LINK Price Analysis: Can a Break of the Trendline Unlock $31 Potential?

Chainlink (LINK) is poised for a potential breakout above its yellow trendline, which could signal gains exceeding $31. However, recent attempts to break this resistance level have been unsuccessful, indicating significant seller pressure at current levels. 8-hour chart analysis from Crypto Online highlights this key moment. A successful breakout would invalidate the bearish structure and open the door to reaching the coveted $31+ price zone. This potential shift comes as LINK navigates a volatile market, its role as a leading oracle provider ensuring continued focus for investors.