Chainlink (LINK) Breaks Resistance – What's Next?

Chainlink (LINK) surged past the $18.20 resistance level, confirming a strong breakout backed by rising volume and bullish technical signals.

Chainlink (LINK) price analysis reveals a bullish breakout on February 20 as the price surged past a key resistance level. The breakout was backed by rising volume and bullish technical signals, indicating a potential continuation of the uptrend. However, the RSI is now entering overbought territory, which might be cause for concern.

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Chainlink (LINK) Surges Past Resistance, But RSI Flags Overbought ConditionsChainlink (LINK) price analysis reveals a bullish breakout on February 020 as the price surged past a key resistance level. The breakout was backed by rising volume and bullish technical signals. However, LINK now risks a pullback from the highs as the RSI is entering overbought territory.

Chainlink (LINK) price analysis on 4-hour chart 4-hour Chainlink (LINK) price analysis on February 20 reveals a bullish trend as the price broke past a key resistance level. Currently, LINK is trading at the $18.25 level. A downtrend was observed earlier as the price decreased from $18.20 to $17.75. However, buying pressure returned later on, pushing the price back up to the $18.20 resistance level.

From the 4-hour Chainlink (LINK) price analysis chart, it can be observed that the price broke past the key resistance level at 03:30 UTC. This breakout was confirmed with increased volume and upward momentum. At the same time, a golden cross on the MACD signaled potential further bullish movement. Simultaneously, the RSI crossed above 70, entering overbought territory and reflecting heightened buying pressure.

Now Chainlink (LINK) price analysis shows that the price is up by 0.6 percent in the last 24 hours and a gain of up to 5.3 percent is observed in the past 7 days. The Bollinger bands are expanding as the volatility is increasing. The upper Bollinger band is present at the $18.80 level whereas the lower Bollinger band is at the $17.70 level.

Chainlink (LINK) price analysis: Recent developments and technical outlookChainlink (LINK) price had been oscillating within a range on February 19, bouncing off the $17.70 support multiple times. However, the downtrend that began around 15:00 UTC yesterday led to a death cross on the MACD at 18:!5 UTC and pushed prices lower until buyers stepped in at the $17.70 level. After that, LINK’s price rebounded, leading to a breakout above $18.20.

Now from the technical outlook, it can be predicted that the prices will continue to rise as the bulls are in control of the market momentum. In case LINK fails to sustain its momentum, a pullback towards the $17.70 support is possible. However, if the bulls manage to keep the prices above the $18.20 level, the next potential target could be around the $18.80 resistance.

Chainlink (LINK) price analysis: Best coins to buy todayBest Coins to Buy as LINK Breaks Resistance – What’s Next?Chainlink (LINK) price surged past the $18.20 resistance level, confirming a strong breakout backed by rising volume and bullish technical signals. However, the RSI is entering an overbought territory. With volatility looming, investors are shifting focus to early-stage crypto presales with massive growth potential. Aureal One is pioneering AI-powered blockchain solutions for smarter, more profitable investing, while DexBoss, a next-gen DeFi platform, offers advanced trading tools and high-yield staking rewards. These presales present a golden opportunity for those seeking the best crypto coin to invest for explosive gains.

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