According to a new market report by crypto analyst Rekt Capital, both Chainlink (LINK) and Bittensor (TAO) are approaching pivotal technical levels that could define their next major moves.
Chainlink Faces Macro Resistance at $23.86
LINK continues to face firm rejection at the $23.86 resistance zone, a level that has capped price action since early 2025. Each attempt to reclaim that region as support has produced shorter upside wicks, signaling weakening bullish momentum. Rekt Capital noted that this pattern mirrors the structure observed before LINK’s previous macro peak, reinforcing the importance of the $24 level.
After the latest rejection, LINK slipped back through its longstanding demand zone, an area that previously acted as accumulation support throughout 2022–2023. The token now trades within the $19.41–$15.59 range, aligning with both the 2020 highs and the 2021 reversal lows.
Despite the pullback, LINK still holds above its Macro Uptrend line, maintaining the broader bullish structure. However, October’s Monthly Close will be decisive, a close above $20 could re-open the path toward $23.86, while failure to reclaim that level risks a deeper correction toward $15–$16 and a retest of trendline support.
Bittensor Consolidates Below Key Breakout Level
Unlike many altcoins under pressure, Bittensor (TAO) has shown notable resilience. The token recently rebounded from a green demand region, confirming it as a reliable support zone. This bounce propelled TAO toward two critical resistances, the diagonal trendline and the horizontal level at $449.36, but so far, the asset remains just below both.
Rekt Capital emphasized that a Weekly Close and successful retest above $449.36 would be needed to confirm a breakout into the next macro range between $449 and $678. Without that confirmation, the current setup still resembles a consolidation pattern, with TAO likely to oscillate between established boundaries until momentum builds.
If rejection persists, the report warns that TAO could revisit its green demand area, where past pullbacks have historically absorbed selling pressure before trend continuation. For now, the market remains in a state of equilibrium beneath key resistance, awaiting the signal that defines the next major move.