{"id":43692,"date":"2025-08-23T06:31:35","date_gmt":"2025-08-23T06:31:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=43692"},"modified":"2025-08-23T06:31:35","modified_gmt":"2025-08-23T06:31:35","slug":"chainlink-enters-critical-level-as-bulls-gun-for-40-heres-the-trend","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=43692","title":{"rendered":"Chainlink Enters Critical Level As Bulls Gun For $40 \u2014 Here\u2019s The Trend"},"content":{"rendered":"
\n

Chainlink recently broke $25 after an interesting few days, rising double-digits in a single day to stage a test of $27. The price was initially rejected at this level, which would suggest that the momentum does not have as much support as expected. This puts the altcoin in a precarious position<\/a> as the next move could determine what trend takes form from here.<\/p>\n

Chainlink Price At A Crossroads<\/h2>\n

In a TradingView post, crypto analyst CryptoPilot highlighted<\/a> where the Chainlink price currently is and the difficulties it is facing. It continues to trade below the $27.3 resistance, and with the latest rejection, is now moving toward the lower boundary of the ascending channel.<\/p>\n

In this case, the altcoin risks a price collapse<\/a> toward the $15-$17 level before its overextended move. It also aligns with the previous price performances when the price has been rejected in similar patterns, leading to a further downward move.<\/p>\n

There is also the possibility that the price will continue to rally, and that is only if there is a sustained move above the $27.3 resistance. Breaking this level with strong volume<\/a> could trigger a rise toward the top of the channel. This channel top lies at the $45-$52 level, suggesting that the price could double if the bulls take control.<\/p>\n

The major levels to watch now involve the resistance at $27.3, then with support lying low<\/a> at $18-$19 before the channel support at $15-$17. Next is the resistance after breaking $27.3, which lies at $34, all of which lies within the ascending channel structure that began back in mid-2022.<\/p>\n

\"Chainlink<\/p>\n

Sellers Could Run Out Too<\/h2>\n

Another analyst who goes by irritated.eth on the X platform has mentioned<\/a> that the current level where Chainlink is sitting is historically a sell zone. This is seen in the fact that whenever the price pushes upward a bit, sells mount and this breaks the price back down again.\u00a0Given this, for\u00a0Chainlink\u2019s bullish trend to continue<\/a>, the sellers would have to be exhausted, and the analyst points out a factor that could hint at this.<\/p>\n

First up is whether the price keeps rising to this sell zone, but sell volume shrinks. This would manifest in a steady uptrend, meaning that sellers are running out of tokens<\/a>. Then, there is the lack of sharp dips in this sell zone. Finally, if the price is able to break out of this zone above $40 and retest it as support, it would mean the sell-offs are exhausted.<\/p>\n

\"Chainlink<\/div>\n","protected":false},"excerpt":{"rendered":"

Chainlink recently broke $25 after an interesting few days, rising double-digits in a single day to stage a test of $27. The price was initially rejected at this level, which would suggest that the momentum does not have as much support as expected. This puts the altcoin in a precarious position as the next move […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-43692","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43692"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43692\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}