Chainlink hasn’t been the most exciting chart in the market lately, but some analysts think that might be about to change.
A few well-known traders on X are pointing out that the LINK price looks seriously undervalued right now and the chart setup suggests the token could be gearing up for a bigger move.
Analyst Don captured the sentiment perfectly when he said, “$LINK is very undervalued.” And honestly, looking at the current structure, you can see why traders are paying interest.
What you'll learn 👉
The LINK Falling Wedge Everyone’s Watching
One of the biggest calls comes from analyst WorldOfCharts, who highlighted a clean falling-wedge pattern forming on LINK’s BTC pair.
The LINK price has been tightening inside this structure for weeks, and it’s now sitting right under the breakout zone.
In his words, if the wedge breaks cleanly, LINK could run toward $30 on the USD pair. The charts he shared show exactly how tight the compression has become, usually a sign something is about to give.
Falling wedges tend to appear near the end of downtrends and often act as strong reversal patterns. With the LINK price sitting around the $11–$12 area, a breakout toward $30 would mark a major shift in momentum.
Here’s what’s interesting: the LINK/BTC chart looks much healthier than the USD chart. While LINK/USDT has been sliding inside a long-term downward channel, the BTC pair is starting to flatten and show signs of accumulation.
World Of Charts even mapped out a potential +50% breakout on LINK/BTC if momentum kicks in. Moves like that usually spill over into the USD chart quickly, especially when liquidity starts rotating into stronger pairs.
Read Also: Chainlink (LINK) Price Pullback Looks Almost Complete – Here’s Where the Next Pump Could Start From
Traders Think LINK Is Still Undervalued
The technicals aren’t the only reason people are watching LINK again. Sentiment across X leans heavily toward the idea that Chainlink is priced far below its actual long-term value. Don’s comment, “$LINK is very undervalued”, is something a lot of traders have been saying lately.
Chainlink is still the backbone of crypto’s data layer. From oracle feeds to cross-chain protocols, hundreds of projects depend on LINK infrastructure. But despite that dominance, the LINK price has been stuck in a slow grind for months.
If the falling wedge plays out, that could shift quickly. Traders often move fast when a major breakout confirms, and a push toward the $20–$30 range could trigger a wider sentiment reversal.
What Comes Next for Chainlink?
Right now, everyone’s watching the same level: the top of the falling wedge. A strong breakout with rising volume would be the confirmation the bulls need. If that happens, the $30 target from World Of Charts suddenly looks a lot more realistic.
The LINK price has been quiet for a while, but the charts are starting to tell a different story. The next move might be bigger than it looks.
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