Chainlink $LINK Forecast: Cup-and-Handle Breakout Ahead or Price Correction Looming?
Crypto analyst AMCryptoAlex projects that Chainlink (LINK) may revisit the $13.8 to $14.0 range before launching its next leg up. A bounce above $14, according to the analyst, could fuel a rally toward the $18–$19 region—aligning with classic cup-and-handle pattern projections.
Meanwhile, CoinCodex analysts share a bullish short-term outlook. Their models suggest LINK could surpass the $17 mark by May 5, and potentially climb to $19.49 by May 11 representing a 30.72% gain from current levels.
However, the optimism is paired with caution. CoinCodex forecasts that LINK may not sustain its gains, projecting a significant correction to $10.12 by May 24 a potential 32.13% drop from its recent highs.
In summary:
Short-term: Bullish breakout toward $18–$19 possible
Mid-term: Correction risk to $10.12 remains high
Key level to watch: $14—holding above could confirm breakout setup
