It looks like things are heating up for Chainlink. After months of moving in a tight downward channel, LINK has finally broken out, and traders are starting to pay attention.
The breakout has sparked fresh excitement, especially with the latest chart shared by popular crypto analyst @LLuciano_BTC. He believes the LINK price is setting up for a big move, and the technicals back it up.
What you'll learn 👉
LINK Price Breaks Out of Downtrend and Finds Support
If you’ve been watching Chainlink over the past several months, you probably noticed it’s been stuck in a slow grind downward. Since late 2024, LINK had been bouncing around inside a descending channel, making lower highs and lows. But now, that trend looks like it’s coming to an end.
In the chart posted by @LLuciano_BTC, LINK has broken above the top of that downtrend. The breakout is pretty clear and looks a lot like a similar move we saw last year around October. Back then, LINK exploded upward after breaking resistance, and Luciano seems to think history could be repeating itself.
This time around, the breakout has also brought LINK back into a strong demand zone. That’s an area where buyers have stepped in before, and it often signals a shift in momentum.
Analyst Sees a 53% Move Coming for Chainlink Price
Luciano didn’t say much in his post, just “$LINK is moving beautifully, target is already set — much higher. NFA.” Still, the chart does most of the talking. His target for LINK is around $27.25, which would be a 53 percent jump from where the price is right now at about $17.11.
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The upper box on the chart even shows a potential move toward $30.94 if momentum really picks up. While nothing is guaranteed, the setup looks strong, especially with that clean breakout and recent price action confirming support levels.
So if you’ve been waiting for a signal on LINK, this could be it. Whether you’re a long-term holder or just keeping an eye on the charts, Chainlink is definitely one to watch right now.
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