Chainlink Flashing Signals of Next Major Rally, Analyst Shares Next LINK Target

According to crypto analyst World of Charts, Chainlink shows strong signs of its next bullish impulse wave readying to ignite after consolidating in a bull flag pattern for several weeks now.

With LINK approaching trendline resistance, he anticipates an upside breakout with initial sights on $25 before continuation towards $28 materializes over the coming weeks.

Fellow trader Captain Faibik echoes this perspective on a rally brewing for LINK amidst its constructive pullback and basing activity.

Additional technical analysis

Crypto insights platform altFINS further endorses the optimistic setup in its latest update:

  • Maintained position within the long-term price uptrend
  • Bullish momentum signals are re-emerging after a pullback to $11.80.
  • Next target is $17 en route to the psychological $20 level.

With key indicators like the MACD line crossing above the signal line in bullish fashion, altFINS sees minimal resistance to $17 where conviction would grow around attacking $20 and beyond—in line with original upside projections.

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Given Chainlink’s entrenched position providing irreplaceable oracle infrastructure and data availability for blockchain applications, the return to an unequivocal bullish trend aligns with its sustainable role as a category leader.

With altcoins accelerating, traders can deploy bullish-biased LINK strategies on recurring pullbacks before an eventual breakout sustains and overextends towards reclaiming its all-time highs.

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Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency