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Reading: Chainlink Consolidates Near Resistance, Is A Bigger Rally In Sight?
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The cryptonews hub > Blog > Crypto News > Ethereum > Chainlink Consolidates Near Resistance, Is A Bigger Rally In Sight?
Ethereum

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

Crypto Team
Last updated: August 30, 2025 12:55 pm
Crypto Team
Published: August 30, 2025
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wp header logo 2995 Chainlink Consolidates Near Resistance, Is A Bigger Rally In Sight?

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 sessions. Such a development could potentially trigger another leg higher.

To 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 setup. This strategy reflects a balanced approach—ready to capitalize on both potential downside dips and upside breakouts.

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The chart further suggests that buyers are targeting a retest of the $24.30 resistance level. This zone stands out as a critical barrier, and a successful test could determine whether LINK is ready to extend its upward trajectory. 

source

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