Technical analysis by unichartz about Symbol LINK: Buy recommendation (8/12/2025)

LINK/USDT – Monthly Chart Analysis Chainlink is currently testing a multi-year resistance line that has capped price since the 2021 peak. The asset has been forming a large ascending triangle pattern with higher lows since mid-2022, showing accumulation pressure building up. Resistance Zone: $27–$35 Current Price: $23.94 Support Trendline: Holding strong since 2019 lows Structure: Bullish compression into resistance Key Takeaways: A monthly close above the resistance line could trigger a breakout towards $35–$50 in the medium term. Until the breakout is confirmed, expect possible rejections and retests of the $20–$21 zone. The risk/reward is attractive for spot investors looking for a breakout play. 📌 Watch the monthly close carefully — confirmation above resistance could mark the start of a strong LINK rally.