Chainlink consolidates in a key demand zone while analysts track liquidity levels and projected targets reaching $53.
Chainlink’s native token, LINK, is drawing new attention in the market as traders review its position near a major long-term demand area.
Current data shows the asset trading inside a multi-year structure that some analysts say could influence future price movement if buying interest increases.
LINK Trades Near Key Monthly Demand Zone
LINK is moving near a monthly demand zone between $4.00 and $4.70. This range has acted as an institutional accumulation region based on long-term chart behavior.
Market observers have noted that this zone has supported price during past compression phases.
On the monthly timeframe, LINK has remained inside a broad descending structure since its 2021 cycle high near $53.
Analysts say the current compression resembles earlier periods that preceded expansion moves.
The asset has also produced multiple higher lows inside the demand region, which some traders view as a sign of steady absorption.
$LINK IS THE MOST UNDERVALUED BLUE CHIP RIGHT NOW | $53+ TARGET (HTF TA)#LINK Is Currently Hovering Near A Critical 1M Demand Zone ($4.00–$4.70). Institutional Accumulation Territory.
Multi-Year Range Compression Is Complete + Inducement Below Structure Has Been Engineered For… pic.twitter.com/MFVwOqj2sn— Crypto Patel (@CryptoPatel) February 24, 2026
Chart analysts report that $4.70 served as a sweep level for retail stop orders.
The structure also indicates that an inducement move may have occurred beneath the zone as liquidity was collected before stabilization.
Technical Structure Shows Multi-Year Compression
Technical assessments point to a clear descending channel structure that has been in place for several years.
LINK is trading near range equilibrium around $8, which traders say has acted as the midpoint of recent price activity.
This range remains intact while the token continues to consolidate. Market structure reviews note the presence of sell-side liquidity taken below support levels.
Analysts say the reaction afterward suggests those orders were absorbed as price returned to the range.
This type of activity is often tracked when evaluating compression patterns on high-timeframe charts.
Forecasts include large liquidity pools resting at higher price levels. Analysts have identified areas near $30, $31, $42, and $53 as zones with historic unfinished business.
These levels are monitored as potential targets if price accepts above the long-standing descending trendline.
Related Reading: Is Chainlink Ready for a 10x Move? Key Levels Signal Massive Upside
Projected Targets and Key Validation Levels
Analyst projections show potential long-term targets ranging from $13 to $53 if market conditions align.
The estimated move from demand to the highest target would represent an expansion of more than 1,200%.
Analysts say the next strong confirmation signal would come from a sustained monthly close above the descending trendline and range high.
The macro bullish view remains active while LINK trades above $4.00.
Traders say a close below $4.00 would weaken the structure, and a close below $2.00 would invalidate the current model entirely. These levels remain central to long-term analysis.
LINK continues to trade within a multi-year compression range with strong focus on its position inside the established demand zone.
Traders are monitoring market structure for any changes that may confirm the next phase of price discovery.
Source: https://www.livebitcoinnews.com/link-near-critical-demand-zone-is-a-1200-rally-on-the-table/