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Chainlink Steadies Near $22 as Analysts Map $16 Test or $24–$27 Breakout Path Toward $100

Market focus has shifted to a $16 support test versus resistance at $24–$27 to confirm direction.

Overview

  • LINK trades around $22.29 on September 6 with roughly $1.23 billion in daily volume and a market value near $15.1 billion, placing it 13th by market cap.
  • Chartists highlight a multi‑year triangle pattern that, if resolved upward, could support a measured move toward about $100.
  • Several analysts view a controlled dip toward $16 as the strongest bullish setup, citing that zone as pivotal support and an accumulation area.
  • Reclaiming approximately $23.5–$24 and breaking through $25–$27 are identified as the next hurdles, with $31 and $50–$52 as subsequent targets.
  • Short‑term momentum reads cautious, with MACD below the signal line and RSI under 50, keeping attention on support near $19.53.