LINK 1D – Descending Resistance Broken, Retest in Progress

Wait 5 sec.

LINK 1D – Descending Resistance Broken, Retest in ProgressLINKUSDT SPOTBITGET:LINKUSDTQuant_Trading_ProChainlink 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.