Chainlink (LINK) Price Prediction: Bulls Try to Flip $22.0 Into Support as Key Resistance Comes Into Play

LINK is currently trading just above the $22.0 resistance level and is showing renewed momentum on the lower timeframes. As noted in our previous analysis, the price once again found support around the $20.0 region and bounced from that area with steady strength. This upward movement allowed LINK to break above the key resistance at $22.0, and buyers are now attempting to turn this level into support. Let’s take a closer look at the latest LINK charts to understand where the price may be headed in the coming days.

Our Chainlink Price Prediction Summary

• LINK needs to hold $22.0 as support to keep the current momentum alive.
• A clean move above $23.0 could open the path to $25.0 and possibly $27.0.
• The falling channel and 50-day SMA are still key obstacles that buyers need to clear for a bullish shift.

Analyzing the Charts

Short-Term Price Action

On the 4-hour chart, LINK reacted well to the $20.0 support zone and gathered enough strength to break above the $22.0 resistance. However, the price struggled to move past $23.0 and was rejected there. Following that rejection, LINK has started to pull back toward the $22.0 level for a potential retest. This move is worth paying attention to because if the price stabilizes and bounces from $22.0, it would signal that the level has successfully flipped into support. In that scenario, the next area we will be eyeing is the $25.0 mark.

Daily Chart Structure

Shifting to the 1-day timeframe, the structure looks fairly similar. The price has already closed a daily candle above $22.0, but LINK still needs to hold this level a bit longer before it can be confirmed as support.

Critical Resistance Points

The chart also shows a falling channel, indicating that LINK is still moving within the broader downtrend that began in August after the rejection at $27. The 50-day SMA (simple moving average) is sitting near the upper boundary of this channel, adding further resistance even if LINK manages to push past the immediate $23.0 level.

If the price breaks out of this zone, our LINK price prediction would start leaning bullish, as a breakout would signal that the downtrend has been invalidated. In that case, the next level to watch would be $25.0, followed by the $27.0 region where the price previously faced strong rejection.

Final Takeaway: What is Next for Chainlink?

In summary, LINK has shown renewed strength after rebounding from the $20.0 support and breaking above $22.0. The immediate test now is whether the price can hold this level on both lower and higher timeframes. A successful bounce from $22.0 would confirm it as support and open the way toward $25.0, with $27.0 coming into play if momentum continues.

However, the falling channel on the daily chart and the 50-day SMA overhead suggest that resistance is still present, and buyers need a clean breakout to shift the broader trend. For now, the indicators show early bullish intent, but confirmation depends on how LINK reacts around $22.0 in the short term. If momentum holds and resistance levels give way, the LINK price prediction will lean more confidently to the upside. If not, another retest of lower support levels cannot be ruled out.