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Best Altcoin Setup for May 2026
Chainlink LINK USD Squeezed in an Ascending Triangle
Chainlink LINK USD is currently trading at $9.13. It has pulled back after reaching a peak of almost $31 in August 2025. On the weekly chart, an accumulation pattern that has been maturing since January 2026 is prominent. The main support is in the $5.50 to $7.50 range.
The first resistance is at $13. Other selling pressure is in the $17-$18 range. The weekly Relative Strength Index (RSI) bottomed out at the beginning of 2026 and is now returning to the 50 level. The BBWP indicator is printing consecutive dark blue bars; this indicates a price movement after a squeeze.
On the daily chart, LINK has been forming an ascending triangle since February. The price is holding the rising trend line from $7 and is squeezing the $10 horizontal resistance.
A confirmed breakout above $10 could push the price up to $11.92. This value is marked as an upside target on the chart. A downside break of the rising trend line opens the door first to $8, and then to a negative target of $6.80.
Daily trading volume and BBWP are narrowing in parallel. This indicates that the consolidation is coming to an end and a new price move may be imminent. The daily RSI is near 50; the neutral trend is maintained.
The $644 million buyback program stands out as a key detail that will provide momentum to the Real World Asset (RWA) narrative if the triangle breaks upwards.
$LINK