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Chainlink Could Be Poised for Further Gains After Reclaiming $23, Targets $30–$52

Chainlink Could Be Poised for Further Gains After Reclaiming $23, Targets $30–$52

CoinotagCoinotag2025/08/23 20:00
By:Sheila Belson

  • LINK up 17.11% to $27.60, breakout above $23 confirms triangle exit

  • $30 is immediate resistance; sustained breakout could reach $31.87 (0.786) and $52.30 (1.0)

  • Short-term bullish momentum supported by LINKBTC recovery from oversold conditions and on-chain volume pick-up

Chainlink breakout: LINK reclaims $23 support, targets $30–$52 on Fibonacci extensions — read levels and trade considerations now.

Chainlink breaks multi year consolidation with a sharp rally, reclaiming $23 support and targeting key Fibonacci levels up to $52.

  • Chainlink trades at $27.60 after a 17.11% surge, breaking above $23.00 to exit a multi year symmetrical triangle.
  • $30.00 stands as immediate resistance, with possible upside toward $35–40, while $23 is a key retest level.
  • Analysts note short term bullish patterns, with LINKBTC recovering from oversold conditions, supporting further upward momentum.

Chainlink has entered a decisive phase after years of compression, breaking through a multi-year consolidation structure and reclaiming critical technical levels. The asset is now trading around $27.60, a strong 17.11% daily gain.

The breakout above $23.00 confirms the completion of a symmetrical triangle pattern that has held since 2021. This move suggests a potential shift from prolonged accumulation toward a broader bullish cycle, with several Fibonacci levels now guiding targets and supports.

What is the Chainlink breakout and why does it matter?

The Chainlink breakout is a technical event where LINK cleared the multi-year symmetrical triangle by reclaiming $23, signaling increased buyer control and potential trend expansion. This breakout matters because it opens measured Fibonacci targets at $31.87 and $52.30 while defining $23–$25 as the critical validation zone.

How did Chainlink reach the current levels and what technical evidence supports continuation?

LINK’s move to $27.60 followed a spike in buying pressure that invalidated the triangle resistance. The 0.618 Fibonacci retracement at $21.60 now acts as a nearby support, and the 0.786 level at $31.87 provides the next clear resistance. On-chain and pair strength data — notably LINKBTC recovering from oversold conditions — supports continuation if volume sustains.


Frequently Asked Questions

What are the long-tail risk considerations for traders targeting $30–$52?

Traders should watch for daily volume confirmation, retests of $23, and macro market risk. If $23 fails decisively, deeper supports at $16.44 and $12.51 could be tested, increasing downside risk to prior consolidation levels.

How should voice-search users ask about Chainlink price levels?

Ask natural-language queries like: “What is Chainlink price target after breaking $23?” or “Is Chainlink breakout confirmed?” These map directly to validation levels and Fibonacci targets covered above.

Chainlink Could Be Poised for Further Gains After Reclaiming $23, Targets $30–$52 image 0

Chainlink 3-day price chart, Source: Ali on X

Key Fibonacci Zones

Chainlink has reclaimed the 0.618 Fibonacci retracement level at $21.60, supporting the prevailing bullish outlook. The next resistance is near the 0.786 Fibonacci level at $31.87.

A sustained move beyond this level could lead to $52.30, which aligns with the 1.0 Fibonacci target. If momentum remains strong, the 1.272 extension at $98.15 emerges as a longer-term objective.

However, multiple supports remain in focus if prices retrace. Immediate lower levels include $16.44 at the 0.5 retracement and $12.51 at the 0.382 level. These supports, if tested, would provide critical confirmation zones for ongoing trend strength.

Key Levels Around $30

Recent technical analysis shows that $30.00 is the immediate barrier for buyers. A break above this level may accelerate upside movement toward $35–40. On the other hand, rejection at this level could lead to a retest of the breakout area around $23.00.

Such a pullback would not necessarily end the structure but instead serve as a check of breakout validity. Additional supports have been outlined across historical levels including $20.00, $16.00, $12.50, $9.50, $7.30, and $5.00.

Short Term Formations

According to CRYPTOWZRD, Chainlink recently closed with strong bullish momentum, supported by LINKBTC moving upward from an extreme oversold condition.

Chainlink Could Be Poised for Further Gains After Reclaiming $23, Targets $30–$52 image 1

LINK/USDT 1-day price chart, Source: CRYPTOWZRD on X

The analysis highlighted short-term structures on lower time frames as opportunities for near-term moves. Meanwhile, the larger breakout structure continues to suggest buyers remain in control despite the sharp vertical price rise.

The overall setup shows a transition from long-term consolidation to expansion. If Chainlink maintains support above $23.00, the probability of higher cycle targets between $30 and $52 is elevated.

Key Takeaways

  • Breakout confirmed: Chainlink closed above $23, exiting a multi-year symmetrical triangle and signaling bullish potential.
  • Levels to watch: Immediate resistance at $30 and $31.87; measured move target near $52.30; key supports at $23–$25 and $21.60.
  • Actionable insight: Traders should wait for volume-backed continuation or a clean retest of $23 for lower-risk entry; manage stops below $21.60.

Conclusion

The Chainlink breakout marks a notable shift from years of consolidation into an expansion phase, with immediate targets from $30 to $52 defined by Fibonacci extensions. Monitor $23–$25 as the validation zone, LINKBTC strength, and volume for continuation signals. Stay disciplined with risk management as the structure unfolds.





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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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