Chainlink Price Rises to $16 as Liquidity Trends Signal More Upside Ahead

Chainlink (LINK) Price is showing strong bullish momentum as it tests a key resistance zone between $16.00 and $16.50, with analysts pointing to a potential 10% upside if the level is cleared.

According to CW, a breakout from the current sell wall could send LINK toward the $17.60–$18.00 range, supported by healthy demand zones between $13.50 and $11.60.

Meanwhile, Bull Bear Spot noted a bullish divergence between LINK and M2 liquidity, suggesting LINK is still undervalued. With LINK trading above $16.00 and daily volume exceeding $659 million, market sentiment continues to support a sustained rally toward higher resistance zones.

Chainlink Price Rises to $16 as Liquidity Trends Signal More Upside Ahead

Chainlink (LINK) Price has approached a key resistance level between $16.00 and $16.50, according to a 4-hour chart shared by analyst CW. This price zone has served as a strong barrier in past attempts, marked by a dense concentration of seller interest.

At the time of the post, LINK was trading around $16.03, having followed a steady uptrend since early July.

Source:X

CW indicated that a confirmed breakout above this resistance band could enable an additional 10% upside move. Several green support regions remain intact below the current level, ranging from $13.50 to $11.60, suggesting structural strength on the way up. If buyers manage to push through the current supply zone, it may open the path to higher levels supported by trend continuation.

Macro Liquidity Correlation Hints at Higher Valuation

Analyst Bull Bear Spot provided a macro perspective by comparing Chainlink price action with the M2 global liquidity index. The chart illustrates a strong historical correlation between LINK and global M2 money supply growth.

The yellow line representing M2 liquidity has been trending upward sharply in recent months, while LINK’s price has trailed behind. This gap suggests that the token may be underpriced relative to broader liquidity trends.

Source:X

According to the analysis, the M2 curve points to a potential theoretical valuation of around $60 for ChainLink Price, based on prior convergence patterns. This setup is described as a bullish divergence between macro liquidity and current asset pricing.

If the correlation observed in previous cycles holds, LINK Price may begin tracking the rising M2 slope more closely in the upcoming weeks. The current lag positions the token as one of the altcoins with the potential to respond strongly to expanding monetary conditions.

24-Hour Price Movement Shows Consistent Buying Interest

Over the past 24 hours, LINK price posted a 4.17% gain, reaching $16.06.Chainlink Price trended upward all session, gaining momentum after breaking past $15.50 and $15.80. A brief pullback was followed by renewed buying, lifting LINK to a session high just above $16.10 before LINK price settled near the $16.00 level. This performance indicates sustained confidence from market participants during the intraday moves.

Source: BraveNewCoin

Trading volume during the same period totaled over $659 million, confirming that the upward move was supported by active participation rather than thin liquidity. The bounce from $15.20 earlier in the session acted as a reliable support base.

The combination of strong volume and higher low formations suggests the uptrend may continue if LINK holds above the $16.00 threshold. The next zone of resistance is expected near $16.40 to $16.80.

Support Structure and Market Strength Maintain Bullish Setup

The underlying structure of Chainlink’s chart points to strong support levels that have consistently held during price pullbacks. Buyers stepped in repeatedly near $13.50 and again around $15.20, reflecting a pattern of accumulation at key levels.

These zones now serve as reference points for traders monitoring the token’s short-term trend. Continued support above $15.50 may keep the current rally intact.

If LINK Price successfully clears the resistance near $16.50 with sustained volume, the next potential range lies between $17.60 and $18.00. This level corresponds to earlier supply zones that rejected price action in past cycles. Volume and momentum will remain critical factors in validating any further breakout. As long as demand stays stable and broader liquidity continues expanding, Chainlink may remain positioned to extend its recent gains.