Chainlink (LINK) Price Action and Upcoming Levels
According to CoinPedia’s technical analysis, LINK now appears bullish as it has officially broken out of the descending channel pattern, where it previously experienced price declines. Additionally, it has overcome resistance from the 200 Exponential Moving Average (EMA) on the four-hour timeframe.
Based on recent price action and historical patterns, if LINK maintains support at $15.15, it could potentially rally 25% to hit $19.30 in the coming days.
As of now, the altcoin is consolidating within a tight range, suggesting potential preparation for an upside rally.
Bullish On-Chain Metrics
In addition to the bullish price action, on-chain metrics further support this positive outlook. Data from the on-chain analytics firm Santiment reveals that LINK’s social dominance is at its highest level in recent weeks, signaling a bullish trend for the token.
Meanwhile, LINK’s development activity is at its peak since the beginning of March 2025, which is another bullish sign. Additionally, LINK’s supply on exchanges has dropped, indicating that whales and investors are potentially accumulating or withdrawing the asset.
When considering all these on-chain metrics, it appears that the bulls are back and could support LINK’s future gains.$LINK