Chainlink (LINK) Price: Bulls Eye Breakout as Daily Chart Flashes Green Light

TLDR

Table of Contents

LINK is consolidating around $15, up over 50% from April lows
SuperTrend indicator has flashed a buy signal on LINK’s daily chart
Technical analysis suggests a potential fifth wave rally with targets at $31.85 and $45.50
Strong resistance at $16 level needs to be overcome for confirmed breakout
Increased adoption through partnerships with Fidelity International and Sygnum strengthens fundamentals

Chainlink (LINK) is showing signs of a potential breakout as it consolidates around the $15 level. The popular oracle protocol has gained over 50% from its April lows, suggesting building momentum despite the current sideways trading pattern.

Market analysts are paying close attention to LINK as technical indicators point to possible upward movement. Most notably, the SuperTrend indicator has flashed a buy signal on Chainlink’s daily chart, often considered a reliable marker for identifying new bullish phases or trend reversals.

LINK has been range-bound between $10 and $16 since March, consolidating after a volatile start to the year. The $16 level has acted as a ceiling throughout April and May, presenting a critical resistance zone that bulls are now attempting to overcome.

The SuperTrend indicator has flashed a buy signal on the #Chainlink $LINK daily chart, signaling a potential shift in momentum. pic.twitter.com/kqayzn9Nd0
— Ali (@ali_charts) April 28, 2025

If buyers can push through and hold above the $16 mark, it would break the multi-week range and potentially confirm a bullish reversal. This could open the path toward higher price targets in the coming weeks.

Technical Outlook Strengthens

Technical analysis from market experts suggests LINK may be preparing for a fifth bullish wave. According to insights from Rose Premium Signals, Chainlink has completed its third bullish impulse wave and could be setting up for the next phase of its rally.

This forecast includes two major targets: a first take-profit level at $31.85, followed by a second target at $45.50. Many traders are maintaining long-term positions in anticipation of extended gains if the breakout materializes.

The technical picture highlights the importance of the 200-day moving average and exponential moving average, both clustered in the $16–$17 range. These trend indicators have served as dynamic resistance in recent months.

A clean push above these levels could confirm the bullish reversal and open the path toward the higher targets projected by analysts. However, the structure remains delicate, and failure to maintain strength could put LINK at risk of a deeper pullback.

If the $14 support level breaks, selling pressure may accelerate, potentially pulling the price toward lower demand zones around $12 or even $10.

Fundamentals Support Growth

Behind the technical indicators, Chainlink’s fundamentals continue to strengthen through increased adoption and strategic partnerships. The project has secured collaborations with major institutions like Fidelity International and Sygnum, solidifying its position as a leading DeFi oracle.

Chainlink now secures 54% of total value secured (TVS) by oracles in the market. Rising TVS and network usage, driven by Decentralized Oracle Networks (DONs), are increasing demand for LINK tokens.

The upcoming Chainlink 2.0 and its staking roadmap could further reduce the circulating supply by locking LINK tokens, potentially creating upward price pressure. This mechanism may tighten the available supply while demand continues to grow.

LINK’s recent weekly performance shows nearly 8% gains, maintaining strength above crucial support levels. This ongoing momentum positions Chainlink to test the significant resistance zone and potentially break through to target new highs.

The current setup comes amid challenging macroeconomic conditions, with global tensions continuing to rise. Despite this backdrop, optimism for Chainlink has grown as technical signals align with strong fundamental developments.

LINK is currently trading at $15.10, gradually climbing toward the critical $16 resistance level. Market participants are closely watching for signs of a breakout, especially as the overall crypto market heats up and investors rotate capital back into high-potential altcoins.

Chainlink’s ability to hold its current level and potentially break higher may set the tone for its next significant move, possibly reigniting a long-awaited rally for the oracle protocol that has established itself as essential infrastructure for the decentralized economy.

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