- Chainlink increases close to the 1.618 Fib of 23.69, indicating an extension of bullish formation.
- The Money Flow Index of 79 indicates high inflow of capital, which favors positive price movement.
- Resistance $28 and support 18.82; wedge pattern breakout may trigger a rally beyond 31.57.
Chainlink Price may break out at the edge with the technical indicators and institutional momentum showing a possible breakout. As prices approach critical resistance and the inflows of capital drive the momentum upwards, analysts are observing a dramatic movement. In case the pattern of the existing wedge pattern breaks upwards, LINK could eventually reach a break through the $30 ceiling- a clear indicator of a confident charge towards the long awaited milestone of $100.
From Wedge to Breakout: Chainlink Price Prepares for Next Major Leg Up”
An analyst on X platform has outlined that LINK price could soon surge beyond long-standing barriers towards the $100 level. Charts show areas of strengthening support that can be followed by explosive upward moves that give room to accelerate.
Compression periods tend to burst out like a drama, and LINK seems to be stuck in one now. The resistance at around $30 has repelled gains in the past, but fresh accumulation indicates that it may alter.
Institutional inflows coupled with established price structures give confidence that buyers can maintain higher grounds. Hence, Chainlink price prediction 2025increasingly leans toward a bold climb reaching triple digits.
LINK/USDT Chart (Source: X)
On the weekly chart, LINK’s current price is trading at about $24.20, which is near the 1.618 Fibonacci extension of about $23.69. The Money Flow Index is in an uptrend at 79, indicating strong capital inflow into the token.
Price action is still trapped in a wedge and this type of narrowing often leads to greater movements once broken. The resistance is at $28 and the support is at around $18.82 and $12.80.
As long as prices remain above $20, the chances of a rally towards $31.57 are much higher. Thus, the technical background supports the potential of upward extension after pressure relief.
Read Also:
