown and now stands as a resistance point. Price consolidation above this area suggests momentum is building for a breakout attempt.
LINKUSD Chart | Source:x
During the early trading session, the altcoin briefly moved above $22 before retracing, showing hesitation near this critical threshold. Trading volume spiked during the upward push, indicating active participation from buyers, though sellers quickly countered the move. This reaction demonstrates the importance of $22 as the immediate barrier before higher price targets can be tested.
$25 Sell Wall Remains Critical
According to analyst CW, the next substantial obstacle lies at $25, which has functioned as a major supply zone in previous trading cycles. This level represents a point where sellers have historically stepped in with heavy volume, halting bullish momentum.
LINKUSD Chart | Source:x
The presence of this sell wall suggests that even if it clears the $22 mark, the path to further gains will encounter strong resistance. A confirmed breakout above $25 would shift market sentiment in favor of bulls, potentially opening the way toward higher targets near $27. Until then, traders are expected to watch for confirmation of sustained closes above $22 and $23 as signals of continued strength.
Near-Term Scenarios for the altcoin
If the $20 support holds, the token may gather enough strength to challenge the $25 sell wall in the coming sessions. Buyers maintaining this zone would reinforce the bullish structure and allow momentum to build toward higher levels. Conversely, failure to defend $20 could expose the token to lower supports near $18 and $16, where previous accumulation occurred.
LINKUSD 24-Hr Chart | Source: BraveNewCoin
The 24-hour chart shows notable volatility, with Chainlink recording both intraday highs above $22 and retracements toward $21.27. Market capitalization currently stands at $14.45 billion, with trading volume of approximately $734 million, reflecting active participation but also profit-taking pressure near resistance areas. The short-term outlook depends on whether buyers can establish firm control above $22 while preparing for the stronger barrier at $25.