Chainlink (LINK) continues to demonstrate positive market dynamics, reaching $26. Over the past week, the token has risen by 19%, indicating ongoing interest from traders.
Long-Term Breakout Structure
Analyst Ali presented a chart showing LINK breaking out of a multi-year symmetrical triangle pattern. The breakout confirms that the token is above the long-term resistance range between $23 and $25. He remarked, *“Chainlink $LINK: One more retest before Valhalla!”*, suggesting the potential for LINK to return to the breakout zone before continuing upward.
Daily Outlook Confirms Momentum
CRYPTOWZRD shared a daily technical analysis noting that LINK closed strongly bullish. According to the analysis, *“A further upside move is very likely as LINKBTC is moving up from an extreme oversold condition.*” The daily chart shows LINK pushing higher after breaking through previous descending trendlines, with the price now consolidating above the $25 level.
Market Outlook and Next Steps
Both long-term and short-term charts suggest strength in LINK’s current rally. The multi-year breakout indicates the possibility of a sustained expansion phase, while the daily outlook points toward near-term upside towards $30. Analysts emphasize that a retest of the $23–$25 support zone remains possible before the next move higher.
For now, Chainlink continues to trade with strong momentum, leaving the question of whether it will soon reach the $30 mark.
