- Chainlink maintains bullish orderflow with strong support between $23.00–$23.50 after a clean Market Structure Shift.
- Liquidity sweep near $22.229 trapped shorts, while top traders hold aggressive long positions on major exchanges.
- Upside focus remains on $25.65 resistance, with potential expansion toward the $27–$28 liquidity pool.
Chainlink (LINK) is preparing for a potential bullish continuation as price action consolidates within a demand zone while derivatives data show strong long positioning from both retail and institutional traders.
Orderflow Support and Market Structure
The 4-hour chart shows Chainlink consolidating within a key demand zone between $23.00 and $23.50. This zone has acted as a reliable orderflow block, with buyers consistently stepping in to defend support levels. The price structure has shifted positively, forming higher highs and higher lows, suggesting a continuation of bullish orderflow.
A Market Structure Shift (MSS) earlier this month confirmed the transition from bearish momentum into a constructive uptrend. This shift provides a clear directional bias as traders look for sustained accumulation before the next breakout. The chart also indicates a potential short-term pullback, often preceding a larger impulsive move higher.
Analyst Crypto Patel noted that the current price behavior reflects demand zone strength, adding that such setups allow traders to operate with tight stop placement. This positioning creates an attractive risk-to-reward structure for market participants.
Liquidity Sweep and Sentiment Alignment
Chainlink recently swept the previous week’s low near $22.229, trapping late shorts while removing excess leverage. Such moves are common in smart money strategies, often creating liquidity pockets before initiating upward drives. The quick recovery back above support levels indicates firm buyer commitment.
In the short term, intraday price action has remained constructive, with LINK trading above $24.00 and showing strength with a recent rebound. The asset gained nearly 1.95% in the past 24 hours, while its four-hour gains reached 1.06%. These movements point to buyers actively defending every dip.
Beyond price, sentiment among traders also supports continuation. On Binance, the long-to-short ratio for accounts is 2.3344, showing that twice as many traders are long. For top traders, the ratio is even higher, with positions at 3.2936 and accounts at 3.08. On OKX, the ratio stands at 1.27, maintaining a bullish bias.
Targets and Broader Market Performance
The next immediate resistance is the previous week’s high at $25.65, a level that combines structural resistance and liquidity resting above recent highs. A break above this area could unlock targets in the $27 to $28 zone, where larger liquidity pools are positioned.
Chainlink has also performed strongly over longer horizons. Over the past 90 days, the token rose 97.22%, while 180-day returns reached 73.48%. On a yearly basis, LINK posted a 127.41% increase, placing it among the leading altcoin performers. Year-to-date, the asset remains up 23.40%, reflecting steady demand.As of writing, Chainlink trades at $24.71 with a 24-hour trading volume of $1.13 billion. Over the past week, LINK gained 0.24%, while the past 30 days saw an increase of 4.94%. Such consistent growth reinforces the token’s strength in both spot and derivatives markets.
