- Chainlink price trades at $26.46, nearing a key resistance last tested in 2021.
- A confirmed breakout above $30 could push LINK toward $73.
- Higher lows since 2023 signal strong demand and potential trend reversal.
Chainlink price is nearing a crucial resistance point after years of trading below a long-term trendline. The token is currently trading around $26.46, and traders are closely watching for a breakout that could mark a shift in its long-term structure.
Chainlink Price Approaches Multi-Year Resistance Line
Chainlink is edging closer to a major resistance level that has been holding since its all-time high in 2021. This falling trendline that is currently being retested at the level between $26 and $28 has reined in any upside action since 2014. As of August 2025, this level is once again being challenged by LINK.
According to analysts CRYPTOWZRD, a clear break above this resistance will suggest a change of long-term trend. The pattern reveals a sequence of consecutively higher bottoms indicating constant buying demand. There are no definite signs of weakness, but the volume support should be confirmed on higher timeframes.
The stock is up 6.9% recently, as it has started to attract more buyers. The traders are however hesitating since they are concerned that the prices may fluctuate around some of the significant resistance areas. In case of a breakout failure, the price can move back to either $20 or even $15. A further decline may revisit the $8.20 level, which acted as a firm support in previous eras.
Source: X/CRYPTOWZRD
A close above the $28 contrary $30 area will imply the next key projection of $73. This is the same as the former all-time high and it acts as a long-term target. The intermediate levels may include the price of 35 and 50, which have been hit in the past.
Chainlink spent the period between 2022 and 2023 in a falling channel, which would indicate accumulation. The breakout of that channel in 2024 acted as a changing of trend and created a more bullish phase. Analysts consider the range $8 to $10 as the backbone of the current rally.
The price has now reached long-term resistance which is being pushed as price action continues. A real breakout of price can clear the way to new highs. The technical traders are eyeing up good candles and increased volume to sustain the gains towards $73.
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