Chainlink Price Prediction: LINK Surges 31+% – Is $15 the Next Target?

Summary:
• LINK surges 31% to $14.21. Can it break the $15 resistance? Lets explore the Key support and resistance levels.

Chainlink (LINK) has captured market attention with a remarkable 31% surge over the past few days, trading at $14.21 as of today. With LINK nearing the pivotal $15 resistance level, market participants are closely monitoring whether the current momentum can propel the token to fresh highs.

Key Chart Analysis for LINK

The daily chart highlights Chainlink’s strong technical structure following its 31% rise. Here are the critical levels to watch:

• Chainlink Support levels:
  • $12.98: Immediate support level, tested during the recent breakout.
  • $12.37: A key level aligning with the 20-day EMA at $12.27, which reinforces the uptrend.
• Chainlink Resistance levels:
  • $14.85: The immediate resistance zone, aligning with this week’s highs.
  • $15.00: A psychological barrier that could trigger significant upside if breached.
  • $16.50: The next major resistance, which hasn’t been tested since early 2023.

Can Chainlink Break $15?

Strong fundamentals and favorable market conditions have supported Chainlink’s rally. To sustain this momentum, LINK must clear the $14.85 resistance with increased volume. A successful breakout could see the token test $15.

Chainlink Outlook: Bullish or Cautious?

Chainlink isn’t just a contender—it’s becoming a cornerstone of the crypto world mostly because of its role in powering DeFi. Sure, the path ahead may have a few twists, but LINK’s expanding adoption suggests it’s playing the long game. Whether you’re bullish or cautiously optimistic, one thing is clear: Chainlink is not just another crypto—it’s the infrastructure that makes decentralized dreams a reality.