Chainlink, that plucky little contraption, was hobnobbing around $9.19 on TradingView, having shaken off an intraday pullback that saw LINK poke its nose into the lower reaches of the $9.00 range.
Meanwhile, the prodigiously named BIGGEST DC, scribbling on X with the flourish of a duke at a cigar, declared that LINK had already chalked up more than 45% of the profit of his previous arrangement and mused about a full take-profit move. BraveNewCoin, for its part, indicated that LINK was strutting at $9.10 and down 0.20% in the last 24 hours, with a market cap of $6.61 billion.
LINK Rebounds Toward $9.20
Notably, as I scribble this, TradingView data indicated that LINK/USDT was trading at $9.19. The price had slunk out of the upper range of the previous session, then settled near the figure of $9.08 before the buyers gave the token a gentle nudge higher in the late morning bustle.
Nevertheless, the rebound brought LINK back to the vicinity of $9.20, which stood as a snappy little resistance on the chart. A rise above that would spotlight the 24-hour high of $9.22 for the quick-witted short-term traders.
Nonetheless, LINK remained in a tight shoebox of daily fluctuations. BraveNewCoin pegged the 24-hour low at $9.07 and the high at $9.22, indicating the token had not yet breached its immediate price band.
The volume read stood at $178.67 million. Moreover, the available supply was quoted at 727.10 million LINK, while the token itself was 82.74% lower than its all-time high of $52.70 on May 10, 2021.
Analyst Chart Points to Trade Set-Up
On X, BIGGEST DC declared that LINK was delivering over 45% gains and asked whether the followers were continuing to ride the move. The attached TradingView chart indicates that Chainlink was trading at around $9.12 with significant downside targets of about $8.60.
The X chart presented two previous short formations, and red risk boxes were above the entry zones while green target boxes were beneath them. The most recent formation positioned LINK around the price of $9.12, and the price moved sideways after falling in the $9.40 area.
In the meantime, the chart indicated resistance in the range of $9.34-$9.42 and a higher level of $9.62. Such areas will also be applicable should LINK rebound and re-enter the upper portion of the new range.
The lower target of about $8.60 is, however, visible on the set displayed. That level would then come back into focus should LINK fail to hold the support area of $9.07 and the sellers take control back below the current consolidation.
MACD Displays Momentum in the Short Term
On one hand, the MACD indicator of technicals became positive in the recovery. Both the MACD line and signal line were floating in the 0.01 range, and the histogram was moving around the zero line, with improving short-term momentum, after previous weakness.
According to TradingView data, price action also exhibited a greater push by the $9.08 zone into the $9.19 zone. That action came after a smooth progression of higher intraday candles, as buyers intervened when LINK traded above the lower band of the day.
Nonetheless, confirmation remains pending follow-through that exceeds $9.20 to $9.22. Clearing above that zone might open the way to the resistance zones of $9.34 and $9.42 noted on the X chart.
On the other hand, this means that the token may stagnate in the range between $9.07 and $9.22, provided LINK stalls around $9.20. A slip below 9.07 would dilute the revival and nudge the focus back to the lower echelons of $9.00 and, heaven help us, the even lower $8.60 depicted in the trader’s grand design.
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2026-05-03 21:08