Chainlink Could See Further Gains After Bull Pennant Breakout As MACD Golden Cross Nears

• Recurring bull pennant and confirmed breakout

• MACD is nearing a golden cross at levels similar to the prior 55% rally.

• Current LINK price: $24.71; weekly gain: 10.83%; key resistance near $30 with upside targets $36–$38.

Chainlink price update: LINK shows a bull pennant breakout with MACD alignment—watch $30 resistance and $36–$38 targets; read the technical outlook now.

Chainlink price forms another bull pennant with breakout confirmed as MACD golden cross nears, echoing last month’s +55% rally setup.

• Chainlink repeats a bull pennant and breakout pattern similar to August, when the price surged from $18 to over $28.
• The MACD indicator approaches a golden cross at nearly the same level as before, aligning with the previous 55 percent rally.
• Current LINK price stands at $24.71, with a 10.83 percent weekly gain, while traders eye resistance near the $30 mark.

Chainlink (LINK) price is displaying a familiar technical structure that traders have seen before. The pattern suggests a possible continuation if market conditions align with past movements and momentum indicators confirm the move.

What is the current Chainlink price outlook?

The Chainlink price outlook is cautiously bullish after a confirmed bull pennant breakout and an approaching MACD golden cross. Immediate resistance sits near $30; a sustained breakout above that could target $36–$38 based on the prior 55% extension.

How does the bull pennant pattern form and why does it matter?

The bull pennant forms when price volatility compresses into converging trendlines after an initial impulse. This consolidation reflects lower highs and higher lows, and a breakout often resumes the prior trend. In LINK’s case, the last pennant led to a rapid 55% gain after a MACD crossover.

How does the MACD golden cross affect LINK price projections?

The MACD golden cross, when the MACD line crosses above the signal line, signals rising momentum. For LINK price, a crossover occurring near the same level as the prior breakout increases the technical probability of a similar extension, though traders should confirm with volume and broader market context.

What are the immediate support and resistance levels for LINK?

Immediate resistance: ~$30 (short-term control level). Support zones: prior pennant base near $20–$22 and intra-day support at $24. A daily close above $30 would validate the breakout; failure to hold $22 would negate the pattern.

Frequently Asked Questions

Will Chainlink reach $36–$38 after this breakout?

A sustained breakout above $30 paired with confirmed MACD momentum and rising trading volume would make $36–$38 a realistic technical target, based on a measured move from the pennant and the precedent 55% extension. Risk management is essential.

Is the MACD golden cross a guaranteed buy signal?

No. The MACD golden cross signals momentum shift but must be confirmed with price action, volume, and market context. Use stop-losses and validate trend continuation on multiple timeframes.

Key Takeaways

• Pattern repeat: Chainlink shows a bull pennant similar to the prior setup that preceded a 55% rally.
• MACD alignment: A near-identical MACD golden cross level strengthens the technical case for continuation.
• Risk management: Validate the breakout with volume; monitor $30 resistance and protect downside near $20–$22.

Conclusion

The technical picture for Chainlink price is constructive after a pennant breakout and an approaching MACD golden cross. Traders should look for volume confirmation and a daily close above $30 to validate targets near $36–$38. COINOTAG will monitor updates and provide follow-ups as price action develops.

Published: 2025-09-14 | Updated: 2025-09-14 | Author: COINOTAG