Chainlink Primed For Takeoff: Liquidity Sweep Strengthens Bullish Outlook

Chainlink (LINK) is building momentum as bullish signals begin to align, strengthening the case for an upcoming ￰0￱ sweeping liquidity and testing resistance levels, the price action now suggests growing buyer confidence, indicating that LINK may be poised for its next major upward ￰1￱ Price Action Suggests Building Momentum More Crypto Online, a respected crypto analyst on X, recently provided an update on Chainlink, highlighting that the price is currently testing a critical micro-resistance ￰2￱ area is seen as a short-term hurdle for LINK, and the way the price reacts here could set the tone for its next major ￰3￱ Reading: Chainlink Consolidates Near Resistance, Is A Bigger Rally In Sight?

The analyst emphasized that the latest push higher looks impulsive, a sign that buyers are stepping in with ￰4￱ moves often precede larger rallies if supported by continued volume and market participation. However, despite the positive signs, caution remains as the breakout has yet to be confirmed. Importantly, a decisive break above the $25 resistance level will be the key trigger for ￰5￱ a move would not only reduce the probability of the bearish “yellow scenario” but also open the door for higher price targets in the sessions ￰6￱ then, LINK remains in a delicate position where the market’s response will dictate whether a stronger rally unfolds or if sellers attempt to push it back ￰7￱ Ready To Rip Higher In his analysis, Crypto Patel highlighted that Chainlink is showing signs of a bullish breakout, with price action positioning itself for a potential strong move ￰8￱ noted that the setup is supported by several technical factors, suggesting that buyers are gaining ￰9￱ Reading: Chainlink Eyes Fresh Upside As Oversold Bounce Sets Stage For Bullish Continuation One of the main elements driving this setup is the price respecting the Orderflow Block, serving as a confirmation of demand ￰10￱ indicates that buyers are consistently defending this area, preventing LINK from falling lower and creating a strong foundation for an upward ￰11￱ also pointed out that there was a liquidity sweep just below last week’s low at $22.229, which trapped late short sellers in the ￰12￱ a move often strengthens the bullish case, as trapped shorts are forced to cover their positions, further adding buying pressure to the ￰13￱ to the bullish picture, Patel emphasized a Market Structure Shift (MSS), showing a clean bullish order flow in LINK’s price action.

Finally, Patel highlighted that the risk-to-reward ratio looks highly attractive, particularly with the option of placing tight stops, allowing traders to minimize downside exposure while maximizing potential gains if Chainlink confirms its breakout. Altogether, the key factors create a compelling case for LINK’s next bullish ￰14￱ image from Shutterstock, chart from ￰15￱