Oh great, another cryptocurrency story. Chainlink (LINK) has decided to flex its muscles and reclaim the 50-day moving average like it’s auditioning for a gym membership commercial. And guess what? It closed above the value area high too! Cue the confetti 🎉. Apparently, this means bulls are eyeing $33.75, but let’s not get ahead of ourselves here.
- Trend: Reclaiming the 50-day MA and closing above VAH? Sounds fancy. Higher highs, higher lows-basically, LINK is trying to be the Warren Buffett of crypto charts right now.
- Support: If price retraces to $19.28, we might see a “bullish higher low.” Or, you know, it could just collapse like my plans for a productive Monday.
- Target: Bulls want $33.75, but they’ll probably stop for coffee along the way. Consolidation is likely because nothing in life-or markets-is ever straightforward.
So yeah, Chainlink has entered what I’d call its “decisive bullish phase,” which sounds impressive until you remember that crypto can turn on a dime faster than Larry David deciding whether or not to upgrade his flip phone. The breakout above the value area high apparently confirms structural strength and market demand. Translation: People are buying, but who knows why?
Key Technical Points That Might Actually Matter
- $19.28 Support Zone: This level is so important it aligns with both high-time frame support AND the value area high. A retest would be like finding an old sandwich in your fridge-it’s either gross or surprisingly still good.
- Weekly Market Structure: Closing above the value area high means higher highs and higher lows. Finally, some consistency! Unlike my diet during football season 🍕.
- Upside Target at $33.75: Profit-taking alert! Because nothing says success like cashing out before everyone else panics.
Apparently, from a “market structure perspective” (whatever that means), LINK is trading with consistent higher highs and higher lows. Wow, someone give these guys a gold star ⭐. Buyers seem confident paying more, which is ironic since most of us struggle to pay our bills on time. But hey, if they’re willing to absorb supply at elevated levels, maybe there’s hope after all.
Of course, no one said this ride would be smooth. A corrective move toward $19.28 isn’t off the table, but don’t worry-it’s supposedly “healthy.” Healthy resets are great unless you’re talking about my fantasy football lineup; then it’s just depressing.
The volume profile adds fuel to the fire, showing increasing bullish volume. Active demand? Check. Buyers willing to pay more? Double check. All signs point to sustainability, but let’s face it: Crypto is less predictable than my mood when I miss lunch.
Nobody Knows)
As long as Chainlink stays above $19.28, the outlook remains bullish. Consolidation could drag on longer than a bad sitcom, but if buyers keep control, $33.75 is within reach. Just remember: In crypto, every bull run comes with a side of drama. Enjoy the show! 🎭
Read More
- Gold Rate Forecast
- Brent Oil Forecast
- Silver Rate Forecast
- USD IDR PREDICTION
- EUR RUB PREDICTION
- STETH AUD PREDICTION. STETH cryptocurrency
- USDE PREDICTION. USDE cryptocurrency
- EUR USD PREDICTION
- USD MXN PREDICTION
- USD AUD PREDICTION
2025-08-20 19:24