Chainlink Price Breaks Out of Triangle as Bulls Target $30 Zone

Chainlink (LINK)Price continues to attract market attention as bullish patterns emerge across multiple timeframes. Recent technical charts shared by analysts highlight key breakout zones, particularly above the $16–$17 range, that may signal the beginning of a broader uptrend.

With LINK trading around $18.12 after a sharp but short-lived pullback, investors are watching closely for confirmation of a sustained rally. Trading volume remains strong at over $1.18 billion, suggesting persistent market participation.

Moreover, the breakout from a multi-year symmetrical triangle, as noted by analysts, aligns with long-term bullish momentum. While short-term price action shows volatility, technical indicators suggest a possible move toward $19.50 and beyond. This places Chainlink in a favorable setup for a potential surge toward the $30–$40 region.

Chainlink Price Breaks Out of Triangle as Bulls Target $30 Zone

Chainlink (LINK)Price has broken above its long-standing symmetrical triangle resistance, signaling a continuation of the upward trend. The token recently moved beyond the $16–$17 range, an area that had previously served as the upper boundary of a multi-year triangle pattern.

This breakout was confirmed on the daily chart and has since led to a rally pushing LINK to $17.89, before pulling back slightly. The breakout followed a sustained period of consolidation that began earlier this year. Price action inside the triangle had formed higher lows and lower highs, compressing LINK within a converging pattern.

With the breakout now confirmed, analysts are watching for further upside continuation. LINK Collector projected that the breakout structure could drive LINK toward the $30–$40 zone in the medium term, should volume and momentum remain intact.

Source:X

Analyst Observations Suggest Trend Reversal Formation

According to analyst CRYPTOWZRD, Chainlink’s recent price action has shown signs of short-term indecision. After the breakout and rally, LINK closed the last daily candle with reduced strength near $17.89. The candle’s formation signals that traders are waiting for confirmation of trend continuation before entering new long positions. Despite the neutral close, LINK remains above key structural zones, including the $16 support level.

Source:X

CRYPTOWZRD also indicated that intraday ChainLink price movement would be closely monitored for new trading opportunities. In addition, the analyst plans to evaluate shorter timeframes for signs of either consolidation or continuation, depending on Bitcoin’s broader movement.

Should LINK Price reclaim momentum, the next major resistance sits at $19.50. A clear break above that level may allow for an extended move toward the $30 target discussed by other market observers.

Daily Chart Shows Recovery After Brief Pullback

On the 24-hour chart, LINK Price experienced a modest correction from intraday highs near $18.80. Selling pressure early in the session pushed the token below $18.00, with short-term support forming near $17.50. This level has now acted as a stabilizing zone, as ChainLink price movements began consolidating around $18.12.

Source: BraveNewCoin

Volume remained steady throughout the session, totaling approximately $1.18 billion. The lack of volatility in the closing hours suggests equilibrium between buyers and sellers near current prices.

While the short-term trend softened, the broader breakout setup remains valid as long as LINK trades above prior resistance. The ability to maintain the $17.50–$18.00 range may determine the next direction in price action during the upcoming sessions.

Breakout Target Near $30 Gains Market Attention

With LINK Price sustaining its breakout above the symmetrical triangle, attention has turned to projected upside levels. The structure of the breakout, along with long-term consolidation patterns, supports the potential for further gains. Analysts tracking the formation suggest that LINK could reach the $30 level if bullish momentum holds and macro market sentiment remains constructive.

The symmetrical triangle had compressed LINK’s price for several months, and its resolution to the upside marks a structural shift. Accumulation phases below $16 now appear to have provided a strong base for continuation.

If the current trend persists, ChainLink Price may approach the $19.50 resistance as an intermediate target before any move toward $30 materializes. Traders are closely monitoring these levels to determine whether current support can convert into sustained bullish pressure.