Chainlink (LINK) is experiencing a notable surge, recently surpassing the $25 threshold, with analysts pointing to a significant bullish setup that could enhance the token’s trajectory. Market expert CW highlights that LINK is currently “breaking through the sell wall” positioned within the $25.5 to $26.5 resistance zone, a barrier that has thwarted previous rallies. Should the buying pressure sustain above this level, this resistance could be transformed into support, potentially paving the way for Chainlink to reach the next major supply zone located around $30 to $31, thereby strengthening the upward trend evident on the 4-hour chart.
In a broader context, FitzoCrypto suggests a long-term bullish breakout pattern that might drive Chainlink’s price toward an ambitious target of $150 in the months ahead. The consistency of higher lows posted since mid-2022, coupled with a robust trading volume of $1.21 billion, reinforces a positive market structure that bolsters this optimistic outlook for 2025.
Following a multi-day ascendancy, Chainlink is currently trading at approximately $25.20. The 4-hour Coinbase chart indicates that the cryptocurrency is navigating a critical resistance band between $25.50 and $26.50, a range that has historically hindered price surges. CW’s analysis indicates strong buying pressure is currently testing this essential zone.
Additionally, green support zones are identified between $23.7 and $22.1, where previous demand has been evident during earlier retracements. If buying continues to maintain strength above $25.50, this area could solidify as a support base, thus allowing prices to turn their focus toward higher supply zones near $30 to $31. However, failure to sustain gains above $25 may lead to a revisit of those lower supports.
Exploring the long-term outlook, FitzoCrypto emphasizes that Chainlink is currently forming a substantial breakout pattern on the weekly timeframe. Price action has been pushing against a multi-year descending trendline while consistently achieving higher lows since mid-2022. This period of consolidation appears to have tightened the price range, increasing the likelihood of a significant price movement as the market builds momentum.
If Chainlink can effectively surpass the $28 to $30 range with robust closings, analysts project a potential price target reaching $150 within the coming months. FitzoCrypto’s analysis reflects a history of accurately predicting significant movements, including an early call when the altcoin was priced near $5, highlighting the value of patience as the market gears up for a larger move expected through late 2025.
In the short term, the asset has gained 2.16% over the past 24 hours, rising from $24.20 to approximately $25.00 before encountering a slight pullback. The trading volume is robust at $1.21 billion, indicating strong market participation and liquidity. Hourly charts depict a series of higher lows, underscoring consistent demand throughout intraday trading sessions.
Chainlink’s market capitalization stands at $16.96 billion, ranking it among the top 15 digital assets. The ability to hold above the $25 level following multiple intraday tests strengthens the current upward momentum. The immediate resistance level is close to $26, where potential selling pressure might pause its advancement should buyers not sustain their strength.
For bullish continuation, the key resistance zone remains between $25.5 and $26.5, where sellers have historically responded. A sustained daily close above this area would not only facilitate movement toward the larger supply zone near $30 to $31 but would also confirm a structural shift on higher timeframes as identified by FitzoCrypto.
Conversely, a failure to maintain the $24.50 level could trigger a deeper retracement down to support levels at $23.7, $23.1, or the $22.5 to $22.1 range, which have served as reliable bases for previous rebounds and are likely to attract buying interest if tested.
In summary, Chainlink’s current technical structure, bolstered by analyst projections, signals an environment ripe for building price strength in anticipation of a potential long-term rally. The forthcoming sessions will be crucial in determining whether buyers can uphold momentum above critical resistance levels and initiate a surge toward the projected $150 target.
