Chainlink (LINK) Up 10% — What's Next?

Chainlink (LINK) is showing signs of improving short-term momentum, even as its broader market structure remains bearish. This creates a mixed technical picture: buyers are beginning to gain strength in the short term, but the higher-timeframe trend still calls for caution. Several key support and liquidity levels could help determine whether the recovery continues or selling pressure returns.

Chainlink (LINK) technical analysis

LINKUSD - 1 Day Time Frame

Chainlink is currently forming internal bullish market structures within a broader external bearish structure. The current internal bullish setup is supported by two key zones. The first is located between $7.8 and $8.1, representing the area from which the previous internal bullish impulse developed. This zone is highlighted in blue on the attached chart and acts as the deeper structural support for the current setup.

The second support zone, located between $8.4 and $8.6, was formed during the impulsive move itself and acts more as a momentum-supporting area. This zone is highlighted in orange on the chart. As long as price continues to respect these areas, the internal bullish structure could remain intact.

Another important area to watch is around $8.9, where the nearest Buy-Side Liquidity level sits close to the 0.5 Fibonacci retracement level of the broader external bearish structure. A move above this level would place LINK within the Premium zone of that broader structure.

From a market-structure perspective, this area could attract increased selling pressure, as higher prices may provide more attractive opportunities for sellers within the broader bearish trend. Therefore, while the improving internal structure could support a potential long position, the reaction around $8.9 remains important.

Chainlink (LINK) price target

Based on the current structure, a long position could be considered, with a protective Stop Loss around $8.2. This level represents the main risk area for the current internal bullish setup. If LINK maintains its bullish momentum and moves through the $8.9 area without a strong bearish rejection, attention could shift toward the next Buy-Side Liquidity levels at $9.3, $10.0, and $10.9.

However, the broader external structure remains bearish, meaning these upside targets could also become areas where selling pressure increases. A strong rejection around $8.9 could indicate that the external bearish trend is beginning to reassert itself, while continued strength above this area could support further upside toward the higher liquidity targets.

For now, LINK's internal structure is improving, supported by the $7.8–$8.1 and $8.4–$8.6 zones. The reaction around $8.9 could be particularly important in determining whether the short-term bullish move extends toward $9.3, $10.0, and $10.9 or whether the broader bearish structure regains control.

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