The current Chainlink price has recently demonstrated its ability to stay above the $12 level. Analysts believe that maintaining this support could open the door for a strong move towards the $18 to $20 range.
With increasing market momentum and recurring bullish patterns, some traders now expect further upside.
Although the token has seen slight declines, the broader trend indicates increasing strength. Market watchers are now focusing on key technical signals as the next step unfolds.
●▪︎ Chainlink's price stabilizes above the main support level
According to analyst Ali, Chainlink's recent behavior around the $12 level is crucial. He noted that the token is still hovering just above this threshold, which is near the lower end of its ascending channel.
A rebound from this area could be the start of an upward move, especially if trading volume supports this move. Trend lines on the long-term chart, covering data from 2023 to mid-2025, indicate a pattern of higher lows and resistance retests.
At the time of publication, LINK was trading at $13.38, recording a slight decline over the past day, but achieving an overall gain of 2.05% over the week, according to CoinGecko data.
The current LINK price is near the 0.5 retracement level, which typically represents a decision point to continue either the bullish or bearish trend. If the price holds and bounces, the next resistance areas will appear around $18 and $20, both near the upper Fibonacci levels.
This situation aligns with prevailing expectations that price stability at $12 may attract renewed buying interest. Sustaining above these levels could propel the coin towards new local record levels if market conditions remain favorable.
Despite recent volatility, traders seem more confident in LINK's potential. Continued support from technical levels and community sentiment strengthens the coin's medium-term outlook.
With LINK maintaining its stability above a critical support area, the coming days may determine its short-term direction. If the optimists hold the $12 level and trading volume increases, a move towards the $18-20 range could be realized. Technical signals and Fibonacci areas align with these expectations.