Chainlink Price Prediction: Why LINK’s Setup Could Eclipse BTC’s Gain

As broader crypto markets show signs of stabilization, LINK’s setup has caught the attention of analysts who believe its trajectory could outperform leading assets, including Bitcoin, in the near term.

A combination of bullish chart patterns, rising momentum indicators, and consistent volume support suggest that Chainlink may be preparing for a move that could redefine its current market valuation.

Chainlink Price Descending Wedge Pattern and Bullish Indicators

In a recent update shared on X, analyst Crypto Avi (@crypto_tech_avi) highlighted a bullish setup on Chainlink’s daily chart, specifically pointing to the formation of a descending broadening wedge pattern.

This technical formation, often associated with reversal signals, has defined LINK’s market structure since late 2024, with a sequence of lower highs and lower lows. The price is now nearing the upper boundary of this pattern, with LINK recently testing the $16.50 region—a level that has previously acted as strong resistance.

Source: Crypto Avi VIA X

Avi’s analysis suggests that a breakout from this wedge could result in a 40% to 60% rally, potentially pushing LINK toward the $25–$26 price range. This projection aligns with historical resistance zones and would mark a significant shift from the current consolidation trend.

The pattern’s convergence, combined with higher lows in recent weeks and increasing trading volume, supports the thesis of a bullish reversal. A close above the wedge resistance would be critical, as it could lead to accelerated price movement fueled by momentum traders and potential short liquidations.

Market structure on the daily time frame appears to favor buyers, with recent price action staying consistently above key support levels. Should LINK price confirm a breakout, the broader implication is a trend shift that could outperform the pace of gains seen in more mature assets like Bitcoin.

Given that LINK has lagged behind the broader market during earlier stages of recovery, a technical breakout could signal a catch-up phase, with significant upside room available.

Chainlink Price Action and Liquidity Metrics

On the other hand, data from Brave New Coin confirms Chainlink’s short-term momentum, with the asset trading at $15.13, reflecting a 2.77% decrease over the past 24 hours. During this period, LINK has experienced a minor retracement, suggesting active price discovery supported by strong market interest, while still consolidating in line with BTC’s recent retracement..

The token’s market capitalization is touching $10 billion, while its 24-hour trading volume stands at $324.9 million, indicating robust liquidity and heightened buyer engagement.

Source: Brave New Coin

For most of May LINK has maintained a positive uptrend, the sustained price increase prior to the market correction was backed by consistent volume, and suggests accumulation by traders positioning ahead of a possible breakout. This aligns with the sentiment expressed by analysts watching the wedge pattern formation and the broader technical structure.

Chainlink’s fundamentals also remain intact, with its role in Decentralized Oracle Networks (DONs) continuing to provide real-world utility. The protocol’s services—including Price Feeds, Proof of Reserve, and Verifiable Randomness—are used extensively across decentralized finance, gaming, and tokenization sectors.

This blend of technical structure and fundamental application strengthens the case for sustained interest in LINK price, especially as the network expands and integrates with additional blockchain ecosystems.

Technical Momentum and Volume Trends Support Breakout Outlook

In addition, Chainlink price weekly chart reflects a market in transition, with LINK moving away from a multi-month downtrend that saw it reach a 2025 low near $10.07. Since that point, the asset has reclaimed higher levels, now trading close to $16.71.

The current price action shows steady upward movement toward the $19.53 resistance zone, a critical technical level that could define LINK’s medium-term direction. The structure of the recent weekly candles, marked by reduced volatility and gradual gains, suggests consolidation prior to a possible breakout attempt.

Source: TradingView

Two key technical indicators support this outlook. The BBPower (Bull Bear Power) has turned positive, now reading 0.92, marking the first such occurrence since mid-February. This shift indicates that buying pressure is beginning to outweigh selling, a necessary condition for sustained bullish movement.

Meanwhile, the Relative Strength Index (RSI) has risen to 51.63, crossing above the neutral 50 threshold. This move suggests growing momentum and confirms that LINK is moving out of an accumulation zone.

If LINK price can close the coming week above $19.53, this would establish a higher high on the weekly chart and potentially open the path to retest the $23–$25 range. Failure to break above this resistance, however, could result in a return to support near $14.50, reinforcing the importance of the current setup.

Nonetheless, the confluence of indicators and the continuation of higher weekly closes provide a supportive backdrop for a potential breakout.