Chainlink trades above $17.00 after breaking key resistance, forming a bullish cup-and-handle pattern with upside targets.
Long-term structure highlights accumulation near $12.00, with exponential targets at $53.82, $100.48, and $144.68.
Recent breakout from $14.00 confirms bullish momentum, targeting $22.08 and $27.25 with demand holding above $12.00.
Chainlink has broken out of key technical structures and now trades just above $17.00, showing bullish continuation. Market experts are watching higher targets as LINK reclaims major levels after bouncing from long-term demand zones.
Long-Term Structure Points to Macro Upside
Chainlink’s long-term chart displays a macro rounding bottom, reinforced by decade-spanning technical patterns and base formation. Chainlink’s price has moved above key descending resistance and is building structure above the $12.00 retest zone. The broader setup aligns with multi-phase accumulation followed by potential exponential upside.
After retesting the rounded base trendline, the price stabilizes at a critical juncture between $17.00 and $18.00. In light of this movement, CryptoELITES has shared a detailed analysis of the breakout. According to the expert, LINK completed a bottom formation and sits just above the neckline zone near $17.002.
Source: CryptoELITES
The $12.00 area has served as key support, with repeated successful retests in that zone. Price rebounded from that support after a previous rejection near $27.50. The chart shows three exponential upside targets: $53.824, $100.479, and $144.684, mapping a 10X projection from current levels.
The rounding base spans from LINK’s 2021 high above $52 to its 2022 bottom below $7.00. The current structure resembles a textbook cup-and-handle pattern, with the handle forming near the $17.00 level. The breakout zone matches prior macro setups, and technical levels show consistency across all phases.
Short-Term Breakout Adds Fuel to Macro Setup
Besides the macro perspective, Lucky has offered additional insights using a daily breakout structure on the descending channel. The chart captures the recent breakout from the November 2024 downtrend, confirmed by a follow-through rally above the $14.00 region.
Source: Lucky on X
LINK reclaimed the $17.00 level after rising more than 53% from the $9.28 base. Short-term resistance is marked at $22.08 and $27.25, leading to a larger $30.94 target. This analysis shows bullish follow-through with two confirmed breakouts over six months.
Moreover, the chart outlines a dual-arrow projection that mirrors historical upside behavior. One arrow marks the previous breakout, while the second marks a possible continuation from $17.00. The pattern shows sustained accumulation below $14.00 before each breakout impulse took shape.
Support levels remain well-defined, particularly the $12.00–$14.00 zone labeled as the Demand Area. This zone supported all recent lows and has now flipped into a critical support structure. As price stays above this area, continuation toward the $22.00 level remains in play.
