Chainlink price is consolidating near $23.42 and must clear the $24.85 resistance to confirm a bullish breakout toward $30; traders should watch daily closes above $24.85 and support near $21 for confirmation of continuation in September.
Key point 1: $24.85 is the immediate resistance; a sustained close above it validates a bullish continuation.
Key point 2: Support sits near $21 with steady volume, reinforcing the bullish structure if it holds.
Key point 3: Market cap ~$15.88B and volume ~$1.27B; a breakout could push LINK toward the $27–$30 zone.
Chainlink price outlook: LINK consolidation near $24.85 resistance; watch for breakout confirmation and daily closes above $24.85 to trade toward $30.
What is the Chainlink price outlook for September?
Chainlink price is consolidating around $23.42 and needs a decisive close above $24.85 to confirm a breakout toward the $27–$30 target zone. Front-loaded technicals show bullish monthly momentum; traders should monitor volume and daily closes for confirmation.
How does current market structure support a LINK breakout?
LINK traded at $23.42 after a 1.0% 24-hour drop, range $22.77–$23.99. Market capitalization is about $15.88 billion and 24-hour trading volume near $1.27 billion. Circulating supply approximates 678 million tokens. These metrics show steady liquidity and accumulation during consolidation.
Technical setups on the monthly and four-hour charts point to bullish bias. Analysts highlight a descending triangle resolving to the upside on shorter timeframes and higher lows formed since July. Confirming factors include sustained volume and daily closes above resistance.
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Analysis prepared by CryptoWZRD notes LINK is consolidating between $23 and $27 after August highs near $27. Confirmed supports: $20, with lower supports at $16, $12.50, $9.50, and $7.30. Immediate resistance at $24.85 is the key level traders are watching.
Carl Moon’s observation on the four-hour chart projects a breakout target near $27.88, implying a potential ~17% gain from the current price. The structure shows higher lows since July and momentum indicators supporting a bullish continuation, provided key resistance is surpassed.
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Source: https://en.coinotag.com/chainlink-link-could-break-24-85-resistance-and-potentially-reach-30-in-september/