Technical analysis by Quant_Trading_Pro about Symbol LINK on 8/18/2025

Chainlink has broken out of a long-term descending resistance, flipping structure bullish on the daily timeframe. Price is now hovering near the breakout point, with potential for a successful retest. Support: 24.0 (breakout retest), 18.0 (trendline support) Resistance: 30.9 (major local high target) Stoch RSI: Elevated, but still with room if momentum sustains If LINK continues holding above 24, the breakout structure remains valid, setting sights on 28–30.9. Failure to hold this retest risks a deeper pullback toward 18.