Chainlink maintains strong support near $18 as analysts forecast a bullish breakout. More Crypto Online and Ali Charts predict a move above $20 could spark momentum, with a breakout beyond $25 potentially targeting $100.
LINK’s rising trading volume and consistent accumulation reinforce bullish sentiment as the token strengthens its DeFi and RWA presence.
LINK Maintains Key Support Amid Market Volatility
Chainlink continues to trade with resilience as it maintains strong structural support around the $18.00 level, according to analyst MoreCryptoOnl. Despite short-term volatility across the crypto market, this level has remained a critical demand zone throughout October. Multiple retests of this region suggest that buyers continue to absorb selling pressure, viewing it as a re-accumulation phase before the next upward expansion.
LINKUSD Chart | Source:x
The current trading pattern shows the token forming a base near $18.00 while defending this level aggressively. The price structure remains consistent with a bullish setup, with buyers repeatedly stepping in at dips below $18.30. The analyst noted that a sustained defense of this area keeps the market structure intact, allowing room for a potential move toward higher resistance levels.
Resistance at $20 Could Define the Next Trend Shift
The immediate resistance level is positioned near $20.00, a point analysts say could determine whether the token enters a stronger bullish phase. A confirmed breakout above this level could shift overall sentiment, with market participants turning increasingly positive. The Fibonacci retracement zone between $18.3 and $19.6 shows a consolidation range where it has repeatedly paused before advancing.
If Chainlink closes above $20.00 with convincing trading volume, analysts believe a renewed wave of buying could follow. Technical projections show that the next potential price objectives lie between $22.00 and $24.00, where larger resistance trendlines intersect. Until that breakout occurs, the $18.00 zone continues to serve as the primary pivot separating consolidation from a broader upward trend continuation.
Analyst Sees Path Toward $100 If $25 Breaks
Crypto analyst Ali shared a longer-term bullish outlook, suggesting that Chainlink could experience a powerful uptrend if it breaks and sustains above $25. His chart presents a symmetrical triangle pattern that has been developing since 2022. Such a structure often precedes a large expansion move following prolonged consolidation. The asset currently trades near $18.80, maintaining its bullish formation within the $16–$18 support range.
LINKUSDT Chart | Source:x
Ali’s projection includes Fibonacci extensions that mark possible targets at $32, $53, and $99, reflecting a multi-stage upward trajectory if the breakout materializes. A move beyond $25 would confirm a macro trend reversal, potentially replicating its strong performance during previous market cycles. The pattern reflects a long-term accumulation phase that may lead to an acceleration in price momentum once major resistance levels are cleared.
Price Action and Market Performance Strengthen Outlook
Over the last 24 hours, the price has risen 8.91% to $18.57, supported by a market capitalization of approximately $12.94 billion and a trading volume exceeding $1.35 billion. The 24-hour chart shows a clear rebound from the $17 range, suggesting renewed accumulation among traders. The consistent demand has kept prices within an upward channel throughout recent sessions.
LINKUSD 24-Hr Chart | Source: BraveNewCoin
The trading data indicates a consolidation period between $18.30 and $18.90, where the altcoin is building a new short-term base. This consolidation phase, accompanied by increasing volume, signals growing participation from buyers preparing for another breakout attempt. Technical momentum remains favorable as long as the asset holds above the $18.00 level, with the potential for short-term expansion toward $22–$25.
