Chainlink Consolidates Near Resistance, Is A Bigger Rally In Sight?

Chainlink is showing signs of strength after a sharp parabolic move, now consolidating just below a key resistance ￰0￱ question is whether LINK can push past this barrier and ignite a bigger rally, or if a pullback comes ￰1￱ Surge Stalls Below $76.60 Resistance According to Alpha Crypto Signal, in a recent update shared on X, Chainlink has shown remarkable strength with a parabolic move before entering a consolidation phase just below the $26.60 horizontal resistance ￰2￱ level has now become the focal point, as traders watch closely to see if momentum will carry LINK beyond ￰3￱ Reading: LINK Price Climbs Following Chainlink’s Deal With US Commerce Department, Eyes $30 Alpha Crypto Signal noted that the momentum behind LINK’s move was powerful, and a breakout above $26.60 should not come as a surprise in the coming ￰4￱ a development could potentially trigger another leg higher.

Still, the analyst cautioned that broader market conditions point to the possibility of a ￰5￱ LINK fails to sustain current levels, the altcoin is likely to dump below the marked boxed zone. However, Alpha Crypto Signal described it as a must-buy opportunity, presenting traders with an ideal entry point at discounted ￰6￱ prepare for such a scenario, Alpha Crypto Signal plans to place spot limit buy orders below the boxed zone, with the intention of patiently waiting for price action to align with the ￰7￱ strategy reflects a balanced approach—ready to capitalize on both potential downside dips and upside ￰8￱ the flip side, if Chainlink manages to break out of the $26.60 resistance with significant trading volume, Alpha Crypto Signal emphasized that the plan would need to be adjusted ￰9￱ now, the analyst recommends keeping LINK on the radar, as it sits at a pivotal point where the next big move could soon ￰10￱ Confidence Returns With Chainlink Buyers Stepping In Trader Rai, in his latest analysis on the 15-minute timeframe, highlighted that Chainlink has shown strong resilience after bouncing from its support ￰11￱ rebound signals renewed strength in the market, with buyers beginning to take control of short-term price ￰12￱ Reading: Chainlink Whales Scoop Up $150 Million LINK In Two Weeks – More Gains Ahead?

The chart further suggests that buyers are targeting a retest of the $24.30 resistance ￰13￱ zone stands out as a critical barrier, and a successful test could determine whether LINK is ready to extend its upward ￰14￱ the breakout above $24.30 holds with sufficient volume, LINK may confirm a continuation pattern toward higher ￰15￱ a move would mark a key shift in sentiment, giving bulls the upper hand and potentially paving the way for a stronger rally in the near ￰16￱ image from Getty Images, chart from ￰17￱