Chainlink Eyes Fresh Upside As Oversold Bounce Sets Stage For Bullish Continuation

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Sharing his daily technical outlook, CryptoWzrd noted in a recent postthat Chainlink(LINK) ended the session bullish, hinting at the possibility of further upside. With LINKBTC rebounding from an extreme oversold zone, LINK could be gearing up for its next move upwards. Bullish Daily Close For Chainlink And LINKBTC

CryptoWzrd, expanding on his latest analysis, explained that both Chainlink and LINKBTC closed the day with bullish daily candles, a sign that momentumcould be building in favor of buyers. This positive structure on higher time frames indicates that sentiment may be shifting after recent corrective moves. Related Reading Chainlink Eyes Crucial Resistance After $25 Reclaim – Breakout Or Breakdown Next? 2 days ago

According to the analyst, LINKBTC in particular needs to sustain this trend by printing additional bullishdaily candles from its current position. Given that it has already bounced from an extreme oversold condition, the probability of follow-through strength remains elevated. 

A continued push from this zone could lay the foundation for further upside in LINK. With momentum gradually returning, CryptoWzrd suggested that Chainlink has the potential to challenge the $40 resistance in the coming days.  LINK build upside momentum | Source: Chart from CRYPTOWRZD on X

On the way up, the analyst highlighted $30 as the next immediate resistance level. Based on current momentum, he believes this zone could be broken without much difficulty, provided bullsmaintain their control. Meanwhile, on the downside, he pointed out $20 as the main daily support , a level that would need to hold to protect LINK’s broader bullish outlook.

CryptoWzrd went on to note that his attention will remain on lower time frame chart setups tomorrow. By closely tracking intraday formations, he aims to identify quick scalp opportunities, while also keeping the broader daily structurein mind as Chainlink attempts to strengthen its bullish case. Jackson Hole Sparks Heavy Volatility On LINK Charts

Giving his final verdict, CryptoWzrd highlighted that the intraday chart displayed extreme volatility, largely influenced by market reactions during the Jackson Hole Symposium. The sudden swings highlighted how sensitive the market has become to macroeconomic cues, leaving traders on high alert for short-term opportunities. According to his analysis, a potential pullback below $26.50 followed by a bullish reversal would provide a strong long setup, with targets extending toward $31 and possibly higher.  Related Reading Chainlink Tipped To Outshine XRP In Global Banking Links: Analyst 1 week ago

However, CryptoWzrd cautioned that if Chainlink holds below the $26.50 mark without showing signs of recovery, the market could slip into more sideways volatility. Such conditions often frustrate traders, as momentum fades and clear directional setups become harder to identify. With the weekend approaching, the analyst’s expectations remain balanced and rational, acknowledging that lower liquidity conditions could also impact price movements. LINK trading at $25 on the 1D chart | Source: LINKUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com