Chainlink Wave Analysis – 7 August 2025

Chainlink: ⬆️ Buy

– Chainlink reversed from the support area

– Likely to rise to resistance level 19.55

Chainlink cryptocurrency recently reversed from the support area between the support level 15.00 (former resistance from June), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse i from June.

The upward reversal from this support area stopped the previous short-term ABC correction ii from last month.

Given the strongly bullish sentiment seen across the cryptocurrency markets, Chainlink cryptocurrency can be expected to rise to the next resistance level 19.55.

Source: https://fxpro.news