Chainlink Price Prediction: Market Eyes $14.45 Target After Double Bottom Confirmation

Chainlink (LINK) has demonstrated a notable rebound in recent sessions, capturing attention with a steady climb above key support zones. The price recently reached $13.70, reflecting a 4.37% gain within 24 hours.

This upward movement comes amid improving sentiment and the emergence of a classic chart pattern signaling a potential trend reversal. Trading volume has remained consistent, adding weight to the recovery.

Analysts are now closely watching for a confirmed breakout, with projections suggesting a possible advance to $14.45. With technical indicators offering mixed signals and trading volumes showing steady interest, Chainlink’s short-term trajectory hinges on whether buyers can sustain momentum above critical resistance levels.

Double Bottom Pattern Signals Potential Breakout

In a recent post on X, market analyst Crypto Joe (@CryptoJoeReal) identified a Double Bottom pattern forming on the 1-hour Chainlink/USDT chart. This technical formation is often viewed as an indicator of a potential reversal from a downtrend to an uptrend. The two troughs, labeled as “Bottom 1” and “Bottom 2,” developed around the $12.60–$12.80 range, suggesting that this price zone is establishing itself as a strong support level.

Source: X

Following the second low, Chainlink Price Prediction rebounded and approached the neckline resistance near $13.50. A breakout above this neckline is considered crucial in confirming the Double Bottom setup. The chart also indicated a volume increase on the right side of the pattern, which typically validates buyer interest during such formations. This volume surge supports the hypothesis that LINK is undergoing a trend reversal, provided momentum persists in the near term.

As the price approaches the 200-period moving average, positioned at approximately $13.96, traders are monitoring this level for potential resistance. A decisive close above this dynamic level could bolster bullish sentiment further and open the door to Crypto Joe’s projected target of $14.45. This target reflects a common measurement approach, where the height of the pattern is added to the breakout level.

Mixed Sentiment as Volume and Indicators Offer Contrasts

According to market intelligence from Brave New Coin, the shifting sentiment is reinforced, showing LINK recording a steady $236.45M in daily volume. This figure highlights consistent transaction activity during the current uptrend, with no evidence of volatile or speculative surges. The sustained volume suggests LINK’s gains are underpinned by organic market interest rather than short-term hype, supporting the ongoing bullish thesis.

Source: Brave New Coin

Additionally, on the daily chart, Chainlink is attempting to solidify its recent gains, now trading around $13.68 with a 2.86% increase. Despite the upward price movement, technical conditions suggest the recovery remains tentative. The broader trend shows that LINK Price Prediction is still positioned well below the significant resistance level of $19.53, which has served as a ceiling since March 2025. Recent price action is attempting to establish a higher low, hinting at a potential trend reversal, though the move remains unconfirmed.

Source: TradingView

The Chaikin Money Flow (CMF) indicator currently sits at -0.08, which reflects weakening capital inflows. This reading indicates that buying pressure may not yet be strong enough to sustain a long-term recovery. Historically, LINK rallies with stronger momentum when CMF turns and holds above the zero line. The current figure suggests either cautious buyer interest or distribution by larger holders into short-term strength.

In terms of trading volume, recent sessions show an up volume of 412.4K LINK compared to a down volume of 310.07K LINK. This reflects modest accumulation but not a dramatic shift in market participation. Without a sharp rise in volume accompanying upward price moves, the possibility of a sustained breakout above $14.50 remains uncertain. Analysts are watching for an increase in activity as a sign that the market may be preparing to challenge higher resistance levels.

Chainlink Price Prediction: Analysts Highlight Risks Despite Bullish Setup

In addition to Crypto Joe’s optimistic outlook, analyst @Isabella32331 also shared insights on X post, highlighting caution. According to her post, “Each circle marks a major spike or crash. The recent breakdown dragged the price down to $13.16. Consistent lower highs = weakening bullish momentum. The market is at a critical turning point—the next move could be decisive.” Her observation emphasizes that despite recent gains, the overall structure still shows signs of pressure from previous bearish momentum.

Source: X

This cautionary tone aligns with broader technical patterns observed on higher timeframes. LINK’s chart history indicates difficulty sustaining rallies above key resistance zones. Without confirmation from technical indicators and broader market sentiment, any breakout attempts could face rejection. The upcoming sessions are likely to determine whether Chainlink can continue toward its $14.45 target or revert to its prior consolidation range between $12 and $13.50.

As Chainlink Price Prediction approaches key technical levels, traders remain attentive to both volume signals and price structure. A confirmed breakout and follow-through above $14.00–$14.50 may offer validation for the bullish scenario, but until then, price action remains in a sensitive zone.