38% Chainlink Rally Incoming if LINK Breaks Through This Stiff Resistance Level, Says Crypto Analyst

38% Chainlink Rally Incoming if LINK Breaks Through This Stiff Resistance Level, Says Crypto Analyst


Crypto analyst and trader Ali Martinez believes Chainlink (LINK) could soon move another leg up.

Martinez tells his 42,400 followers on the social media platform X that the decentralized oracle network Chainlink could break through a key resistance level and soar to $26.87.

“Chainlink faces stiff resistance between $19.40 and $20.03, where 5,330 addresses hold over 8.59 million LINK. But if LINK can break through this supply wall, the next critical area of resistance is around $26.87, representing a 38% price increase!”

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Source: Ali Martinez/X

The trader’s chart tracks the In/Out of the Money Around Price (IOMAP) for LINK, a metric that helps identify a particular digital asset’s support and resistance levels.

Other traders are also bullish on Chainlink.

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