从历史上看，这种突破会导致持续的反弹，而 15 美元的重新测试被认为是一个强烈的确认信号。因此，交易员们正在密切关注 $LINK 能否在未来几个交易日中稳固在该水平之上。Chainlink [LINK] has decisively broken through its long-term downside channel, indicating a major shift in momentum. The break comes after months of consolidation and bearish pressure, indicating a possible reversal of the trend.
At press time, LINK traded at $14.54, up 3.74% over the past 24 hours, and had a market capitalization of $9.07 billion. The surge in trading volume also reflects increasing market participation. LINK appears to be expected to rally to the $15 target as the price retests the $23 resistance level.
LINK retests key levels with strong bullish momentum
Retesting the $15 resistance level (a key price area) added more chips to LINK's bullish breakout. This level now acts as a springboard and could push the coin up 53%, targeting the $23 resistance level.
Historically, this breakout led to a continued rebound, and the $15 retest was seen as a strong confirmation sign. As a result, traders are watching closely to see if $LINK can stabilize above this level over the next few trading days.
The momentum indicator provides an additional bullish signal.MACD It shows the growing divergence between the MACD and the signal line, while the green bar chart continues to rise. This indicates that buying pressure is steadily increasing.
Furthermore, the Fibonacci retracement from the previous low to the recent breakout placed the $23 level in a key resistance zone, confirming its importance in the broader price trajectory.
LINK on-chain activity enhances positive outlook
On-chain metrics further support this bullish view. The number of active addresses increased by 1.24% over the past 24 hours, reflecting the growing engagement of the Chainlink network.
Furthermore, the number of transactions increased by 1.76% over the same period, to 13,065. An increase in trading activity indicates an increase in network usage, which is usually associated with rising prices.
Liquidation data highlights bullish sentiment
Liquidation data shows that traders are overwhelmingly betting on a rise in LINK's price. The total amount of long liquidations was $0.6761 million, which is significantly higher than $0.1063 million in short liquidations, showing strong market confidence.
This imbalance indicates that traders expect further price increases, adding another layer of optimism to the current outlook.
All in all, Chainlink broke through the downside channel while successfully retesting $15, indicating that LINK is on track to reach the $23 target.
With a strongTechnical indicators, growing on-chain activity, and bullish liquidation data, the rebound appears to be sustainable. As a result, as long as LINK consolidates above $15, it is likely to reach $23 in the near term.
In simple terms, Chainlink broke through the downside channel and re-tested the $15 resistance level. The next target is $23, while on-chain metrics and liquidation data support the continued bullish momentum of $LINK's rise.
