The post Chainlink Price Path to $75 and Beyond Strengthened by Recent Action appeared on BitcoinEthereumNews.com.

Chainlink is exhibiting technical signals that support a bullish outlook, potentially paving the way for a significant price surge that could push the token toward the $75 to $80 range. Recent price movements show a transition from a prolonged consolidation period to more decisive upward momentum, offering key levels for traders and investors to monitor closely. Breakout from Long-Term Consolidation Sets Stage for Rally Analyst Zeuus X highlighted Chainlink’s weekly chart, illustrating an extended consolidation phase from 2021 through 2023. During this period, price movement remained relatively flat as the market absorbed previous gains and adjusted to shifting sentiment. This lengthy consolidation ended with a breakout in mid-2023, signaling a fundamental change in momentum from neutral or bearish to bullish. Source: X The breakout above former resistance levels, particularly maintaining gains above $24, provides strong evidence of renewed buyer interest. The analyst’s price projection suggests that sustaining levels above this support could open the way for the asset to target significantly higher resistance zones, with $75 to $80 positioned as potential medium-term objectives. The $24 support level emerges as a critical pivot—if price retraces to this zone, it could offer an attractive entry for long-term investors anticipating further appreciation. Short-Term Range-Bound Movement and Support Tests Data from Bravenewcoin charts paint a detailed picture of the token’s short-term price action, where the asset is currently navigating between support at $24 and resistance near $26. While trading volume remains robust, approximately $2.88 billion over 24 hours, recent price activity points to some selling pressure as the memecoin struggles to surpass its resistance level on a sustained basis. Source: BraveNewCoin The $24 support area is being closely tested, and failure to hold could expose lower levels—around $20.43, which corresponds with the lower Bollinger Band—making it a key threshold to watch. Currently, the token’s…

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Filed under: News - @ August 20, 2025 2:23 am