15-8-2025 – Chainlink (LINK) surged past a critical Gann resistance zone, trading at $24.07 after a 2.04% dip in the latest session, with technical analysis pointing to a potential climb toward $26.50, as reported by blockchain analytics platform TradingView. The breakout above the 1/1 Gann angle, a level that capped price for over a year, signals robust bullish momentum in the current cycle.
Since early 2023, LINK has climbed steadily from lows below $6, navigating multiple Gann resistance levels with periods of consolidation. The recent break above the purple 1/1 line, a significant technical barrier, reinforces the uptrend’s strength. The $26.50 target aligns with the 2/1 Gann angle and prior 2025 highs, while longer-term projections suggest $38.50 and $52 as potential ceilings.
Historically, LINK peaked near $52 in 2021 before a prolonged decline, making these levels critical tests for market sentiment. However, sustaining above $19.50 is essential to maintain the bullish structure. A drop below this could push LINK back to $13, where lower Gann support lies, potentially delaying the rally. The current price action, supported by consistent volume and alignment with horizontal resistance, suggests growing confidence in Chainlink’s role in decentralized oracle networks amid rising institutional interest. Traders should watch for sustained momentum above $24 and volume spikes to confirm the move toward $26.50.
