- LINK completed a textbook V-shaped recovery, surging from $11.50 to $20+, showing strong buyer conviction and momentum.
- The price now retests the breakout zone near $17–$17.50, confirmed by the 9-day EMA acting as solid support.
- Weekly 9/21 MA crossover and positive MACD signal confirm bullish trend, with upside targets around $20.50 to $25.
Chainlink (LINK) is flashing a powerful long setup, following a textbook V-recovery and a critical support retest. A recent tweet by Alpha Crypto Signal highlighted this bullish structure, aligning with key technical indicators and rising momentum.
V-Recovery Ignites Bullish Shift
Chainlink (LINK/USDT) has seen a sharp reversal since the low points of mid-June at the $11.50 mark and has once again entered bullish territory. The altcoin surged beyond the $20 mark with a V-shaped bullish trend that indicates high volume of buyers and confidence in price gains.
This rally didn’t just reclaim lost ground — it blasted through April and May resistance near $17.00–$17.50. Currently, LINK is retesting this zone, validating it as new support. The zone now acts as a key demand area and marks a potential launchpad for the next leg up.
Adding more strength, the 9-day EMA hovers tightly near $18.14. Price remains glued to this dynamic level, a sign of healthy trend continuation. Volume confirms this structure. While the breakout saw a notable spike, the pullback has shown declining volume — a typical signature of profit-taking rather than distribution.
Weekly Chart Confirms Strong Momentum
On the weekly timeframe, LINK’s bullish setup grows even more convincing. A fresh 9/21 MA crossover has formed, a powerful signal of trend reversal. Historically, this signal led to LINK rallying from $6 to over $20 in late 2023.
MACD has also flipped bullish. The line crossed above the signal, reinforcing medium-term momentum. LINK still trades well above both weekly moving averages. As long as we stay above $16, the bullish story is still intact.
Volume continues to support this outlook. Buyers stepped in aggressively during the breakout, and the structure remains favorable. A retest near $17.00 offers a clean re-entry, with minimal downside risk and clear upside targets.
Clean Setup, Tight Invalidation, and Clear Targets
LINK trades at $18.30, posting a 3.56% gain over 24 hours. Over the week, the asset has climbed 1.45%. The setup is simple and clean. Entry near $18.20 looks attractive, with tight invalidation below $17.00.
Upside targets sit between $20.50 and $22.00 in the short term. If broader market conditions remain favorable, $25 could come into play. Bulls remain firmly in control—and the confluence across timeframes supports a sustained move higher.
