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Chainlink's LINK returns to key accumulation zone, hinting at potential long-term rally after past 550% surge.

Technical Signals
05 Aug 2026
FXEmpire
View Source
Bullish
pluang ai news

Chainlink's LINK token has re-entered a critical accumulation zone between $7.01 and $9.48, the same range that preceded a massive 550% price rally from around $5 to over $30 in 2022-2023. Holding above $7 could support a recovery, but a drop below this level might expose a major support near $5.17. LINK faces resistance at the $10.30-$12.75 EMA cluster and must break above this to target long-term resistance near $15-$18.60, possibly around 2027-2028. However, supply growth remains a challenge as new tokens are released annually, requiring increased demand to maintain price stability.

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