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LINK Technical Analysis

LINK Price Update: Bullish Setup Targets $17.60 with More Gains in Sight

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  • LINK has broken out of an Inverse Head and Shoulders pattern, signaling a bullish reversal and the potential for continued upward movement.
  • Strong support has formed around the $14.90 and beyond, reinforcing bullish momentum as LINK trades just below the key $16 resistance.
  • Upside targets include $17.60 and beyond, provided broader market conditions remain favorable, especially with Bitcoin’s price action in focus.

LINK is riding bullish momentum, just around its level of resistance. Recent price action is an indication of buying interest, promoting it for upside, and support levels remain intact, and market mood is optimistic overall. Traders and investors are watching this token to gain maximum recovery post-breakout.

Currently, LINK is trading at $15.75 with $529.39M 24-hour trading volume and a $10.32B market cap. Its price in the last 24 hours and last week has been affected by market fluctuations, but its price within the last month is up by 17.58% and has great potential for the new and fresh breakout.

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Source: CoinMarketCap

LINK Shows Strong Momentum With $17.60 in Sight

A prominent crypto analyst highlighted that LINK is hovering around crucial $16 resistance, caught between unpredictable market uncertainty and rising bullish momentum; the price remains indecisive as buyers and sellers battle for control. Such trading is one indication of mounting pressure, as market players wait anxiously for that breakout moment.

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Source: X

$16 has remained a critical resistance, and its ongoing testing is bullish for mounting momentum, which can push it to an even more powerful push. Such movement might turn LINK into an attractive trade for momentum players, provided it is supported by strong market sentiment and solid trading volumes. In the meantime, it is in a critical position; this breakout might decisively turn momentum towards $16.80.

Moreover, another crypto analyst suggested that Chainlink has broken above an Inverse Head and Shoulders chart pattern, one of the classic signs of an imminent reversal in favor of an uptrend following an established downtrend. Following the breakout, coin pulled back to revisit the $14.90 neckline, which has since acted as a reliable support level. 

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Source: X

With support building and momentum gaining, LINK is positioned to potentially experience an upswing. Top targets of this upswing include $17.60, $19.60, and $21.60. Yet, Bitcoin’s price action is still one of the main unknowns that might affect LINK’s chances to reach these targets fully. However, the technical setup is strong enough to support movement towards at least the first two levels of resistance, assuming overall market conditions remain supportive.

Related Reading: Key Support at $0.28 May Influence Stellar (XLM) Price: Analyst

LINK Breakout: Bulls Take Charge After $13.50 Bottom, Eyeing $15+ Soon

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  • LINK fell to $13.50 before reversing upward, marking a clear shift from bearish pressure to bullish sentiment.
  • Strong green candlesticks and increased volume drove price upward, retesting the $14.50–$15.00 resistance zone with bullish conviction.
  • LINK surged above the Bollinger midline; RSI at 63.28 and MACD crossover confirm strong bullish technical momentum.
  • Support lies at $13.70 and $13.15; resistance at $14.60 and $15.00 could trigger a breakout or pullback.

Chainlink (LINK) is trading at $14.67, with a 24-hour volume of $295.28B and a market cap of $9.56B. Since the last 24 hours, the price of LINK has gone up by 4.45%, and although its price has not changed within the last week, strong prospects are pointing toward further growth.

LINK 7D graph coinmarketcap 1
Socure: CoinMarketCap

Over the last week, the price of LINK (Chainlink) exhibited a definite trend of an initial drop with a strong subsequent recovery. Early on, the price was on a sustained downtrend as indicated by a series of consecutive red candlesticks and declining lows, which is a sign of intense selling pressure and dwindling market optimism.

This downtrend came to a low at around the $13.50 support mark. But soon after that, there is a discernible change as green candlesticks emerge with indications of consolidation and a likely turning-around point.

Chainlink Shows Market Turnaround Potential

Toward the end, the momentum had unquestionably turned bullish, with a string of large green candlesticks taking the price strongly upward to revisit the resistance area of $14.50–$15.00. The accompanying volume on the up move also rose, which confirmed the recovery strength.

Overall, the chart indicates a dramatic market shift, but the question at hand should be whether the price is able to break and hold up over the resistance zone or whether it experiences pullback pressure before resuming its next trend.

The 4-hour chart on LINK (Chainlink) signals a strong bounce back from a long downtrend, with the price currently at around $14.52. This breakout upward is substantiated by several different indicators, most importantly, that LINK has moved higher than the middle Bollinger Band and is moving toward the higher band, which indicates increased volatility and strong upward momentum.

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LINK Breakout: Bulls Take Charge After $13.50 Bottom, Eyeing $15+ Soon 6

Immediate Resistance Near $14.60, $15.00 for LINK

The RSI is at 63.28, registering strength that is bullish yet remains beneath the overbought area, with room for continued upward momentum before reaching potential exhaustion.

Also, the MACD has recently registered a bullish crossover with the MACD line breaking to the upside of the signal line and green histogram bars widening, signaling the momentum has turned from being bearish to being bullish.

Key levels of support are at $13.70 and $13.15, with near-term resistance at $14.60 and psychological resistance at close to $15.00. The overall chart indicates a strong trend reversal with good technical support behind it, although traders should be on the lookout for potential resistance issues or signs of being overbought when the rally is prolonged.

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