Chainlink (LINK) Poised for 25% Rise Following Bullish Breakout

The article Chainlink (LINK) Poised for 25% Gains Following Bullish Breakout first appeared on Coinpedia Fintech News On March 26, 2025, Chainlink’s native token LINK has been gaining a lot of attention on social media after forming a bullish price pattern on the four-hour timeframe. The altcoin has been moving within a descending parallel channel since early February 2025.

However, with today’s surge in price, it has broken out of this long-term bearish trend.

Chainlink (LINK) Price Action and Upcoming Levels

According to CoinPedia’s technical analysis, LINK now looks bullish as it has officially broken out of the descending channel pattern that had been its previous price decline. Furthermore, it has overcome the resistance of the 200 exponential moving average (EMA) on the four-hour timeframe.

Based on recent price action and historical patterns, if LINK holds the $15.15 support level, it could surge by 25% to $19.30 in the coming days.

As of now, the altcoin is consolidating in a narrow range, indicating that it may be ready for an upside rally.

Bullish On-Chain Indicators

Apart from the bullish price action, on-chain indicators also further support this positive outlook. Data from on-chain analytics firm Santiment shows that LINK’s social dominance has reached its highest level in recent weeks, indicating a bullish trend for the coin.

Meanwhile, LINK’s development activity has peaked since early March 2025, another bullish sign. Additionally, LINK’s supply on exchanges has declined, indicating that whales and investors may be accumulating or withdrawing from the asset.

When considering all of these on-chain indicators, it seems that the bulls are back and may support LINK’s future gains.

Current Price Momentum

At press time, LINK is trading near $15.40, with a price increase of more than 2.25% over the past 24 hours. However, during the same period, the asset’s trading volume has dropped by 20%, indicating a decrease in trader and investor participation compared to the previous day.