Chainlink Holds $22 As Traders Target $50 With $20 Support Intact

Chainlink trades at $22.23 after bouncing at $20.08 which now stands as the critical support zone.

Resistance levels at $27.50 and $36.18 are marked as the next checkpoints before higher long-term targets.

Chart projections show Chainlink could extend toward $50.00 and $52.73 if momentum builds above support

Chainlink’s LINK token is trading near $22.23 after testing the $20.08 support level, according to TradingView data from September 7. The LINK/USDT daily chart shows Chainlink trading above a critical support zone at $20.08. The asset has bounced from this level, with current trading levels near $22.23. The chart highlights a short-term pullback after testing higher resistance zones.

Resistance stands near $27.50, while the next significant barrier is projected at $36.18. If LINK maintains momentum, technical projections indicate a long-term target above $50.00. The chart outlines a path where LINK could rally toward $37.50 before extending to $52.73.

Support zones remain critical. $20.08 has emerged as a strong base, followed by $17.50 and $15.43. Traders are monitoring whether these levels can continue to hold. Failure to maintain them could trigger additional declines.

Trading Strategy Outlook

The trading setup indicates a bullish outlook with bids placed around $20.00. Market participants anticipate higher targets with a medium-term focus. The projected trajectory suggests LINK could consolidate before testing resistance zones once more.

Chart projections mark $36.18 as a mid-term target if price action sustains above the $20.00–$22.00 range. From there, continuation patterns point to $50.00 as a longer-term goal. Traders on social platforms referenced $20.00 as the critical entry point for buy orders.

Market sentiment highlights the importance of $20.00 as a psychological and technical threshold. Reclaiming this support level may set the stage for renewed upward pressure. Short-term volatility could test traders’ patience, but levels above $27.50 remain the next focal point.

What Comes Next?

The pivotal question is whether Chainlink can maintain support near $20.00 and build momentum to challenge the $50.00 target. Past performance shows that sustained rallies required multiple retests of support before breaking through resistance levels. Traders will watch closely for consolidation patterns before decisive moves.

If LINK rises above $27.50, the next technical checkpoint sits at $36.18. A breakout above this line opens the possibility of testing $50.00 and potentially extending to $52.73. These levels form the basis of long-term projections indicated on the TradingView chart.

Volume data shows renewed buying activity after the bounce at $20.08. With LINK holding above this base, the outlook favors attempts toward higher levels. The charted pathway suggests LINK may climb in stages, with consolidation phases shaping its upward route.