Chainlink is starting to show fresh signs of strength as analysts point to multiple bullish setups forming on the charts.
LINK price is trading around $22.73, holding firm above key support, and many traders now believe a breakout could be close.
Analysts like Ronnie M Green and Donalds Trades have shared bullish takes on X (formerly Twitter), Indicating LINK could be gearing up for a run toward $40–$50 before the year ends.
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LINK Price Bull Flag Adds to the Bullish Case
Crypto trader Donalds Trades shared another bullish pattern, a bull flag forming on the LINK 4-hour chart.
After a breakdown of long-term downtrend in August, LINK price rallied into the high-$20s before consolidating inside a descending channel. The token is now trading just below the upper trendline around $23.5-24, and a breakout there could take prices towards $25, and then $30-32.
For now, $21-21.5 is a key support zone to hold. If that level gives way, LINK could slide back to $19, but as long as buyers defend it and push above $24, the setup remains intact.
Between the cup-and-handle and the bull flag, analysts see a strong technical foundation forming for LINK, one that could finally fuel the breakout long-time #LinkMarines have been waiting for.
Analysts Spot Bullish Patterns on LINK
Ronnie M Green told his followers, “I believe $LINK can now hit $40–50 by EOY!”, and the chart he shared backs it up.
The LINK daily chart shows what looks like a classic cup-and-handle pattern, which often appears before major bullish breakouts. The “cup” formed between March and July, creating a rounded base between $10-12, and the “handle” began taking shape after LINK’s August peak near $28-29.
Since then, LINK price action has been consolidating in the $20–22 zone, which analysts see as a healthy pullback. Some even expect a quick dip below $20, what traders call a “fake breakdown”, before LINK bounces back and challenges the neckline around $28-29 again. That level remains the key battleground for confirming a real breakout.
Read Also: Here’s How Chainlink (LINK) Price Could See Its Next 2x Spike
Resistance and Chainlink Price Targets
The main resistance zones sit around $24-25 and then $27-29, where sellers stepped in during September.
If LINK price can break and close above that neckline area, it would complete the cup-and-handle pattern.
The measured move from this formation points toward a potential target in the mid-$40s, which lines up perfectly with Green’s $40–50 projection.
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