Chainlink (LINK) continues to follow our projections with impressive technical precision. In our May 25 forecast, we identified clear signs of bearish vulnerability, warning that a rejection at $16.95 would likely accelerate a corrective move toward $12.81 and potentially deeper into the $11.52 support region.
That scenario unfolded almost perfectly, with LINK retracing down to test both levels in sequence. Now, however, the narrative has shifted, and the technical landscape hints at a bullish reversal taking shape — bolstered by key support flips, rising price momentum, and stabilizing macro market sentiment.
Technical Outlook
The daily chart (see attached) illustrates a clear structural rebound:
-
After bottoming near $11.52, LINK rebounded sharply.
-
The recent breakout above $12.81, a critical intermediate resistance-turned-support, signals a market structure shift.
-
A successful retest of this level from above confirms it as new support, adding conviction to the bullish thesis.
As of this writing, LINK is trading around $13.38, with short-term momentum pointing toward a test of the Intermediate Key-Resistance at $14.99, which serves as our official profit target for this bullish wave.
On a break above $14.99, the next significant upside level is $16.95, the major resistance level that triggered the last bearish rejection. Clearing this would open the path for a more sustained rally, especially given the improved macro environment and altcoin sector strength.
Higher Timeframe Confirmation
The Monthly chart provides a compelling complementary view:
-
LINK has printed a double bottom structure around $11.52, a historically reliable bullish reversal pattern.
-
A clear re-test and hold above $12.81 adds further confirmation.
-
The next major resistance level resides at $19.35, a long-term horizontal level and prior market pivot point.
-
Beyond this, a secondary upside target is marked at $26.35, though this would likely require broader market tailwinds to reach in the medium term.
As long as LINK holds above $12.81, the bullish scenario remains active, with price expected to gravitate toward the $14.99 target.
Chainlink Technology Update (June 2025)
From a fundamentals perspective, Chainlink continues to solidify its position as the leading decentralized oracle network. Recent updates include:
-
Launch of Chainlink CCIP (Cross-Chain Interoperability Protocol) v1.1, now integrating with several layer-2 scaling solutions, enabling secure cross-chain token transfers and messaging.
-
Expanded staking pools for LINK holders, improving network decentralization and incentivizing node operator participation.
-
Increased enterprise adoption, with recent integrations announced with TradFi institutions leveraging Chainlink’s Proof of Reserve services for on-chain asset auditing.
These enhancements not only strengthen Chainlink’s core infrastructure but also bolster long-term investor confidence, creating a supportive backdrop for the ongoing technical rebound.
Conclusion & Strategy
Chainlink’s price action has executed a textbook bottoming process at key support levels outlined in our prior forecast. With $12.81 flipped to support, bullish momentum is building, setting the stage for a move toward the $14.99 profit target.
Trading Outlook:
-
Entry Zone: Minor pullbacks into $13.00 – $13.20
-
Profit Target: $14.99
-
Protective Stop: Below $11.80
A clean break above $14.99 is likely to trigger the next phase of this recovery cycle, with upside potential expanding toward $16.95 and eventually $19.35 on higher timeframes.
Shortcut
