Chainlink Faces Make-or-Break Moment: LINK Targets $100 if This Support Holds

Chainlink tests $15 support as prominent analysts predict a possible recovery to higher prices if the critical demand zone holds
Senior Editor

Key Points

Chainlink trades near its $15 support zone that analysts say could decide its next major move.
Technical indicators show bullish divergence and shrinking exchange reserves point to lower sell pressure.
A new FTSE Russell partnership expands Chainlink’s institutional presence through onchain index publishing.

Chainlink (LINK) continues to trade near a key technical level, with analysts highlighting a key support area that could define the token’s next major move. Specifically, market analyst Ali Martinez identified the $14–$15 price range as a central accumulation zone for Chainlink, noting that a rebound from this range could ignite a rally toward $27 and potentially as high as $46. 

His chart showed LINK trading within an ascending channel, with current bearish trends pushing the token’s price to the lower support boundary of the wedge. A breakdown below the support at $14 would invalidate a bullish setup and potentially drag prices toward $12. However, a rebound would set Chainlink up for a revisit of the channel’s mid-range at $27 and possibly the upper resistance at $46.

Meanwhile, in a separate post, Martinez described the same support range as a “golden buy zone,” suggesting that the long-term demand zone near $15 could precede a breakout toward $100. His multi-year chart depicted LINK compressing within a symmetrical triangle pattern that had been in place since 2022, with converging trendlines signaling reduced volatility before a possible expansion. The formation mirrors earlier accumulation phases that preceded Chainlink’s rallies from below $3 to over $50.

Technical Indicators Turn Favorable for Chainlink

Notably, trader Rick Barber reinforced the bullish outlook, pointing to divergence across multiple momentum indicators. He highlighted that both the Relative Strength Index (RSI) and Stochastic RSI are showing higher lows while price action trends lower, suggesting underlying strength. The MACD indicator remains in a positive crossover above the zero line, reinforcing the case for a short-term recovery.

Chainlink Analysis
Chainlink Analysis

Barber’s daily chart showed concentrated buy-side liquidity between $14.50 and $15, marking it as a historical reversal zone. He noted that the current weakness represents “short-term noise” as long as prices stay above $15. The trader anticipates a possible rebound following renewed attention from Chainlink’s upcoming SmartCon conference and broader market stability.

Adding to the positive outlook, Chainlink recently announced a partnership with FTSE Russell to bring benchmark equity and digital asset indexes on-chain through its DataLink platform. The integration encompasses the Russell 1000, 2000, and 3000 indexes, as well as the FTSE 100 and several digital asset benchmarks, collectively representing over $18 trillion in tracked assets. FTSE Russell CEO Fiona Bassett stated that the collaboration supports efforts to advance tokenized financial products and innovation in exchange-traded funds. 

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Evans Kelvin

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Fear & Greed Index

Extreme Fear Fear Neutral Greed Extreme Greed
13/100
Extreme Fear

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LINK
$---.-- --.--%
Market Cap $---.--B
24h Volume $---.--B
Circulating Supply ---.--M
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Risk Score ---
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Fear & Greed Index

Extreme Fear Fear Neutral Greed Extreme Greed
13/100
Extreme Fear

Loading...

LINK
$---.-- --.--%
Market Cap $---.--B
24h Volume $---.--B
Circulating Supply ---.--M
Rank #---
Risk Score ---
7d Change --.--%

Loading cryptocurrency information...