chainlink Price Prediction: Breakout Imminent as LINK Eyes 21.99 USDT Resistance

Chainlink (LINK) is approaching a key technical juncture, with chart signals pointing toward a potential breakout that could shift momentum after months of subdued price action. A recent technical setup shared on social platform X outlines a bullish structure forming on LINK’s daily timeframe, highlighting a descending trendline that has capped price advances since early 2025.

As the asset trades just below this resistance, market participants are evaluating whether sustained buying pressure could finally push LINK above critical thresholds and toward mid-range targets such as 21.99 USDT.

Daily Chart Flags Breakout Scenario Above Trendline

Technical insights shared by Crypto | #1 Free Signals emphasize a long setup on LINK’s daily chart, contingent upon a clean breakout above the descending resistance trendline. This line, extended from the highs of December 2024 and validated through multiple touchpoints in February and May 2025, continues to act as a structural barrier.

LINK is currently priced near 15.39 USDT, testing this trendline. A confirmed breakout would indicate a reversal from the downtrend and set the stage for bullish continuation.

Source:X

The chart outlines a sequence of resistance levels—17.28, 18.00, 19.28, 21.99, and 30.84 USDT—that serve as defined profit targets in the event of a breakout. The setup implies a stair-step rally pattern, where price may climb progressively through resistance zones if volume and market sentiment align.

A successful flip of the trendline into support would likely attract momentum-driven buyers, while a break into the 17.28–18.00 range could force short liquidations, further accelerating price movement. The technical roadmap suggests a structured ascent, with the 21.99–26.62 USDT zone viewed as a mid-term target area.

Chainlink Price Prediction: Short-Term Weakness Lingers Amid Bullish Breakout Forecast

While the breakout narrative is technically valid, short-term market conditions reflect hesitation. LINK has retraced 2.01% over the past 24 hours to trade near 15.33 USDT, based on Brave New Coin data. The hourly chart from May 24 to May 25 shows a gradual decline from around 15.80 USDT to 15.20 USDT, indicating fading buyer strength.

Although the price staged a brief recovery by session end, the movement appeared corrective rather than a signal of renewed trend strength.

Source:BraveNewCoin

Trading volume over the same period totaled $351 million, but the decline in volume following the peak points to reduced follow-through on earlier bullish attempts. While early May 25 showed a modest rebound in activity, the absence of consistent volume growth limits the probability of a near-term breakout.

If current levels fail to hold, LINK could test support near 15.00 USDT, a level where buyers may look to re-enter if broader sentiment stabilizes. Until a volume-backed move confirms the breakout, LINK remains in a fragile technical position.

Broader Chart Indicators Show Cautious Optimism

On the weekly timeframe, Chainlink’s recent price action reflects moderate bearish pressure. LINK closed the week at 15.16 USDT, posting a 4.53% loss after failing to sustain a rally above 17.16 USDT. The key resistance level at 19.53 USDT, marked on the chart, remains unbroken. This horizontal level continues to cap bullish advances and is viewed as a necessary hurdle for the trend to fully reverse.

The rejection from this zone signals that despite early-May momentum, LINK has yet to reclaim its medium-term bullish structure.

Source:TradingView

Supporting indicators offer mixed signals. The BBPower (Bull-Bear Power) reads 1.37, suggesting slight buyer dominance. However, without higher highs or expanding momentum, this signal lacks confirmation.

Meanwhile, the Relative Strength Index (RSI) sits at 48.37, below the neutral 50 level, indicating that momentum has not yet shifted convincingly in favor of buyers. Until the RSI climbs above the 50–55 range and the price closes above the 19.53 barrier, the possibility of continued consolidation or mild downside remains in play.

In conclusion, while Chainlink’s long-term fundamentals and current chart setup provide a bullish framework, confirmation is still needed through price action and volume expansion. A breakout above the descending trendline could shift short-term sentiment and drive LINK toward the 21.99 USDT resistance. Traders are advised to watch for key levels and confirmation signals as Chainlink approaches a potentially pivotal point.