Chainlink (LINK) price jumped nearly 6% intraday and is now trading around $14.20, moving closer to the key $15 level that has capped upside for weeks. The rally has improved sentiment, but LINK has not confirmed a breakout yet. For now, price remains locked in a broader $13–$15 consolidation range, where buyers keep defending dips and sellers continue to show up near resistance.
Adding to the bullish backdrop, institutional attention around Chainlink has improved, with Bitwise’s approval of the Chainlink ETF on NYSE Arca strengthening credibility and potentially supporting steadier long-term positioning. If LINK flips $15 into support, the next targets sit near $18 and $21. Until then, LINK may keep consolidating, rewarding patience over aggressive chasing.
Over the last two months, $13 has acted as a strong support floor, repeatedly absorbing sell pressure. On the upside, $15 is the main hurdle, lining up with both the range ceiling and a trendline barrier. This tightening price action suggests LINK may be entering a “compression before expansion” phase, but the market needs a clean push above $15 with rising volume to validate the breakout.
The weekly LINK price shows the token following a pattern of accumulation followed by a breakout. The breakout in 2023 and 2024 resulted in a 130% jump, while in July 2025, the LINK price surged by more than 60%. On the other hand, the weekly MACD is also heading towards a bullish crossover as the selling pressure fades away. Therefore, the LINK price is required to break above the accumulation zone by surging above $15.2. Technically, this may trigger a bull run, elevating the levels beyond $30.
Chainlink price is at the foothill of a massive explosion. Hence, if the DeFi giant follows the pattern, it may soon begin with a strong rally. On the other hand, a failure may extend the consoldition restricting the rally below $16.5 until market sentiments improve.
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