Chainlink Set for Breakout as Liquidity Sweep Boosts Bullish Momentum

Chainlink (LINK) is showing potential for a bullish breakout as momentum builds and buyer confidence increases. The price is currently testing critical resistance levels, which could determine its next major move.

Key Insights

Analyst More Crypto Online notes that the price action is impulsive, indicating strong buyer participation. However, confirmation of a breakout is still needed.
A decisive break above the $25 resistance level is crucial for further upward movement, reducing bearish risks and opening higher targets.
Crypto Patel highlights the importance of the Orderflow Block, indicating consistent buyer defense and strength in demand.
A recent liquidity sweep below $22.229 trapped short sellers, increasing buying pressure.
The Market Structure Shift suggests a bullish order flow, with an attractive risk-to-reward ratio for traders using tight stops.

Overall, these factors suggest a strong setup for LINK's potential bullish leg, pending confirmation of a breakout.