Chainlink (LINK) Eyes 25% Rally After Bullish Breakout
The post Chainlink (LINK) Eyes 25% Rally After Bullish Breakout appeared first on Coinpedia Fintech News
Today, March 26, 2025, Chainlinks native token, LINK, gained massive attention on social media following the formation of a bullish price pattern on the four-hour timeframe. Since the beginning of February 2025, the altcoin has been moving within a descending parallel channel.
However, with todays price surge, it has broken out of this prolonged bearish trend.
Chainlink (LINK) Price Action and Upcoming Levels
According to CoinPedias technical analysis, LINK now appears bullish as it has officially broken out of the descending channel pattern, where it previously experienced price declines. Additionally, it has overcome resistance from the 200 Exponential Moving Average (EMA) on the four-hour timeframe.
Based on recent price action and historical patterns, if LINK maintains support at $15.15, it could potentially rally 25% to hit $19.30 in the coming days.
As of now, the altcoin is consolidating within a tight range, suggesting potential preparation for an upside rally.
Bullish On-Chain Metrics
In addition to the bullish price action, on-chain metrics further support this positive outlook. Data from the on-chain analytics firm Santiment reveals that LINKs social dominance is at its highest level in recent weeks, signaling a bullish trend for the token.
Meanwhile, LINKs development activity is at its peak since the beginning of March 2025, which is another bullish sign. Additionally, LINKs supply on exchanges has dropped, indicating that whales and investors are potentially accumulating or withdrawing the asset.
When considering all these on-chain metrics, it appears that the bulls are back and could support LINKs future gains.
Current Price Momentum
At press time, LINK is trading near $15.40, having registered a price surge of over 2.25% in the past 24 hours. However, during the same period, the assets trading volume dropped by 20%, indicating lower participation from traders and investors compared to the previous day.
Read more: https://coinpedia.org/price-analysis/chainlink-link-eyes-25-rally-after-bullish-breakout/
Text source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
