Chainlink is consolidating near $17 as analysts Cantonese Cat and Don signal a potential breakout. Gann arc support remains intact, and a move above $18 could trigger a rally toward $25–$30.
With strong accumulation and bullish structure, LINK may be preparing to transition from consolidation into a new upward cycle.
LINK Maintains Support as Gann Arc Holds Firm
Analyst Cantonese Cat observed that Chainlink’s weekly structure continues to respect its Gann arc support despite ongoing volatility. The price remains above this cyclical level, signaling that long-term structural strength persists. Similar behavior was noted during earlier accumulation phases that preceded major reversals in 2020 and 2023.
LINKUSDT Chart | Source:x
At present, the token trades near $17, aligning with an intersection of multiple cyclical arcs. The zone has repeatedly acted as a base for trend recoveries. If the support continues to hold, it may serve as the foundation for a new impulse wave toward the $28 area. Technical symmetry on the Gann grid indicates that it remains within its long-term growth rhythm.
Analyst Views Indicate a Pending Breakout Structure
Analyst Don pointed out that Chainlink is nearing the end of a falling wedge pattern. This structure has historically signaled trend reversals when paired with rising trading volumes. The price is currently testing upper resistance near $18, mirroring conditions that led to its 2023 breakout.
LINKUSD Chart | Source:x
A confirmed move beyond this resistance may initiate a broader rally. Don projects that the next upside targets range between $25 and $30, suggesting that the asset could soon shift from consolidation into a sustained uptrend. The analysis also shows that its symmetrical setup mirrors earlier compression phases that preceded multi-month bullish expansions.
Current Price and Market Behavior
Chainlink trades at $17.40, gaining 1.34% in the past 24 hours. Market data shows a capitalization of $12.15 billion and daily trading volume of $428 million. During recent sessions, the asset briefly dipped to $17.10 before recovering, indicating active buying at lower levels. The rebound above $17.40 coincides with increased accumulation, suggesting renewed confidence among participants after short-term volatility.
LINKUSD 24-Hr Chart | Source: BraveNewCoin
Strong support remains around the $17.00–$17.10 range, where consistent buyer interest has emerged. Conversely, resistance near $17.50–$18.00 continues to restrict upside movement. Sustained closes above this range could confirm the breakout, while a drop below support may trigger short-term pullbacks before recovery attempts resume.
Outlook as the Altcoin Consolidates Before Potential Rally
Technical observations from both analysts show the asset consolidating within a well-defined structure that could soon resolve upward. The Gann support and wedge formation collectively suggest that price compression is nearing completion. If it maintains stability above $16 and volume strengthens, a transition toward the $25–$30 zone may follow.
The pattern of higher lows and consistent accumulation points toward growing demand from medium-term holders. As long as it stays within this technical framework, analysts believe the asset remains positioned for an eventual breakout aligned with its long-term cyclical trajectory.
