- Chainlink price remains solid at $24.60 as it could surge above the highs of $32 to ignite a bullish momentum.
- The most critical resistance level that can define the next Chainlink price action is $32, whereas the support takes place at $24.60.
- The higher social volume can signal the growing interest in Chainlink price, which might signal a future positive trend.
Chainlink price has been taking support within the range of $24.60 over the past weeks. The resistance now turns into $32, so it will be observed whether it and can break this barrier and cause a new upwards movement.
Chainlink Price Holds at $24.60 Support, Prepares for Potential Breakout Above $32 Resistance
Chainlink price is trading within a small range above the support price of $24.60, which is a major rally point that occurred in August 2025. This convergence suggests that the market may be preparing to move higher. The important resistance area to watch is $32, where prices have been held up in the recent past. Analyst Crypto__Storm suggested that a breakout above $32 will indicate a bullish trend with the next resistance price acting the $42.
Source: Crypto__Storm/X
Chainlink price has been unable to breach the $32 mark even after several attempts. Nevertheless, continued consolidation implies possible breakout. Crypto__Storm emphasizes that an increase beyond $32 would possibly lead the price towards $42 or more
According to analyst Ali Charts, the upward trend in social volume and sentiment is an addition to optimism in the price prospects of Chainlink. The social volume has increased since early August 2025, and the price gained by August 20, increasing to $25.03 at the TCC level. Sentiment has improved to $0.666, up to $-1.11, indicating a bullish trend when not reversed.
Source: Ali Chart/X
However, a drop below $24.60 support could signal a pullback. The $32 resistance is crucial; failure to break above it may lead to consolidation and a breakout above $32 could push Chainlink price toward $35–$38.
Read Also:
