Is Chainlink (LINK) about to make a comeback in the crypto market? Recent technical signals are indicating a possible shift in momentum for this popular cryptocurrency. Despite facing some bearish signals, LINK's price has surged by 11% in the past week, bringing it closer to overtaking Pi Network in market capitalization.

Currently, Chainlink's market cap stands at $10.3 billion, trailing behind Pi Network at $12.7 billion. As various technical indicators approach critical levels, the next few days could be crucial in determining the direction of LINK's price action.

Chainlink's Average Directional Index (ADX) has shown a decrease, signaling a weakening trend strength that may result in a more neutral market environment. The Positive Directional Indicator (+DI) has dropped while the Negative Directional Indicator (-DI) has strengthened, hinting at a potential shift towards bearish momentum.

On the positive side, LINK's Bollinger Bands Trend (BBTrend) has turned positive after a prolonged period in negative territory, indicating a possible resurgence of bullish momentum. However, LINK's Exponential Moving Average (EMA) lines are currently trending downward, raising concerns about a potential death cross formation.

If Chainlink manages to break above the resistance at $17.64, it could pave the way for further upward movement towards key resistance levels at $19.79 and $22.31. A strong bullish scenario might even see LINK surpassing $25 for the first time in over a month, reaching towards $26.4.

With significant shifts in technical indicators and critical price levels in sight, the future trajectory of Chainlink remains uncertain. Traders and investors are advised to closely monitor these developments to stay ahead of potential price movements in the coming days. Stay tuned for the latest updates on Chainlink's journey in the cryptocurrency market.