Chainlink’s Price Breakout: A Wild Ride to $32 🚀💰

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Well, now, if you ever thought a digital coin could charm its way into a 7% leap in just 24 hours, you ain’t seen nothing till you’ve seen ChainLink. Currently trading around $15.35, this little rascal has been on a tear, driven by a volume spike and a backbone of solid support. Analysts are all aflutter, pointing to a clean breakout and an Elliott Wave pattern that suggests this ain’t the end of the road, but just the beginning of a grand adventure.

Short-term targets are floating around $14.90–$16.00, but the real excitement is in the long-term projections. If the momentum keeps up, we’re looking at a move toward $28–$32. A confirmed higher low near $12 and sustained demand above $14.80 are the signs we’re watching for. With technical indicators flashing green, Chainlink might just be gearing up for the next leg of its journey, as investor interest heats up across the trading platforms.

Chainlink (LINK) Price has broken free from its chains, surging 7.37% over the last 24 hours to trade near $15.35, all backed by a healthy dose of volume and a bullish structure that’s hard to ignore. According to data from TradingView, ChainLink Price has been on a steady climb from $14.00, breaking through several resistance points, including $14.50, and reaching a local high just below $15.40. The move was accompanied by a steady rise in volume, signaling that this ain’t just a flash in the pan, but a genuine surge in interest.

Source: BraveNewCoin

At the time of writing, ChainLink Price is taking a breather just above the $15.00 zone. Analysts see this as an intraday support area, where the market is pausing to catch its breath before making a run for higher levels. With LINK’s market cap now exceeding $10.41 billion, traders are keeping a keen eye on whether the price can hold above $15.00 and make a bid for the $16.00 psychological threshold.

Trader Rai Eyes $14.90 Short-Term Target

Analyst Trader Rai has shared a chart setup that identifies a precise long entry opportunity at $14.691, with a stop loss at $14.675 and a target of $14.907. This setup follows a breakout above a tightly bound consolidation range between $14.30 and $14.50. The breakout happened with minimal retracement, pushing the price into a bullish structure of higher highs and higher lows. The chart suggests a narrow stop loss window, offering a favorable risk-reward ratio, which reflects confidence in a clean continuation move toward the near-term target.

The $14.60–$14.69 range is now seen as a demand zone, offering structural support for the ongoing bullish trend. As long as the price remains above this area, the bulls could continue to build momentum. The entry window shared by Trader Rai reflects a strategy based on breakout-retest behavior, where prior resistance flips into support. Price action has hovered near this range during recent sessions, indicating that the zone may be confirmed as the new base for further upward moves.

Elliott Wave Setup Projects LINK to $32

Degencoder has charted a breakout from a long-standing descending resistance, suggesting the end of Wave (2) and the beginning of a bullish Wave (3) based on the Elliott Wave model. The target for this next leg falls within the $28 to $32 range, with current price levels near $14.85 showing early signs of expansion. Wave (3) typically represents the strongest part of the cycle, often driven by increasing volume and institutional entry. The breakout occurred near the $12.00 base and aligns with a confirmed higher low.

The analyst notes that the breakout was accompanied by a Bollinger Band expansion, which may indicate growing volatility and trend strength. Technical confirmation of this wave structure could attract attention from both swing traders and long-term investors. If the projected path unfolds, LINK may test the $28–$32 zone before undergoing a corrective move. The next support in that scenario could appear near $24–$26, which aligns with Wave (4) pullback levels.

Price Holds Gains With Support Near $14.80

ChainLink Price action during the July 10 trading session showed consistent strength, with the token advancing over $1.00 from session lows near $14.30. The climb was supported by strong intraday volume, and LINK ended the session near $15.35 after peaking around $15.40. The $14.80 level now acts as short-term support if any retracement occurs. If ChainLink Price can maintain current momentum and stay above this support range, the projected targets of $16.00 in the near term and $28–$32 in the medium term remain viable technical zones.

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2025-07-11 23:33