Chainlink (LINK) Forms Signal That Last Led To 123% Rally

On-chain data shows Chainlink has just seen a level of decline in its exchange reserve that last led to a massive rally for the cryptocurrency. Chainlink Exchange Supply Has Dropped By 1.6% In The Past Month According to data from the on-chain analytics firm Santiment, Chainlink has observed significant outflows from exchanges recently. The indicator of interest here is “Supply on Exchanges,” which, as its name suggests, keeps track of the percentage of the total circulating LINK supply that’s currently sitting in the wallets of all centralized exchanges. Related Reading: Last Resistance: Bitcoin Now Testing Final Short-Term Holder Cost Basis When the value of this metric rises, it means these platforms are receiving a net amount of deposits right now. As one of the main reasons why investors may transfer to exchanges is for selling-related purposes, such a trend can have bearish implications for the asset. On the other hand, the indicator registering a decline implies a net outflow of coins is occurring from the exchanges. Holders generally withdraw their coins to self-custody when they plan to hold into the long term, so this kind of trend can be bullish for the cryptocurrency’s price. Now, here is a chart that shows the trend in the Chainlink Supply on Exchanges over the past year or so: As displayed in the above graph, the Chainlink Supply on Exchanges has witnessed a sharp drawdown recently. More specifically, investors have withdrawn around 1.6% of the asset’s entire supply in circulation over the past month. This is a very notable decrease and suggests there is some strong demand from the whales for accumulation. The last time the metric saw a significant drop was in the early part of the year. This last decrease of 1.1% led to a LINK price rally of around 10%. In December, a similar trend was observed, with withdrawals equivalent to 0.7% of the supply resulting in a 26% jump in the coin. Both of these instances, though, saw outflows of a smaller degree than what LINK has seen recently. From the chart, it’s visible that the last time a similar percentage of supply exited these platforms was between 15th of September and 14th of October. What followed this withdrawal spree was a massive 123% surge in the Chainlink price over the next four weeks. As a similar decline has occurred again in the indicator with the exchange supply dropping from 23% to 21.4%, it’s possible that LINK could end up seeing a bullish effect this time as well. Related Reading: Solana Cooling Off After 16% Surge? TD Sell Signal Goes Off It only remains to be seen, though, if any resulting rally would be of a similar scale as that other instance, or if only a small increase will happen, like after the last two outflow streaks. LINK Price At the time of writing, Chainlink is trading around $13.9, down more than 2% over the past 24 hours. Featured image from Shutterstock.com, Santiment.net, chart from TradingView.com

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Chainlink Becomes Crypto Winner With 21% Rally: Whats Driving This?

Chainlink (LINK) has enjoyed a sharp surge of more than 21% over the past 24 hours. Here’s what data suggests could be behind this rally. Chainlink Has Surprised Crypto Market With Breakout In The Past Day While most cryptocurrency sectors have seen flat or small green returns over the last 24 hours, Chainlink has shown a decoupling as it has observed some sharp bullish momentum in this window. Related Reading: Bitcoin Still Has A Lot Of Room To Run Before Reversal, Says Top Analyst Here is a chart that displays how LINK’s recent performance has looked like: With this sudden burst, Chainlink has touched the $16.7 mark for the first time since the crash during the first half of April. While the asset has now retraced a major part of this plunge, it still hasn’t made a full recovery. Should LINK’s bullish momentum continue, though, it may not be too long before the cryptocurrency can reclaim the $17.8 level it was trading at just before the crash. As for where Chainlink stands in the wider market, the table below shows that, based on market cap, it’s currently the 15th largest coin. LINK isn’t too far off from Polkadot (DOT) now, so it’s possible that if the price rise continues, the coin will dethrone DOT and take over the 14th spot on the list. Now, what could be the reason for Chainlink’s sudden decoupling from the rest of the market? Data from the on-chain analytics firm Santiment may perhaps provide some hints. The Total Number Of LINK Whales Is At A 6-Month High Now As pointed out by Santiment in a post on X, Chainlink investors holding 100,000 tokens or more of the asset in their balance have recently seen their address count increase. This cutoff is equivalent to around $1.67 million at the current LINK exchange rate. Investors with holdings this large are popularly referred to as whales. Whales can be influential entities in the market because they can move a large amount of volume in a short span of time. As such, their behavior may be worth monitoring. From the graph, it’s visible that Chainlink’s total number of whale addresses has hit 564 after the latest rise, which is the highest the metric has been since October of last year. This increase in the number of whales on the network may be partially behind the surge that LINK has just seen. In the same chart, the analytics firm has also attached the data for another indicator: social dominance. This metric tells us about the share of cryptocurrency-related social media discussions that LINK occupies right now. Related Reading: XRP & Cardano Whales Load Up Bags: Preparation For Altcoin Rally? This indicator has shot up alongside this rally, implying the interest around the coin has spiked. Historically, such a rise in attention has been a bearish sign for the asset, so it remains to be seen if these high values will be maintained. “If social dominance calms and FOMO doesn’t take over, bullish conditions are ahead,” notes Santiment. Featured image from iStock.com, CoinMarketCap.com, Santiment.net, chart from TradingView.com

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Major Success For Chainlink: US Banks Pilot Program Propels LINK Price Up 6%, Details

The Depository Trust and Clearing Corporation (DTCC) has partnered with blockchain oracle Chainlink and several prominent banking institutions in the United States to conduct a successful pilot aimed at accelerating the tokenization of funds.  The collaboration has not only paved the way for the adoption of blockchain technology in the traditional asset management sector but [...]

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Chainlink Price Forecast 2025: Why LINK Is Set for Significant Growth

Chainlink ($LINK), is currently priced at $11.41 following a 2.60% decline in the last 24 hours. Trading volume over the past 24 hours reached approximately $574.22 million, signaling ongoing market interest despite short-term price weakness. In the week, $LINK has experienced a flat trend, losing 15.90% in value. This decline is opposite the overall upward […]

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Chainlink Consolidates In Triangle Pattern Is A 35% Breakout Imminent?

Chainlink is currently trading at a crucial demand zone after enduring heavy selling pressure throughout Q1 of this year. Like many altcoins, LINK has struggled to recover in the face of broader macroeconomic instability and a hostile market environment fueled by U.S. President Donald Trump’s unpredictable policy decisions. Tariffs, trade tensions, and volatile global sentiment have created significant headwinds for high-risk assets, and Chainlink has been no exception. Related Reading: XRP MVRV Ratio Dips Below The 200-Day MA Trend Shift Underway? Despite the recent weakness, some analysts believe a turnaround may be near but only if LINK can hold its current support levels. A strong defense here could lay the foundation for a meaningful recovery rally in the weeks ahead. Top analyst Ali Martinez shared new insights on X, highlighting a potentially bullish setup forming on Chainlinks chart. According to Martinez, LINK is currently consolidating within a triangle pattern, which often precedes major moves. He notes that this structure could be setting up for a significant price move, with a breakout potentially imminent. As LINK coils tighter within this pattern, traders are watching closely. A confirmed breakout from this zone could spark a strong directional move and possibly mark the beginning of Chainlinks next major trend. Chainlink Struggles Below Key Levels as Triangle Pattern Signals Imminent Move Chainlink is currently trading below critical resistance levels after losing nearly 30% of its value since late February. The sharp drop has left bulls in a defensive position, struggling to hold prices steady and spark a meaningful recovery. The $13 mark now stands as a crucial support level a zone that must hold to preserve market structure and investor confidence. A decisive defense of this area could provide the foundation needed for a recovery rally. While selling pressure has dominated in recent weeks, bears have so far failed to break LINK below its current demand zone. This has led to cautious optimism among traders, who see a potential reversal if buyers can defend key levels and reclaim momentum. If LINK maintains support above $13 and gains strength, a push toward higher liquidity zones could quickly follow. However, risks remain. US President Donald Trump’s unpredictable economic policies, especially on tariffs and trade, continue to shake financial markets and drive uncertainty. Crypto, as a high-risk asset class, remains particularly vulnerable to this kind of volatility. Martinez’s technical analysis noted that Chainlink is consolidating within a triangle pattern a structure that often precedes significant price movements. According to Martinez, this setup could result in a 35% breakout, with $16 identified as the level to watch closely for confirmation. If bulls can reclaim that level, a powerful move higher may follow. For now, all eyes are on the $13 support and the triangles upper boundary as Chainlink coils tighter and prepares for its next major move. A breakout in either direction appears imminent. Related Reading: Whales Offload 200M Cardano During March The Start Of A Trend? Bulls Hold Support But Battle Key Resistance Chainlink (LINK) is trading at $13.5 after several days of consistent selling pressure, struggling to gain momentum below the critical $16 mark. The current level now acts as a short-term support zone, and bulls must defend it to avoid further downside. A successful hold above this price could offer a foundation for recovery, but the path forward remains challenging. To shift sentiment and reignite bullish momentum, LINK must reclaim the $17.20 level an area that aligns closely with both the 200-day moving average (MA) and the 200-day exponential moving average (EMA). These indicators have historically marked key trend reversals, and a clean breakout above them would signal strength returning to the market. If bulls manage to push LINK above the $18 mark, a strong rally could follow, possibly retesting higher resistance levels and restoring confidence in the broader trend. However, if LINK fails to reclaim these levels in the near term, it risks slipping into a consolidation phase or even experiencing a deeper correction. Related Reading: Dogecoin Holds Key Support: A Demand Spike Could Trigger A Rally A breakdown below $12.5 would likely trigger further losses and shift the short-term outlook more bearish. For now, LINK remains in a fragile state, and the next move will depend on the bulls ability to reclaim momentum. Featured image from Dall-E, chart from TradingView

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Chainlink (LINK) Forms Bullish Pattern That Led To 50% Rally On Average

On-chain data shows that a Chainlink indicator is currently forming a pattern that has led to an average 50% increase for LINK in the past. Chainlink 30-Day MVRV Ratio Has Plunged In a new post on X, analyst Ali discussed the latest trend in Chainlinks 30-day MVRV ratio. The Market Value to Realized Value (MVRV) [...]

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640,000 Chainlink (LINK) Withdrawn From Exchanges In 24 Hours Bullish Accumulation?

Chainlink (LINK) is currently trading below crucial resistance levels, which could trigger a strong rally if bulls manage to reclaim them. However, volatility and uncertainty have dominated the market since the start of the month, keeping LINKs price action unstable. Related Reading: Cardano Is About To Break Free Breakout Above Crucial Supply To Trigger A Big MoveAnalyst The token has seen wild price swings, moving from $17 down to $13, briefly rebounding to $16, and then collapsing to a low of $11.8. Bulls are now fighting to push LINK back above the $15 mark, but momentum remains weak, and the market appears to be consolidating around current levels. Despite this uncertainty, on-chain data is showing promising signs. Metrics from Santiment reveal that 640,000 LINK were pulled off exchanges in the last 24 hours, which is typically a bullish signal. Large withdrawals from exchanges often indicate long-term accumulation, as investors move their holdings into private wallets instead of keeping them available for immediate selling. With exchange outflows rising, traders are watching closely to see if LINK can break through resistance levels and confirm a shift toward bullish momentum. The next few trading sessions will be key in determining whether LINK can recover or if further consolidation is ahead. Uncertainty Looms As Investors Watch For A Breakout Chainlink is currently holding above the $13.5 mark, struggling to reclaim higher levels as selling pressure and market uncertainty persist. Despite its recent recovery attempts, LINK remains stuck below key resistance, making investors cautious about its short-term direction. Analysts and traders are concerned about a potential drop below the current range, as on-chain metrics suggest a distribution phase may be unfolding. If LINK fails to hold its support zone, it could see renewed selling pressure, sending the price toward lower demand levels. However, not all signals are bearish. Crypto expert Ali Martinez shared Santiment data on X, revealing that 640,000 LINK were pulled off exchanges in the last 24 hours. This is often seen as a bullish indicator, as large investors typically withdraw their holdings from exchanges when they anticipate higher prices in the future. When whales and long-term holders accumulate, it reduces selling pressure on the market and strengthens price stability. If LINK manages to break key resistance levels, this accumulation trend could set the stage for a strong recovery rally. Related Reading: Ethereum Must Reclaim $2,050 To Start A Recovery Rally Insights For now, bulls must defend the $13.5 support and push LINK above the $15 mark to confirm a bullish trend reversal. The next few days will be critical as investors watch for a breakout or further downside movement. Chainlink Bulls Defend Key Support Levels Chainlink (LINK) is currently trading at $14, facing resistance at the $15 level as bulls struggle to reclaim higher ground. The market remains under pressure, and LINK must hold current levels to avoid a deeper correction. For a recovery rally to take shape, bulls need to defend the $13 support zone and build momentum toward a breakout above $15. If LINK successfully pushes past this resistance, the next major target is the $17 level, where it must reclaim the 200-day moving average (MA) and the exponential moving average (EMA) to confirm a bullish trend reversal. However, if LINK fails to hold its current support levels, selling pressure could intensify, driving the price toward the $10 range or even lower levels. This would put LINK in a deeper downtrend, making a short-term recovery more difficult. Related Reading: Solana Forms Classic Cup-And-Handle Pattern Analyst Predicts A Breakout To $3,800 With market conditions still uncertain, the next few trading sessions will be crucial in determining whether LINK can stabilize and recover or face further downside risks. Bulls must step in soon to regain control and push prices back into an uptrend. Featured image from Dall-E, chart from TradingView

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Chainlink Breakout: LINK Poised For 38% Rally If It Clears This Key Resistance

Decentralized oracle network Chainlink (LINK) has been making significant strides in the altcoin market, outperforming its peers with an impressive 44.8% price increase over the past 30 days.  Surging to a 24-month high, the cryptocurrency has inched closer to the $20 mark, attracting the attention of bullish investors. Notably, the uptrend for LINK may be far from over, as it can potentially record a substantial 38% price gain by breaking through a critical resistance level. Chainlink Trading Volume Skyrockets Crypto analyst Ali Martinez indicates that Chainlink faces formidable resistance between its current trading price of $19.40 and $20.03, with 5,330 addresses collectively holding over 8.59 million LINK.  Despite this supply wall, if Chainlink manages to break through, Ali Martinez suggests that the next critical resistance level stands at $26.87, presenting an opportunity for a significant 38% price surge. Related Reading: XRP Price Retreats To $0.50 As Whale Unloads 30 Million Tokens Details Adding to the positive outlook, Chainlink has witnessed a surge in trading volume and an increase in circulating market cap over the past few days.  Data from Token Terminal reveals that while Chainlink’s trading volume has steadily risen over the past 30 days, the token experienced exceptional trading volume of over $9.5 billion in the past three days alone. This surge in trading activity suggests a growing interest from investors in the Chainlink protocol. Examining the circulating market cap, Token Terminal data highlights a positive trend. The circulating market cap of Chainlink stands at $10.53 billion, displaying a notable increase of 32.66% over the past 30 days. In terms of fully diluted market cap, Chainlink records $18.16 billion, indicating a substantial rise of 28.89% over the same period. Institutional Interest In LINK? Recent blockchain data suggests that institutional investors are actively accumulating LINK. According to Spot On Chain data, the emergence of eight wallets withdrawing a substantial amount of LINK tokens, coupled with a price surge shortly after, indicates institutional interest in the cryptocurrency.  Over the past twelve hours, eight new wallets, likely representing a single individual or institution, have collectively withdrawn 227,350 LINK tokens, equivalent to approximately $4.12 million at the withdrawal time.  Notably, a significant portion of these tokens was withdrawn from centralized exchanges (CEX) just before the price experienced a sudden increase of approximately 4.1%. This pattern suggests that institutions may strategically accumulate LINK tokens, anticipating future price appreciation. Related Reading: Ethereum Rally: Crypto Analysts Outline 3 Key Drivers For Price Moreover, as indicated by its performance on the algorithmic market scanner Commando, LINK has consistently been a top performer in the cryptocurrency market.  According to the market intelligence platform Decentrader, with a current score of 1.83 and a green signal on low time frames, Chainlink’s technical analysis suggests a positive outlook for the cryptocurrency. Noteworthy is the recent breakthrough of Chainlink’s price from a range held up by the 200-week moving average (200WMA).  This breakout indicates a shift in market sentiment and a potential upward trend. The cryptocurrency is now aiming to target the Sniper resistance level just above $20 while finding support at the top of the previous range, around $16.8, according to Decentrader.  Overall, institutions’ accumulation of Chainlink tokens and the cryptocurrency’s technical breakout point to growing confidence in LINK’s investment potential.  The withdrawals from centralized exchanges suggest a desire to hold LINK tokens outside exchange custody, possibly indicating a longer-term investment strategy.  Currently, LINK is trading at $19.7, up 8% in the last 24 hours. Featured image from Shutterstock, chart from TradingView.com

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Analyst Forecasts $40 Target For Chainlink (LINK)

Chainlink (LINK) continues to remain among the headlines following a negative performance, which saw the tokens price decline by 7.63% in the last week based on data from CoinMarketCap. However, despite this discouraging price loss, investors and market experts appear to remain bullish on the altcoin. For instance, popular crypto analyst Michaël van de Poppe has recently released a price prediction that states LINK could double its market price in the coming months. Related Reading: Chainlink Open Interest Sitting At Record Levels, What This Means For Price Chainlink (LINK) Poised To Notch 122% Gains, Analyst Says In a Friday post on X, Michaël van de Poppe presented a bullish case for Chainlink using the LINK/BTC 3-day chart. The analyst began his prediction by noting LINKs positive stint in the first two weeks of February, during which the token rose by 32.77% to trade above the $20 price mark. #Chainlink had another leg upwards in their $BTC pair towards the crucial resistance. Failed to break out. It’s looking for a higher low & support and then a reversal towards 4500 sats again. I think $LINK is likely to run to $30-40 in the coming months. pic.twitter.com/HtwHogdvsJ Michaël van de Poppe (@CryptoMichNL) February 23, 2024 However, despite this impressive price gain, the prominent altcoin failed to breach a crucial resistance zone at 0.00480 BTC, thus failing to initiate a breakout. Following this event, van de Poppe believes that Chainlink is now seeking a higher low to serve as its support level.  For context, a higher low In technical analysis refers to a pattern on a price chart in which a successive low point in a trend is higher than the previous low point. It is usually interpreted as a bullish signal indicating a potential trend reversal or continuation of an upward trend. Source: X After successfully finding its higher low, van de Poppe anticipates LINK to experience a price reversal, gaining by 4,500 satoshis, which is currently valued at $2.29 at the current Bitcoin price of $50,761. Thus, Chainlink could soon return above the $20 mark. Furthermore, the analyst believes this price gain could lead to LINK finally initiating a breakout, hitting a price in the range of $30-$40 within the next few months. If this prediction proves true, the altcoin could experience a potential maximum gain of 122.71% on its present market price. Related Reading: Bitcoin Bullish Outlook: Analyst Predicts Near-Term Surge To $61,000 LINK Price Overview At press time, Chainlink continues to exchange hands at $17.96 with a 0.11% gain in the last day. Meanwhile, the tokens daily trading volume has experienced a slight decline of 0.70% and is now valued at $426.65 million. Based on market shares, Chainlink is ranked as the 12th largest cryptocurrency with a total market cap value of $10.55 billion. LINK trading at $17.944 on the daily chart | Source: LINKUSDT chart on Tradingview.com Featured image from Economic Times, chart from Tradingview

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Chainlink Hits $13.5 For The First Time Since July Smart Money Accumulation?

Chainlink (LINK) has surged impressively over the past few days, breaking above the critical $13 resistance level and posting a remarkable 35% gain. This recent breakout has ignited optimism among analysts and investors, as LINK has faced strong resistance around the $13 mark since late July, struggling to sustain any upward momentum. Now, however, market sentiment appears to be shifting, with many anticipating further upside for Chainlink. Related Reading: Ethereum Analyst Sees Altseason Potential As BTS Is Still Outpacing ETH Time To Buy Altcoins? Supporting this bullish outlook, key data from on-chain analytics firm Santiment reveals that LINK whale activity has reached a 3-month high, with large holders accumulating LINK in significant quantities. This increased whale activity is often an indicator of confidence among major investors, suggesting that Chainlink’s latest surge could be just the beginning of a more sustained rally. As LINK breaks free from its months-long resistance and gains renewed momentum, the next few days will be crucial in determining whether this rally has the strength to reach higher price levels or if it will encounter fresh resistance. For now, however, Chainlinks impressive performance has analysts speculating on its potential to maintain bullish momentum in the coming weeks. Chainlink Whales Waking Up Chainlink is showing signs of renewed strength, with the price surging above key resistance levels that have held the coin back for months. For the first time since July, LINK has broken past $13.65, marking a significant shift in its price action. This breakout has come at a time when critical data points are signaling a bullish outlook for the asset. According to Santiment, Chainlink has decoupled from the broader altcoin market, showing a unique price performance amidst a recovering market. One of the most compelling indicators is the spike in whale activity, which has reached a 3-month high. Stakeholders holding between 100K to 10M LINK have accumulated a massive $369.8 million worth of the token in just 7 weeks, representing an 8.2% increase in their holdings.  This surge in whale activity often signals confidence in a tokens future price potential, with large investors positioning themselves for the next leg of growth. Related Reading: Bitcoin ETFs See Historic Surge Institutions Go Bullish On BTC With $1.38 Billion Record Inflows Accumulation by Chainlink whales, combined with its price-breaking key resistance levels, suggests that LINK is poised for continued growth in the coming weeks. As the entire market begins to recover and rise again, Chainlinks decoupling from the pack could indicate that its positioning itself to lead the charge in the altcoin space. Investors are watching closely, as the recent price surge and whale behavior suggest LINK could experience sustained bullish momentum. LINK Testing New Supply Chainlink is currently trading at $13.5 after successfully breaking above the 200-day moving average (MA) at $12.9, a key level that signals a strong, bullish outlook for the long term. This breakout has given bulls control, reinforcing positive sentiment around LINKs price action. For the uptrend to continue, its crucial that LINK holds the 200-day MA as support, as this level often marks a turning point between the bear and bull phases. While LINK shows strength above $13, a healthy retrace to around $12.5 could provide the fuel needed for further upside if that level holds as support. A pullback of this nature would allow bulls to consolidate gains and set a stronger foundation for the next move.  Related Reading: Solana Breaks Above Key Resistance Top Analyst Sets $300 Target Traders are eyeing $14.5 as the next significant supply zone, where LINK may face resistance as it approaches this level. If LINK manages to push above $14.5, it would signal robust demand and potentially open the door to even higher levels in the coming weeks, as whale activity and overall market sentiment support further gains. Featured image from Dall-E, chart from TradingView

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Chainlink Whales Waking Up Data Shows Signs Of Accumulation

Chainlink (LINK) has seen a whirlwind of price activity, surging 50% before experiencing a sharp 15% retracement within 10 days. This volatility showcases the potential and unpredictability surrounding LINKs recent price action, drawing attention from analysts and investors alike.  According to crypto analyst Ali Martinez, theres a notable trend unfolding beneath the surface: Chainlink whales [...]

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Chainlink Investors Show Pessimism, Break Incoming?

Data shows Chainlink investors have been pessimistic recently, something that could actually turn out to be bullish for the cryptocurrency. Chainlink Sentiment Has Been Highly Negative Recently As pointed out by an analyst on Twitter, cryptocurrency market participants look to be bullish on LINK right now. The relevant indicator here is the on-chain analytics firm [...]

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Chainlink (LINK) Bullish Pattern Could Ignite A Breakout: Analyst Sets $15 Target

Chainlink is currently trading in a bullish pattern that has been developing for at least seven months, capturing the attention of analysts and investors alike. Many are eagerly anticipating Chainlink to surge during this cycle and finally reclaim new all-time highs. The extended consolidation phase has kept traders on edge, as they await a significant [...]

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Chainlink Could Target $30 Once It Breaks Bullish Pattern Top Analyst

Chainlink (LINK) has shown remarkable resilience amid market volatility, holding above key support levels while other assets experience sharp fluctuations. Despite uncertainty across the crypto space, LINK has surged over 12% since Wednesday, signaling strong bullish momentum and suggesting that the price is ready to continue climbing. Related Reading: Bitcoin Outflows Signal Bullish Strength As Demand Remains High At $100K What This Means Top analyst Carl Runefelt shared a technical analysis on X, revealing that LINK is forming a bullish pattern that could lead to a significant breakout. According to Runefelt, Chainlink is on the verge of breaking out of a Descending Triangle, a structure that often precedes strong upward moves. If this breakout materializes, LINK could enter a new bullish phase, pushing toward higher resistance levels. As market sentiment shifts and altcoins start to move, investors are closely watching Chainlinks price action. A successful breakout from its current consolidation phase could trigger a new rally, reinforcing LINKs position as a top-performing asset in the crypto market. The coming days will be crucial in determining whether Chainlink can sustain its momentum and enter a new phase of price discovery. Chainlink Eyes Major Breakout as Price Holds Bullish Structure Chainlink (LINK) has experienced its fair share of market volatility, but its long-term outlook remains strong. The project has continued to secure strategic partnerships, including a key collaboration with Ripple, further solidifying its position as a leader in the real-world asset (RWA) market. As Chainlinks adoption grows, analysts expect it to be one of the top-performing assets in this market cycle. Despite short-term price fluctuations, LINK is attempting to clear key supply levels, which could trigger a strong upward move. Top analyst Carl Runefelt shared a technical analysis on X, highlighting that LINK has been trading in a bullish pattern since late January. According to Runefelt, Chainlink is currently inside a Descending Triangle, a formation that often leads to breakouts with significant upside potential. Runefelt believes a breakout is imminent, stating that LINK could break out of this pattern at any hour. If the breakout happens, he expects the price to quickly reach the $30 mark, a level not seen in over two years. Related Reading: Dogecoin Is Setting For A Massive Leg Higher Analyst Sees Bullish Consolidation Above Key Level With fundamentals strengthening and technical indicators pointing toward a rally, Chainlink is in a prime position for a major move in the coming days. Investors are watching closely to see if LINK can capitalize on its momentum and confirm a bullish breakout. LINK Holds Strong at $25, Eyes Multi-Year Highs Chainlink (LINK) is trading at $25, showing strong bullish momentum as it looks ready to reclaim higher levels. After weeks of consolidation, LINK appears poised for a breakout, with investors closely watching the $27 resistance level as the next major hurdle. If bulls successfully push above $27 and hold it as support, a massive rally into multi-year highs will likely follow, setting the stage for a new bullish phase. However, to maintain this bullish structure, LINK must hold strong above the $22 mark. Losing this level could result in a deeper pullback, delaying the expected uptrend. Despite market fluctuations, Chainlink remains one of the strongest assets in this cycle, with analysts predicting a significant upside in the coming weeks. Related Reading: Solana Still Wants Lower As Meme Coins Face A Major Shakeout Analyst With technical indicators aligning for a breakout and strong fundamental backing, LINK is in a prime position to surge higher. Investors are now waiting for confirmation of a trend reversal, which would solidify LINKs potential for new highs. If bulls successfully clear key resistance levels, Chainlink could soon enter a parabolic rally, reinforcing its role as a top-performing altcoin in the current market cycle. Featured image from Dall-E, chart from TradingView

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Chainlink Tunrns Resistance Into Support ATH Next?

The crypto market showed signs of revival yesterday, with several assets experiencing significant price surges after weeks of subdued action. Chainlink (LINK) stood out, gaining over 15% in just 24 hours, solidifying its position as one of the stronger altcoins in the current environment. This sharp recovery highlights growing interest in LINK as market sentiment shifts. Related Reading: Shiba Inu Testing A Significant Support Zone Bullish Breakout Ahead? Renowned analyst Jelle shared a technical analysis on X, revealing a critical development in Chainlinks price action. According to Jelle, LINK has successfully flipped a key resistance level into supporta bullish signal that often precedes substantial upward momentum. This structural shift could pave the way for Chainlink to target higher price levels as it prepares to test crucial supply zones. The markets renewed energy and Chainlinks ability to hold key levels suggest that the coming days could be pivotal. If the bullish momentum persists, LINK could soon challenge overhead resistance, setting the stage for a larger breakout. Amid this awakening market, Chainlinks recent surge underscores its potential as a standout performer in the altcoin space. Chainlink Investors Waking Up Chainlink has faced notable selling pressure since peaking at $30 on December 13, triggering a pullback that tested the resilience of its bullish structure. However, recent price action suggests a shift in momentum as bulls show signs of waking up. This could mark the beginning of a massive rally, according to analysts closely monitoring the market. Top analyst Jelle recently shared a technical analysis on X, highlighting a crucial development in LINKs short-term trend. According to Jelle, Chainlink appears to have flipped a key resistance level into supporta structural shift often seen as a precursor to significant upward movement. This bullish signal has reignited optimism among investors, with Jelle suggesting that LINK could target all-time highs in the near future if current momentum continues. The key now lies in LINKs ability to break through critical supply zones in the coming days. A successful breach of these levels could pave the way for an aggressive rally as buyers look to capitalize on renewed market strength. As the broader crypto market shows signs of recovery, Chainlinks ability to reverse its recent downtrend positions it as a potential leader in the altcoin space. Related Reading: Ethereum Stays Within Symmetrical Pattern Analyst Sets ETH Target Testing Crucial Liquidity Chainlink (LINK) is currently trading at $22.55, reflecting a strong bounce from local demand levels. The price is now testing a critical supply zone, which could determine its next major move. Encouragingly, LINK is trading above the 4-hour 200 EMA at $22.27, a key technical indicator that often signals bullish momentum when sustained as support. For bulls, holding this level is essential to confirm the continuation of LINKs short-term uptrend. If LINK maintains support above the 200 EMA and builds momentum, the next significant hurdle lies at the $24 mark. Reclaiming this level in the coming days would likely trigger a massive breakout, opening the door for LINK to target higher resistance zones and potentially all-time highs. Related Reading: Solana Holds Crucial Level Can SOL Push Above $200? However, failure to hold the 200 EMA as support could expose LINK to renewed selling pressure, pushing prices back toward local demand. Traders and investors are closely watching these technical levels, as the broader market recovery creates favorable conditions for altcoins to reclaim lost ground. Featured image from Dall-E, chart from TradingView

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