- Analyst Ali sees a confirmed $23 breakout sending LINK toward $27 if Fibonacci resistance levels give way.
- Jordan targets $31 as the launch point for accelerated gains, eyeing profit zones at $50 and $100.
- Cryptowzrd warns of near term weakness after a gravestone doji, but expects strength above $22 toward $24.
Chainlink is pressing against a key resistance area that could determine its next directional phase. The asset trades near $22.03, around the 0.618 Fibonacci retracement at $22.68. That zone has historically acted as a support level for trend changes across major assets.
According to analyst Ali, “Watch for Chainlink $LINK to break $23. It could trigger an upswing to $27!” His projection aligns with the midline break of a descending parallel structure that has guided price action since late August.
Midline Break
A clean move above $23.40 would be a confirmed breach of that structure’s midpoint. That scenario places immediate focus on the 0.5 Fibonacci level at $23.39, followed by $24.23 at 0.382 and $25.32 at 0.236.
Each tier represents potential supply zones where buyers must defend continuation. However, a rejection could press price back toward the $22 support. Failure to maintain that area risks a decline toward the 0.786 retracement at $21.47 or even the lower trendline support near $20.14.
Analysts Outline Extended Upside Levels
Notably, analyst Jordan labeled Chainlink as “one of the cleanest charts out there right now.” He identified $31 as the level for extended acceleration, arguing that a breach could reopen the path toward the 2021 peak.
His strategy includes booking profits at $50, then allowing a remaining portion to ride toward $100. That perspective contrasts with analyst Cryptowzrd, who highlighted immediate caution.
He reported that the latest daily close formed a gravestone doji, warning that near term weakness is possible. However, he pointed to LINKBTC strength as a potential stabilizer, reiterating that price above $22 should push toward $24.
Buyers Await Confirmation
That overlap between Fibonacci levels, structural resistance, and sentiment lines up a technical crossroads. Bulls require sustained closes over $23 to validate momentum. Bears, however, maintain control unless the descending channel finally gives way.
Each attempt toward the midline has stalled over the past month, leaving breakout attempts unconfirmed so far. The current compression therefore may lead to an imminent resolution.
