Chainlink is trading around $21.43 and still showing strong structure after its summer breakout. Traders are watching closely as the chart indicates that another upward move could be forming.
Prominent analysts on X (Formerly Twitter), including LLucianoBTC and DonaldsTrades, see signs that the pullback might soon give way to a new rally.
Analysts Spot a Possible Next Move for LINK
Crypto analyst LLucianoBTC posted that “$LINK is linking for another wave,” pointing to expectations of more upside.
$LINK is linking for another wave, IMO. pic.twitter.com/wRWAhRM9lY
— Lucky (@LLuciano_BTC) September 29, 2025
DonaldsTrades added that there’s been a “nice bounce,” referring to the way price reacted at key support. Their posts reflect what the chart shows, LINK price holding steady in a setup that could launch the next push higher.
How the LINK Chart Is Shaping Up
LINK’s path over the past year can be seen in three steps. It first broke out in late 2024, then slid into a long downtrend channel through early 2025.
Chainlink price was in the $12-$14 demand zone and broke higher in July, starting a new uptrend that carried into August and September.
After peaking near $30.94, LINK entered a downward‑sloping channel. Analysts read this as a bull flag, which often signals a pause before the trend resumes. Higher highs and higher lows on bigger timeframes remain intact.
Key Levels in Play for Chainlink
Support now sits at $20.5‑$21, where buyers stepped in during the latest dip. If that area fails, the next zones are $19‑$19.6 and $17‑$17.5, with the main base still down at $12‑$14.
On the upside, the first barrier is around $23‑$24.50. A daily close above it could open the path to $26‑$28, then the old highs near $30‑$31, and possibly $32‑$34 if momentum builds.
Whats Next for LINK
The trend from the July breakout remains upward. As long as LINK price stays above the $21 area, analysts believe the conditions are in place for a breakout above $23‑$24.50, which could set up another run toward those higher targets.