Chainlink Breaks Out of Downtrend As Analysts Eye $150 Target
Chainlink (LINK) broke out of a descending channel, signaling renewed accumulation with analysts targeting $18-$20, $33, and a long-term $150 price.Summary
Chainlink (LINK) has broken out of a months-long descending channel, suggesting a potential shift in market direction following increased buying activity near $15. Analyst Don shared a bullish setup, indicating that if momentum persists above $15, the token could target immediate resistance at $18–$20, which is a key supply zone. A confirmed move above this level could initiate a longer-term rally, with Don projecting a macro target of $150. Separately, analyst Crypto Tony identified $16.20 as a critical level; sustaining above this point would confirm bullish sentiment and target the $17.00–$18.00 range. Currently, LINK is trading around $16.15 after a 5.35% daily gain, supported by rising volume and consistent higher lows, reinforcing the view that controlled accumulation is underway.
(Source：Brave New Coin)