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- Chainlink (LINK) currently trades at $24.07 and shows bullish potential toward $26.50.
- LINK has broken a major Gann resistance angle that had capped price for over a year.
- Next key resistance levels are $26.50, $38.50, and $52, with support at $19.50.
- Maintaining momentum above $19.50 is critical for a sustained bullish trend.
- Gann fan analysis provides insight into potential price turning points and long-term targets.
Chainlink Eyes $26.50 After Breaking Key Gann Resistance
Chainlink (LINK) is showing renewed bullish momentum after breaking through a key Gann resistance level that had restrained price action for over a year. Currently trading at $24.07, LINK could target $26.50 in the coming months, signaling a potential continuation of the bullish cycle.
Also Read: Chainlink Price Rises 14% After Reserve Launch with $25 Target
Chainlink Gann Fan Breakout
LINK’s monthly chart highlights a decisive breakout above a critical Gann angle. The Gann fan, which maps geometric price angles to identify potential support and resistance, shows that LINK has steadily climbed from sub-$6 levels in early 2023, overcoming multiple Gann resistance lines along the way.
The $26.50 area, aligned with the 2/1 Gann angle, now stands as the next major resistance. Beyond this, the 3/2 angle suggests potential targets of $38.50, while $52 remains the ultimate resistance from the previous cycle. Each level corresponds to historical highs and requires strong volume to sustain upward momentum.
Historical Price Movement and Resistance
LINK previously peaked near $52 in 2021 before entering a prolonged downtrend that sliced through several Gann support lines, bottoming between $5–$9 in mid-2022. Since early 2023, the recovery has been steady, with LINK surpassing the 1/1 and 3/4 Gann angles. Each breakout has been followed by consolidation periods, providing a strong foundation for continued upward movement.
The most recent bullish candle broke above the 1/1 purple Gann line, which had capped price for more than a year. Holding above this level is critical for targeting $26.50 in the medium term.
Forward Outlook and Key Price Zones
If LINK maintains its momentum, $26.50 is likely achievable, with intermittent consolidations expected along the way. Exceeding this level could open the path to $38.50 and eventually $52. However, a failure to sustain above $19.50 could push LINK back toward the mid-$13 range, testing lower Gann supports and threatening the bullish setup.
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