LINK Bullish Setup Forms After Gaining 52% and Testing Strong Resistance at $16 Range

Chainlink (LINK) is trading near $15 after rallying over 50% from April lows, consolidating in a range that has kept traders watching for a potential Chainlink breakout. The SuperTrend indicator recently flashed a buy signal on the daily chart, an early sign of trend reversal. With broader altcoin strength resurfacing, LINK is regaining bullish momentum. This oracle protocol may soon see a decisive move as macroeconomic uncertainty brews. Will Chainlink rally past resistance? That’s the key question as investors weigh its recent performance inside the LINK consolidation zone.

LINK Breakout Watch as Bulls Test $16 Ceiling

Chainlink has been stuck between $10 and $16 since March, yet analysts believe that this tight LINK consolidation zone may be setting the stage for a Chainlink breakout. The asset is currently pressing against the $16 resistance, an area that, if breached, could trigger a significant upward move. Top analyst Ali Martínez noted the SuperTrend’s daily buy signal, a tool often marking early trend reversals. Coupled with a growing Chainlink bullish setup and increasing interest in oracle tokens, Chainlink appears well-positioned. If price holds above $15, bulls may soon attempt a breakout as market confidence builds.

The SuperTrend indicator has flashed a buy signal on the #Chainlink $LINK daily chart, signaling a potential shift in momentum. pic.twitter.com/kqayzn9Nd0

— Ali (@ali_charts) April 28, 2025

SuperTrend Buy Signal Triggers Optimism – Will Chainlink Rally?

Chainlink’s latest price action shows growing strength beneath the surface. The daily SuperTrend indicator flashed a buy signal, suggesting a new bullish phase could be underway. The indicator, historically preceding strong uptrends, adds weight to the possibility of a LINK breakout. A close above $16 would confirm bullish continuation and may push LINK toward new 2024 highs.

Chart 1 – LINK/USD Live Price, published on TradingView, April 30, 2025.

The chart shows Chainlink consolidating inside a triangle, supported near $15 with resistance at $16. This LINK bullish setup reflects patterns seen before LINK surged in late 2023. The consolidation zone narrows, and price volatility may soon return as momentum builds. Will LINK rally from here depend on whether bulls can push above resistance or face rejection again? Still, with bullish indicators flashing, a breakout could be imminent. Another LINK breakout here would reaffirm bullish trend strength and invite fresh capital inflows.

Technical Structure Hints at Strengthening Bullish Setup

LINK has maintained strong support since April and continues to consolidate in a constructive formation. The Chainlink bullish setup includes a string of higher lows, a tightening range, and bullish crossover signals forming across short-term charts. With trading volumes gradually increasing and sentiment leaning positive, analysts remain hopeful about a potential Chainlink breakout. The longer LINK holds above $15, the higher the chance it breaks resistance. Meanwhile, traders remain alert to whether this LINK consolidation zone resolves to the upside in the coming days.

What’s Next: Breakout Confirmation Hinges on $16 Flip

Looking ahead, Chainlink’s path to a breakout depends on flipping the $16 resistance into support. A weekly close above this level would validate the current LINK bullish setup and complete the Chainlink breakout structure. Until then, LINK remains in its consolidation zone, but sentiment is shifting. With five recent SuperTrend buy signals coinciding with price recoveries, optimism is back. Will LINK rally higher or get rejected again? All eyes are on whether the Bulls can finally break the ceiling. If successful, it could ignite a move toward the $18–$20 range in the coming weeks.