Technical analysis by SILICIDE about Symbol LINK: Buy recommendation (9/2/2025)

Chainlink (LINK/USD) is consolidating within a bullish wedge formation, signaling the potential for an upward breakout. A trade entry is favored on confirmation of a breakout, with upside targets set at $25 and $26. To manage risk, traders should consider placing a stop-loss at $22. This setup offers a favorable risk-to-reward profile, though confirmation from price action remains key.Today’s release of the JOLTS data (around 5:00 PM AST) could fuel this.