Elite Analyst Says Chainlink (LINK) Price Could Explode to New All-Time Highs Soon – Here’s Why
Chainlink’s price has been moving up lately, getting more interest from the crypto community. Top analyst World of Charts shared with his 42,200 followers on X that LINK climbed from around $18-20 to $26. He thinks it could go even higher based on the trading activity being seen. Looking at the charts, the technical patterns suggest LINK might push toward record prices soon.
What you'll learn 👉
LINK Chart Analysis: Breakout Above Descending Triangle Signals Bullish Momentum
Looking at Chainlink’s price over time, we can see a downward-sloping triangle pattern – something that usually points to falling prices. But interestingly, LINK broke through the top of this pattern, hinting that prices might start heading up instead. This breakout is accompanied by increased trading volume, suggesting strong market participation.
The $18–$20 price range, previously a key resistance level, has now flipped into support, providing a solid foundation for LINK’s price upward trajectory. Moreover, the breakout above the $25–$26 range has confirmed further bullish sentiment, as this level has transitioned from resistance to support.
Chainlink Horizontal Support Levels Reinforce Uptrend Potential
Horizontal resistance zones have played a crucial role in LINK’s recent price movements. The $18–$20 region acted as a barrier during the extended consolidation phase, but its transformation into support underscores the strength of the breakout. Similarly, the $25–$26 zone, highlighted on the chart, has emerged as a new support level after LINK’s recent rally.
There’s also a long-term upward trend line on the chart that supports this positive outlook. These support levels could help keep prices moving up as time goes on.
Read Also: Polygon (POL) Price Breaks Out Of Key Resistance: 50% Spike Expected Based on This Analysis
Market Outlook for Chainlink
Right now, LINK is trading at about $26 and showing good momentum after breaking out of that pattern. We might see it pull back to test support around $18-20 or $25-26, but the bigger picture looks positive. The technical patterns we’re seeing, along with higher trading volume, suggest LINK’s price could make a big move in the next few weeks.
The crypto market changes quickly, so traders and analysts will be watching these developments to see what LINK does next.
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