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The Chainlink price prediction shows signs of a potential breakout from its descending channel, with bullish momentum building above the moving averages.
Chainlink Prediction Data:
- Chainlink price now – $14.91
- Chainlink market cap – $9.75 billion
- Chainlink circulating supply – 657.09 million
- Chainlink total supply – 1 billion
- Chainlink Coinmarketcap ranking – #12
Getting in early on crypto projects is often where the biggest opportunities lie, and Chainlink (LINK) is a perfect example. Since its all-time low of just $0.1263 back on September 23, 2017, LINK has skyrocketed by an incredible 11,677.64%. Even with the price currently ranging between $14.73 and $15.24 over the last 24 hours, it’s clear that early adopters have seen massive gains. Chainlink’s journey from its humble beginnings to an all-time high of $52.88 in May 2021 shows just how powerful being early in the crypto space can be.
LINK/USD Market
Key Levels:
Resistance levels: $19, $21, $23
Support levels: $11, $9, $7
The daily chart for Chainlink (LINK) against the US Dollar reveals that the market remains inside a descending channel pattern. However, recent bullish activity shows the price attempting to challenge the channel’s upper boundary. LINK is trading slightly above the 9-day and 21-day moving averages, indicating a potential shift toward bullish momentum. The narrowing gap between these moving averages suggests that buyers are gaining strength, positioning the market for a possible breakout if momentum continues to build.
Chainlink Price Prediction: LINK Could Break Higher if Bulls Maintain Control
The current positioning above the moving averages shows early signs of strength, and if the bulls manage to sustain the momentum, LINK could climb toward the resistance levels of $19, $21, and $23. A confirmed break above the descending channel would further validate a bullish trend reversal. However, failure to breach this key zone could cause the market to stall or pull back slightly, especially if the buying volume weakens. Traders should closely monitor price action around the channel resistance for confirmation of the next major move.
Chainlink Analysis: Ready for a Skyrocketing Move – Key Support Levels
On the flip side, if selling pressure increases and LINK is rejected at the upper boundary, the price may retreat to the key support levels at $11, $9, and $7. The 9-day moving average remains just below the 21-day MA, signaling that the market still carries a risk of bearish continuation if bullish momentum fades. Meanwhile, volume spikes and candlestick formations around these support and resistance zones will be critical indicators for where LINK could head next.
LINK/BTC Shows Signs of Strength Despite Ongoing Channel
The daily chart for Chainlink (LINK) against Bitcoin (BTC) shows the market trading within a descending channel, but recent price action suggests a potential shift. LINK is currently priced around 1582 SAT, gaining slight upward momentum after bouncing off the support zone around 1400 SAT. Notably, the 9-day moving average (1549 SAT) is attempting to cross above the 21-day moving average (1513 SAT), hinting at a possible bullish crossover. The trading volume has also shown a modest increase, suggesting a rise in buying interest. If bulls maintain control, LINK could challenge the next significant resistance level at 1900 SAT, where a further upward breakout could confirm a stronger trend reversal.
On the flip side, LINK must sustain its position above the key 1400 SAT support to avoid falling back into deeper bearish territory. A slip below 1400 SAT could expose the price to the lower support around 1300 SAT, reinforcing the descending channel pattern. For now, the momentum leans cautiously bullish, especially as price action starts to push against the upper boundary of the channel. Traders should watch for a decisive breakout above the trendline resistance, as this could open the path toward higher targets and confirm a mid-term trend reversal for LINK/BTC.
Additionally, @clifton_ideas shared with his 20K+ followers on X (formerly Twitter) that $LINK is gearing up for a potential breakout on the monthly timeframe, highlighting growing bullish pressure. If an upside breakout occurs, he noted that the next major target area could be around $100. 📈
$LINK is getting Ready For breakout in Monthly Timeframe..
In Case of Upside Breakout the Next Target Area Could be 100$📈#LINKUSDT #LINK #Crypto pic.twitter.com/ZTCPBOo2CI
— Clifton Fx (@clifton_ideas) April 25, 2025
Alternatives to Chainlink
The Chainlink (LINK) daily chart shows the price trying to break out of a descending channel, trading slightly above the 9-day and 21-day moving averages, indicating building bullish momentum. A breakout above the channel’s resistance could confirm a trend reversal, while a rejection may lead to a pullback toward lower support levels. Although bullish signals are present, a slight bearish crossover between the moving averages suggests caution until a clear breakout occurs. Meanwhile, Best Wallet is a functional cryptocurrency wallet offering swapping, staking, and crypto management features. It is considered safe and beginner-friendly, though it may lack the transparency preferred by advanced users. Its presale is ongoing, allowing token purchases ahead of the official launch expected in the second quarter of the year.
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