Chainlink (LINK) is clearly benefiting from this recovery. On the daily chart, the price once again held above the 800-day EMA, indicating solid demand. For a sustainable trend reversal, it is crucial first to break above the resistance area along the diagonal trendline and then target the 50 EMA and 200 EMA. These two moving averages typically act as the first major barriers that determine the next price path.
If LINK faces rejection at these EMAs, a pullback toward the current breakout zone is possible to confirm it as new support. Only a successful defense of this area would lay the foundation for a steady breakout above the yellow diagonal trendline, providing a structural signal of a potential trend change.
The accompanying liquidity heatmap shows that most liquidity above the current price has already been absorbed, explaining the recent upward movement. Meanwhile, the MACD (Moving Average Convergence Divergence) is signaling a shift from negative to positive momentum, and the RSI (Relative Strength Index) is breaking above the midline — both indicators highlighting short-term strength and growing buying pressure.
Candlestick chart of Chainlink (LINK/USDT) with trendlines, moving averages, key indicators, and a projected upward path marked with a white arrow.
4-Hour Chart: Ascending Triangle Signals Further Upside
On the 4-hour chart, Chainlink (LINK) is forming an ascending triangle — a classic bullish continuation pattern that often appears within existing uptrends. The price is currently breaking out to the upside, opening the way toward the 200 EMA. A sustained breakout above this level could mark the beginning of a new bullish wave.
Indicators support this scenario. The RSI maintains a steady upward structure, signaling increasing buying interest. At the same time, the MACD continues to show positive momentum with no signs of short-term weakness.
Bitcoin’s ability to maintain its current recovery pattern remains key. If the broader market stays stable, LINK should have enough momentum to test and possibly break the resistance near the 200 EMA. The liquidation heatmap also shows that most short positions in the current price range have already been cleared, increasing the likelihood of a brief correction before the next upward impulse. A controlled pullback to the upper boundary of the triangle or the 50 EMA would be technically healthy and would reinforce market structure ahead of further gains.
Overall, LINK currently remains in a constructive setup. As long as the price holds above the 800-day EMA and market conditions stay steady, the chances for continued upside in the coming days remain high.
Candlestick chart of Chainlink (LINK/USDT) with trendlines, moving averages, and key support/resistance levels; projected upward trajectory highlighted with a white arrow.