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- 🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
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Chainlink Breaks Key Resistance and Eyes $30 in Bullish Surge
Chainlink breaks out of a descending channel, flipping $14.50–$15.50 into support with strong volume backing its bullish trend.
LINK targets $18 next as it forms higher highs and lows, signaling strong recovery from April's bottom near $10.50.
A successful breakout above $18 could spark a sharp rally toward $30, backed by bullish structure and rising trading momentum.
According to analyst world Of charts, Chainlink (LINK) is showing strong bullish momentum following a clean breakout from a long-standing descending channel. As of May 19, 2025, LINK trades at $15.33 after climbing 3.52% within the day. The asset reached a high of $15.88 and found intraday support near $15.26. This recent price action comes after a prolonged correction, where LINK dropped over 60% from its December 2024 high near $32, bottoming out at $10.50 in early April.
Since that low, the token has been steadily climbing. It has now flipped a key resistance level between $14.50 and $15.50 into support. This range had previously served as a critical battleground for bulls and bears throughout April and early May. Moreover, LINK has recently broken above the descending channel’s upper boundary, confirming a trend reversal with trading volume.
Breakout Confirmed, Eyes Set on $18
The breakout in mid-May was not only sharp but also came with a surge in volume. Consequently, this validates the move and supports the bullish outlook. A retest near the $15.00 level succeeded, establishing the breakout as technically reliable. Besides, LINK has begun forming a series of higher highs and higher lows—an essential marker of trend reversal.
Source: World Of Charts
Currently, the price is heading toward the $17.50–$18.00 resistance zone. This level previously acted as solid support in January 2025. Hence, reclaiming this level could trigger another wave of bullish momentum. Additionally, a bullish forecast shown by a curved projection suggests LINK could reach $30 by June. That target implies a potential 100% rally from current levels.
Market Structure Turns Bullish
LINK’s market structure is now technically bullish. It has maintained upward movement since April, supported by strong volume spikes during key reversals. Moreover, the timeframe extending from November 2024 to July 2025 offers context for this breakout within a broader cycle.
if LINK clears the $18.00 resistance, it would confirm the breakout’s validity. That would place Chainlink in a strong position for a parabolic move toward $30. The combination of volume, structure, and market behavior now heavily favors the bulls.
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