Chainlink (LINK) defied market expectations with a sudden 13.7% surge, completing a three-month projection in a single day.
Analysts highlight LINK’s breakout from consolidation, signaling the end of accumulation and potential targets between $25–$35. Rising volume, strong momentum, and structural recovery confirm renewed investor confidence in Chainlink’s bullish trajectory.
Chainlink Breaks Out Following Sharp Rebound
Chainlink recorded a strong rebound after an abrupt price drop earlier this week, recovering from near $13 to trade at $19.11 within a single trading day. The 13.73% surge represents one of the token’s most rapid recoveries in recent weeks. Data shows that its rise began early on October 12, climbing from $16.60 to above $19.00 within hours.
LINKUSD 24-Hr Chart | Source: BraveNewCoin
The rally coincided with a daily trading volume of $1.37 billion, pointing to increased buying pressure and active participation from market participants. The latest movement places its market capitalization at approximately $13.33 billion, reinforcing its position among the top fifteen digital assets by valuation. Analysts believe that the speed of the rebound has shifted short-term sentiment, restoring optimism among traders watching the broader market recovery.
Analysts See End of Accumulation Phase
According to market analyst CAPT. PARA8OLIC TOBLERONE, the recent surge completed in one day what was previously expected to unfold over several months. The move pushed the asset back into the mid-channel area of its long-term pitchfork structure, signaling that the extended consolidation phase may be over. The analyst described the advance as a structural acceleration that fits with early bull-cycle dynamics.
LINKUSDT Chart | Source:x
His Elliott Wave projections indicate that the corrective “B” phase has likely ended, setting the stage for a potential “1–2–3” impulse sequence that could extend toward $195 in future cycles. TOBLERONE emphasized that if the token sustains momentum above the $16 threshold, it could confirm a broader reversal targeting higher Fibonacci levels over the coming quarters. The observation suggests that the accumulation window may have closed earlier than many anticipated.
Mid-Term Climb Suggestion
Analyst Don referred to the recent collapse as a “black swan event,” noting that its swift rebound erased bearish pressure and reestablished its technical structure. The token has broken above its descending resistance channel, forming a continuation pattern consistent with bullish setups. Don’s projection signals a possible climb toward the $25–$30 range if it maintains its recovery trend.
LINKUSDT Chart | Source:x
The chart pattern shows a green trajectory that indicates a gradual re-entry into the previous uptrend. The analyst observed that the fast recovery reflects strong accumulation activity during the prior downturn, suggesting that institutional and retail traders were active during the correction. The move above resistance validates the recovery’s strength and supports a mid-term bullish outlook.
Key Levels and Market Outlook
The immediate resistance zone stands near $20, marking a psychological barrier that could determine short-term price direction. If the token closes decisively above that point, the next potential targets lie between $22 and $25. The structure of the current price action also shows a developing support base near $19.10–$19.20, which could serve as a foundation for further movement.
From a broader market standpoint, its strong rebound corresponds with increased oracle network activity and ongoing cross-chain integrations. Sustained trading volume above $1.3 billion and stable funding rates may help the token preserve its upward momentum.