Chainlink Builds Momentum as Bulls Eye a Surge Toward $30 Level

As the altcoin stabilizes above $18 support, it remains well-positioned for a major recovery fueled by growing network adoption and investor accumulation.

Chainlink shows renewed bullish momentum after breaking key moving averages, targeting $20 and potentially $30 next. Analysts see parallels with LINK’s 2020 accumulation phase, suggesting a strong rebound ahead.

Bullish Momentum Strengthens Above Key Averages

Chainlink has begun showing renewed strength after breaking above crucial moving averages, indicating a shift in short-term market direction. According to analyst CryptoPulse, the asset remains within a strong accumulation zone, where investors continue to position for the next potential breakout. The token’s consistent pattern of higher lows and improved volume levels supports the outlook of ongoing buyer activity.

LINKUSD Chart | Source:x

CryptoPulse stated that the first major target lies at the $20 resistance level, which could serve as a key pivot point for further gains. The analyst added that a sustained breakout beyond this threshold may set the stage for the token to test the $30 region, with the possibility of higher valuations if momentum persists. Current market sentiment suggests buyers are gradually regaining control as selling pressure diminishes near the $18 zone.

Analysts Compare Current Setup to 2020 Bull Run

Analyst D.I.Y Investing compared its present market structure to its 2020 accumulation cycle that preceded a major uptrend. The chart pattern reveals similarities, with an extended consolidation phase followed by what the analyst described as a potential “V-shaped recovery.” This pattern was observed before Chainlink’s prior rally, where the asset rebounded sharply after a period of compressed trading.

LINK Chart | Source:x

D.I.Y Investing referred to the recent downturn as a “Covid-style liquidation,” drawing parallels to the 2020 flash correction that was quickly reversed. The analyst suggested that the altcoin may be completing a base formation before initiating another upward phase. The comparison indicates that the asset could be entering an expansion stage similar to its previous bull market performance.

Market Structure and Key Levels

Chainlink is currently priced at $18.23, reflecting a 3.15% decline over the past 24 hours. Its market capitalization stands at approximately $12.69 billion, while daily trading volume reached $827.46 million. The short-term chart shows a controlled retracement from $18.90 to $18.20, marking a brief pause in buying momentum as traders take profits following recent gains.

LINKUSD 24-Hr Chart | Source: BraveNewCoin

Support remains steady near $18.00, serving as both a psychological and technical threshold. If bulls maintain this level, the coin may rebound toward the $18.80–$19.20 range, aligning with recent intraday highs. On the downside, a break below $18.00 could expose the token to a retracement toward $17.60. The near-term outlook suggests continued consolidation, with opportunities for recovery if volume increases.

Outlook and Technical Projection

From a technical perspective, LINK’s 84% measured move projection aligns with previous post-accumulation expansions. The asset continues to trade above its short-term exponential moving averages, supporting the possibility of an upward continuation. A daily close above $19.00 would reinforce bullish control and increase the likelihood of a move toward $20 and beyond.

A confirmed breakout above the $20 mark could pave the way for $30, where CryptoPulse plans to reassess market conditions. The developing structure suggests that the ongoing accumulation phase may be nearing completion, potentially setting the stage for the next phase of its bullish cycle.