bullish

Resistance

Chainlink

would

<ul>
 <li>Chainlink forms a second bull pennant with breakout aligning closely to last month’s setup.<br></li>
 <li>MACD golden cross is imminent at nearly the same level as the August surge.<br></li>
 <li>Resistance remains between $28–$30, where the prior rally paused before retracement.</li>
</ul>
<p>Chainlink is repeating a technical setup identical to August, where a bull pennant breakout aligned with an imminent MACD golden cross.</p>
<div id="media_image-5" class="widget widget_media_image cfu-banner cfu_banner-728 cfu-banner-lg"><a href="https://buy.magacoinfinance.com/coinfuturadisplay" rel="noopener noreferrer nofollow"><img width="1452" height="181" src="https://coinfutura.com/wp-content/uploads/2025/07/magacoins-new.webp" alt="magacoins-new" style="max-width: 100%; height: auto;"></a>
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<h3 class="wp-block-heading" id="strong-repeating-technical-setup-strong"><strong>Repeating Technical Setup</strong></h3>
<p>Lark Davis (@TheCryptoLark) pointed out that Chainlink’s chart mirrors last month’s sequence. Then, a bull pennant formed in early August, followed by a breakout ahead of a MACD golden cross. That rally carried the token from $18 to nearly $28 within days.</p>
<figure class="wp-block-image size-full"><img src="https://coinfutura.com/wp-content/uploads/2025/09/image-144.png" alt="">
 <figcaption>
  Source: <a href="https://x.com/TheCryptoLark/status/1966917313912819725" target="_blank" rel="noopener noreferrer nofollow">TheCryptoLark</a> via X
 </figcaption>
</figure>
<p>The current structure on the daily chart shows another bull pennant forming during late August into September. The breakout has already emerged, and the MACD lines are about to cross at almost the same level as in August. This alignment has drawn attention as traders look for a possible repeat of the prior move.</p>
<p>Back-to-back pennant formations in an uptrend often indicate continuation. The market rhythm—breakout preceding MACD confirmation—suggests a familiar momentum structure. Traders remain watchful as the technical signals closely replicate conditions that previously triggered a sharp surge.</p>
<h3 class="wp-block-heading" id="strong-market-performance-and-activity-strong"><strong>Market Performance and Activity</strong></h3>
<p>Chainlink as of writing, trades at <a href="https://coinmarketcap.com/currencies/chainlink/" target="_blank" rel="noopener noreferrer nofollow">$24.82</a>, posting a daily decline of 0.96%. The price action shows a session high near $25.50, before retracing under selling pressure. The support level appears at $24.50, while sellers consistently cap rallies above $25.</p>
<p>The token maintains a market capitalization of $16.83 billion with a circulating supply of 678.09 million LINK. The fully diluted valuation stands at $24.82 billion, reflecting limited disparity between circulating and maximum supply. Liquidity remains steady, though the last 24 hours saw volume fall 11.58% to $955 million.</p>
<p>The volume-to-market cap ratio sits at 5.68%, indicating moderate activity. Traders may view reduced participation as a signal of consolidation ahead of a larger move. Still, short-term market conditions suggest indecision within a tight range.</p>
<h3 class="wp-block-heading" id="strong-resistance-levels-ahead-strong"><strong>Resistance Levels Ahead</strong></h3>
<p>While the technical outlook aligns with August’s bullish pattern, overhead resistance must be considered. Last month’s surge faced rejection between $28 and $30, a level that may again serve as a challenge.</p>
<p>If the MACD golden cross confirms alongside sustained breakout momentum, LINK could retest that resistance zone. However, traders remain cautious, as the prior rally stalled sharply once price entered that band. Sustained buying volume would be essential to drive continuation.</p>
<p>The sequence now depends on whether <a href="https://coinfutura.com/chainlink-price-surge-driven-by-whales-and-growing-ecosystem/" target="_blank" rel="noopener noreferrer nofollow">Chainlink can maintain momentum above</a> its pennant breakout. With technical indicators in place, the token could be on track to repeat its prior rally. The upcoming sessions may determine whether August’s script plays out once more.</p>

Chainlink Bullish Setup Resembles August Pattern With Breakout and MACD Golden Cross

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