Technical analysis reveals Chainlink (LINK) is exhibiting strong bullish indicators across multiple timeframes, suggesting a potential upward movement toward the $44 price level. Key technical patterns and price level confirmations point toward sustained positive momentum for the cryptocurrency.
Chart analysis identifies a decisive double-bottom breakout above $15.39, establishing this level as solid support and signaling potential continuation toward the $31 resistance level. This pattern reinforces optimism around LINK’s trajectory, framed within a broader ascending trend channel.
The token currently trades above the critical 0.618 Fibonacci retracement level, reinforcing the bullish momentum narrative. Weekly charts further support this outlook, showing LINK emerging from a prolonged accumulation phase between $5 and $9.50.
Resistance checkpoints stand at $20.186, followed by $26.500 and $30.244. A decisive breach above these barriers could initiate a push toward primary targets at $44.861. Support levels remain critical at $15.089 and $12.299 for potential pullbacks, while failure to hold below $10.025 risks a decline toward $7.78.