- Chainlink (LINK) broke above $26 for the first time in 7 months, with $30 as the next resistance target.
- A Cup & Handle pattern signals potential 5x–6x breakout gains if LINK confirms a decisive move higher.
- On-chain data shows record wallet activity in 2025, boosting long-term confidence in LINK’s bullish momentum.
Chainlink (LINK) is showing renewed strength in the market and attracting interest from both investors and analysts. As of this writing, LINK is trading at $25.00 with a 24-hour trading volume of $4.26 billion and a market capitalization of $16.91 billion. The token has gained 2.74% in the past 24 hours, signaling increased momentum.
Chainlink Cup & Handle Signals 5x Breakout
Crypto analyst Crypto Strom noted last week that Chainlink is forming a classic Cup & Handle pattern on its weekly chart. This powerful bull indicator often anticipates strong upside momentum. While its current price action is running into resistance at its neckline, the structure remains intact nonetheless.
Strom detailed that a breakout above this area on a confirmed basis could deliver 5x to 6x returns during the next altcoin season and make LINK one of the most-followed coins.
The analyst further pointed out that the optimal accumulation range lies between $18 and $22, an area that might offer excellent entry points before the next breakout. Typically, once LINK verifies such formations, its momentum surges rapidly, triggering strong rallies.
Chainlink Breaks Resistance as Bullish Momentum Grows
Amid this optimism, Crypto Patel highlighted that Chainlink managed to rise above $26 for the first time in seven months. The price level is now acting as a key milestone, with Patel pointing out LINK’s next major target at $30.
On-chain data further solidifies the positive narrative. Wallet activity in 2025 has hit all-time highs, driven by increased engagement from long-term stakeholders and new participants. The increased activity added further momentum to the ongoing rally, strengthening confidence in Chainlink’s upward trajectory.
Also Read | Chainlink Price Surge: LINK Eyes $38 as Analysts Predict Bullish Breakout
Chainlink Derivatives Activity Surges
Chainlink (LINK) observed a rise in derivatives activity as open interest increased by 5.34% to $1.65 billion. Meanwhile, trading volume declined by 18.57% to $5.16 billion, which reveals that fewer trades are occurring overall.
Nevertheless, the rise in open interest signals stronger conviction among investors taking larger positions. Together, these trends suggest potential volatility as the market positions for a decisive move.
The OI Weighted funding rate is 0.0077%, signaling a modestly positive market sentiment. It shows that long positions are maintaining dominance with minimal risk of liquidation pressure.
This kind of moderate funding rate stabilizes market sentiment against sudden swings. Investors are optimistic about LINK’s upward trend, with sentiment leaning toward further gains.
Also Read | Chainlink Records 9,625 New Wallets as LINK Price Targets $30 Breakout
