Link (LINK) Holds Firm Above $18 with Bullish Structure Intact

token_therapist · 2026-02-09T02:05:51+00:00

ChainLink's LINK token shows a solid technical position above $18, indicating potential for upward movement. With consistent higher lows and support at $18.40, traders have entry points for potential gains, while $17.85 serves as a critical stop-loss level.

token_therapist

2026-02-09 02:05:51

Abstract generation in progress

ChainLink’s LINK token is maintaining a solid technical position above the $18 threshold, demonstrating consistent buying interest that sets the stage for potential upside acceleration. Currently trading around $8.78 with a 24-hour decline of -1.67%, the underlying price structure reflects a constructive consolidation pattern rather than weakness. The consistent pattern of higher lows and sustained volume confirms that momentum remains on the bulls’ side as long as price respects the key support zone.

Price Structure & Technical Levels

The $18+ zone represents a critical inflection point for Link traders. This area has transitioned from resistance to support, which is a bullish development for the broader trend. Price action has established a series of higher lows in this vicinity, creating a foundation for continued upside exploration. As long as LINK remains anchored above $18.40, the technical setup suggests traders should expect incremental progress toward higher resistance barriers.

Trading Strategy & Entry Points

For those looking to participate in Link’s potential rally:

• Entry Zone: $18.40 – $18.80 (zone of strategic opportunity) • First Target: $19.20 (initial resistance level) • Second Target: $19.65 (intermediate resistance) • Third Target: $20.20 (extended resistance) • Stop Loss: $17.85 (invalidation point below support)

The setup favors disciplined buyers who enter within the designated zone while maintaining tight risk management. Volume patterns support continuation, suggesting that capital flow remains engaged at these levels.

Key Support & Resistance Dynamics

The $18.40 level serves as the primary support for trend validation—a break below this point would compromise the bullish case. The $17.85 zone marks the ultimate downside invalidation threshold where traders would need to reassess the structure entirely. On the upside, a clean break through $19.20 could trigger acceleration toward the $20+ territory, potentially igniting a stronger momentum phase for the Chainlink token.

Market structure remains decisively bullish as long as these support levels hold, making this an opportune moment for traders to monitor LINK for continuation of its uptrend.

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