Chainlink Trend Shift Sparks Hope for Bullish Continuation
Chainlink has been under pressure for months, but something has quietly changed on the daily chart. Traders following the setup are now watching closely to see whether this shift in structure actually holds up.
The levels discussed below come from the 1-day LINKUSDT perpetual chart on Bybit via TradingView. As this is a short-term daily setup, these levels should be rechecked if the price closes meaningfully beyond the stated range.
LINK broke above a long-standing daily descending trendline that had capped the price for months. Price is now finding support from a newer ascending trendline formed off recent higher lows.
A close above $9.289 opens the path toward $10.873 and then $14.383. A close below $7.529 would flip the picture, with $7.167 as the next support to watch.