Chainlink (LINK) Surges 19% Weekly on Key Resistance Breakout and $3.45B Trading Volume

Generated by AI AgentCoin World
Saturday, Aug 23, 2025 5:01 am ET1min read
LINK
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Aime RobotAime Summary

- Chainlink (LINK) surged 19% weekly to $26, driven by $3.45B trading volume and key resistance level breakouts.

- Analysts highlight a multi-year triangle pattern breakout, projecting potential targets at $32–$98.15 after surpassing $23–$25 resistance.

- Technical indicators suggest a possible retest of the $23–$25 support zone before further gains, with $30 as the next near-term target.

- Long-term bullish momentum and daily chart strength reinforce the upward trend, though sustained performance above $25 remains critical for validation.

Chainlink (LINK) has surged 19% over the past week, trading at $26 as of the latest data, with a 3% rise in the past 24 hours. This upward momentum has been supported by a 24-hour trading volume of $3.45 billion, reflecting growing interest in the token. The recent price action has moved

LINK
from below $20 in mid-July to near $26, breaking through key resistance levels and signaling sustained buying pressure [1].

A key development in the analysis of LINK’s price movement is its breakout from a multi-year symmetrical triangle pattern, according to analyst Ali Martinez. The breakout has placed the token above the $23–$25 resistance range, with Fibonacci extension levels projecting potential targets at $32, $52.30, and $98.15. Martinez suggested that one more retest of the breakout zone could occur before the token continues higher, emphasizing the importance of confirming this support area before expecting further gains [1].

On the daily chart, CRYPTOWZRD noted strong bullish momentum, indicating that a further upside move is likely as LINKBTC recovers from an oversold condition. The analysis highlighted that the token has broken through descending trendlines and is now consolidating above $25, with the next key target near the $30 psychological level. Higher highs and higher lows on the daily timeframe reinforce the continuation of this bullish trend [2].

Both long-term and short-term charts suggest strong momentum in Chainlink’s current rally. The multi-year breakout implies the potential for a sustained expansion phase, while the daily outlook points toward a near-term move toward $30. Analysts remain cautious, however, as a retest of the $23–$25 support zone is still possible before the next upward leg. Sustaining above $25, particularly in LINKBTC, will be crucial in validating the bullish scenario [1].

Source: [1]

Chainlink
Rockets 19% Weekly, Analyst Says “One More Retest Before Valhalla” (https://coinmarketcap.com/community/articles/68a980aed4237076babc49e3/) [2] https://twitter.com/cryptoWZRD_/status/1959061639699079380