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Chainlink Tests $22 Pivot With $21.30 Support in Focus

Diverging calls hinge on a multi-year triangle against a stubborn monthly trendline.

Overview

  • Traders are watching a near-term pivot at $22.00, with $21.30–$21.40 identified as the first line of support.
  • A rejection at $22.00 could open a move toward $20.00, while a confirmed break above that level may set up a run to roughly $26.00, according to Crypto Monkey.
  • MarketMaestro notes a red diagonal resistance from the 2021 peak still capping rallies, with a decisive monthly close above it reviving a $31 objective.
  • Ali Martinez highlights a weekly triangle that could map to a ~$100 target on breakout, while suggesting a pullback to $16 would offer a tactical buy at the 0.5 Fibonacci level.
  • Market participation remains firm with about $839 million in daily volume, alongside a market cap near $14.48 billion and a circulating supply of roughly 678 million tokens.