Please enter CoinGecko Free Api Key to get this plugin works.
Please enter CoinGecko Free Api Key to get this plugin works.
HomeCrypto NewsChainLink Price Prediction: LINK Targets $15 After Breaking Key $13.98 Resistance

ChainLink Price Prediction: LINK Targets $15 After Breaking Key $13.98 Resistance

-

Spread the love

ChainLink (LINK) price prediction has recently shown signs of regaining bullish momentum after clearing an important technical barrier.

The asset’s climb above $13.98 has prompted renewed interest among technical analysts, with early signs suggesting the potential for further upside.

Short-term market structure supports the notion of continued recovery, following a bounce from localized support near the $13.15 mark. As trading volume stabilizes and bullish indicators emerge across multiple timeframes, LINK now eyes the $15.00 region as its next strategic milestone.

Breakout Momentum and Trading Activity on X

In a recent X post, trading analyst TRADING HUB (@habibmunab) shared a 4-hour LINK/USDT chart highlighting a bullish reversal from the $13.15 support zone. The chart outlined a precise long entry taken at $13.469, which was timed just before LINK initiated its breakout.

A sequence of higher highs and higher lows began forming after this point, signaling ongoing buying pressure and active accumulation. The price then advanced past the $13.983 mark—formerly a resistance level—validating the initial breakout setup and adding strength to the short-term bullish outlook.

ChainLink

Source: X

Momentum continued to build as LINK approached $14.27, the next resistance zone highlighted by the analyst. The region now serves as a near-term test level that could determine the strength of follow-through buying. A confirmed move above $14.27 would likely open the path toward $14.591, a previously tested level that may serve as a reaction zone due to role reversal.

Traders are now monitoring the consolidation between $13.47 and $13.98 as a potential re-entry area should the price pull back, while a sustained close above $14.27 could accelerate movement toward higher price levels.

ChainLink Price Prediction: Accumulation Patterns and Medium-Term Targets

On the one hand, the 24-hour performance chart shows a mild yet consistent upward trajectory, with LINK price prediction closing at $13.44 and registering a 2.55% gain for the session. The price experienced an intraday dip to around $13.30 but rebounded twice, peaking near $13.45 before entering a stable recovery.

ChainLink

Source: Brave New Coin

Market cap currently stands above $9.1 billion, while trading volume reached approximately $176.6 million, indicating stable participation and liquidity. These dynamics suggest an accumulation phase where buying interest is sustained but measured, reflecting moderate confidence among market participants.

Additionally, technical analyst Dynamite Trader (@Dynamite_Fix) shared a bullish flag pattern forming on LINK’s daily chart. He noted that a breakout above the flag and the daily MA100 could propel LINK toward targets at $14.88, $15.81, $17.13, and even $18.82.

ChainLink

Source: X

While the chart structure supports the potential continuation, the analyst also advised implementing strict stop-loss levels to manage risk. These higher targets align with previously tested zones, reinforcing the technical case for upward extension, provided that price remains supported above $13.98 and momentum continues to build.

Indicators Show Positive Shift in Market Sentiment

On the other hand, recent daily price action suggests that LINK price prediction may be forming a short-term base after reversing from the $10.10 support zone earlier this month. The current price, $13.74, marks a 2.61% increase, adding weight to the case for a sustained rebound.

Price has successfully cleared a recent consolidation zone, and the next technical hurdle is at $16.00, followed by a key resistance at $19.53. The ability to maintain higher lows and breach consolidation ranges suggests growing bullish engagement at current levels.

ChainLink

Source: TradingView

The Balance of Power (BBP) indicator has turned positive, registering a reading of +0.75, confirming the return of buyer control. This shift follows a prolonged period of bearish dominance reflected by red histogram bars. The recent green bars indicate the early stages of a market transition, though continued follow-through is required for confirmation. If BBP remains in positive territory, it may support a gradual climb toward medium-term resistance levels.

The Relative Strength Index (RSI) also supports a strengthening bullish outlook. RSI currently stands at 52.42, having recently crossed above its 42.82 moving average. This crossover is considered an early signal of increasing bullish momentum.

A continued rise above the neutral 50 level would add further validation to the ongoing trend. However, if the RSI fails to hold, it could indicate weakening momentum, prompting a short-term correction. Overall, technical indicators suggest a cautiously optimistic environment, with LINK positioned to extend gains if momentum is sustained above current support zones.

LATEST POSTS

Floki Enters Blockchain Gaming with Valhalla MMORPG Launch

Floki has officially transitioned from its roots as a meme-driven cryptocurrency into a fully fledged gaming platform with the launch of Valhalla’s mainnet. The new...

Fineqia’s Bitcoin ETP With DeFi Yield Goes Live

A bitcoin exchange-traded product (ETP) that generates yield from decentralized finance (DeFi) markets has debuted on Tuesday, in what issuer Fineqia calls a first...

Bybit and Backed partner to launch xStocks on Spot platform

In a strategic move to unify traditional finance with the evolving digital asset landscape, cryptocurrency exchange Bybit has partnered with Backed, a Swiss-based issuer of...

XRP, TRX, DOGE Lead Majors With Positive Funding Rates as BTC’s Traditionally Weak Quarter Begins

A key metric called perpetual funding rates is signaling bullishness for top altcoins as bitcoin kicks off the traditionally weak third quarter quarter with...

Most Popular