- The chart shows LINK moving inside a rising structure that holds above both the base channel and the long accumulation zone.
- Several Gann channels outline upside paths with clear levels that sit at $29.57 and $49.28 and $79.21 for the next stages.
- The macro accumulation range forms a floor that kept price steady through the pullback and now supports the advance above it.
Chainlink trades inside a large rising structure built on a Gann angle grid as the asset holds above its macro accumulation range, and the chart presents clear upside levels at $29.57 $49.28, and $79.21, which align with the long-term channel system that has guided the asset across several years.
Price Holds Above the Macro Accumulation Range
The chart shows a wide zone marked as the macro accumulation range. This zone extends across most of 2022 and 2023. LINK spent many months inside this area. Price moved sideways within the band. This behavior created a long base. That base now acts as a support structure.
Above the accumulation range sits the discount channel. The channel rises from the lower left side of the chart. Price followed this line several times. The discount line served as support during each decline. Even sharp pullbacks returned to the channel before reversing upward.
The chart confirms that LINK now trades well above the zone. The move out of the range shows a shift in direction. Vertical lines mark the years. They help track each phase of movement. The asset now approaches the mid line of the long channel. This is shown by the red angled lines forming parallel paths.
Gann Channels Show Three Clear Upside Levels
The chart uses a 1×1 Gann angle resonance grid. Each line slopes upward at a fixed rate. These lines form several channels. The base channel sits at the lowest part of the structure. Above it sits the discount channel. Above that sits a larger topping channel.
Inside the topping channel lie several targets. These targets align with past reactions at earlier points. The first major target sits at $29.57. The second sits at $49.28. The final sits at $79.21. Each target sits near the upper region of the grid. These levels reflect the next zones of interest if LINK continues along the same path.
The price currently moves inside the mid zone of the grid. This area contains overlapping channels. Each channel has edges that served as resistance in earlier cycles. The chart suggests that price may return to the upper grid lines if the current trend remains intact. The labels show clean spacing between targets that fit the Gann structure.
Channel System Guides the Long-Term Direction
The long-term chart shows LINK respecting each Gann boundary. The price touched the base channel early in the cycle. Later, it moved to the upper topping channel during its strongest rallies. After that peak, the asset returned to the discount channel. It then moved sideways in the accumulation range for several months.
As the price now rises from the range, the asset interacts again with the mid channels. The slope of these lines shows the pace of the long trend. LINK has stayed within the channel system for several years. Each swing found support or resistance on the angled lines. Because of this setup, traders now monitor the $29.57 zone as the next point of interest.
With these channels guiding price across several cycles, the chart raises a direct question that shapes market focus: Can LINK maintain its position above the accumulation range long enough to approach the higher Gann targets at $29.57 $49.28 and $79.21?
The chart data presents only these levels and the repeated behavior around each channel. LINK remains inside the long grid. The next test sits at the lower boundary of the topping channel. The targets reflect the long-term structure that has governed the asset since early 2020.
