Overview

• Chainlink confirmed a daily double bottom breakout above the $18 neckline and cleared the long-term descending trendline, signaling a shift into bullish momentum.
• LINK successfully retested the $18 support zone, holding above $18.76 and reinforcing the breakout’s validity.
• The token climbed past $19.00 in the last 48 hours, trading near $19.20 as bulls defend recent gains.
• Analysts are eyeing immediate resistance at $20.01 and $23.30, with next targets at $24 and a potential extension to $32 if the bullish structure holds.
• Key technical indicators such as rising trading volume, increasing RSI readings and bullish EMA crossovers point to growing trader interest in LINK.