Chainlink (LINK) Price Could Finally Break Out As 2-Year Accumulation Points to a 470% Rally
Chainlink price might finally be ready to make a big move. After spending nearly two years stuck in a range between $5 and $10, it looks like things are starting to line up, both on the chart and behind the scenes.
Crypto expert Michaël van de Poppe recently called LINK one of his top picks for the next market cycle, pointing to its expanding partnerships in the U.S. and the growing importance of utility tokens and DeFi.
Looking at the price action, LINK has been bouncing around the same zone, between about $5.50 and $9.75, since mid-2022. It’s been forming a series of tight consolidation boxes, each showing higher lows but failing to break out. That kind of structure usually points to steady accumulation, where buyers are gradually loading up.
Now, things are getting interesting. LINK price is pressing up against a long-term descending trendline that’s been holding it back since early 2021. The price is flattening out just beneath it, creating what traders call a “compression” setup. If LINK can finally punch through that $9.75 level, the next stop could be around $26.50, a potential 470% move from where it is now.
What you'll learn 👉
Chainlink Price Key Support and Resistance Levels
The chart outlines multiple key zones that have acted as structural anchors for LINK’s price. The primary demand area between $5.50 and $6.50 has consistently held through each dip, offering strong buying interest. A secondary support level near $7.00 has served as short-term backing within the larger range.
On the upside, $9.75 remains the key resistance area. LINK has failed to close above this level in previous attempts since early 2022. A breakout beyond this level may validate a long-awaited trend reversal. The projected target range around $26.50 is based on historical performance during similar market setups.
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LINK On-Chain and Ecosystem Developments
Van de Poppe’s tweet underscores LINK’s progress on the development side. He referenced the project’s growing list of U.S.-based partnerships and ecosystem initiatives, including integration with major financial institutions and the deployment of new solutions such as CCIP and staking.
He further stated that the market has yet to fully price in the expansion of Chainlink’s ecosystem. According to his outlook, LINK price next run could exceed its 2021 peak if technical and fundamental growth converge.
Market Sentiment and Chainlink Price Outlook
When you look at the volume, there’s a clear pattern: it tends to spike right before LINK breaks out of its consolidation zones. Presently, the trading volume is still relatively low, which is perceived by numerous analysts as normal right before a big move. It’s the calm before the storm, so to say. Meanwhile, the Relative Strength Index (RSI) is less than 50, which suggests there is still plenty of space for the price to go upwards without getting overbought.
If the current momentum in Chainlink’s ecosystem keeps growing and traders start to take notice, LINK price might soon be one to watch again. With years of quiet accumulation behind it and a growing role in the DeFi world, this might be the moment where all that groundwork starts to show up in the price.
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