Chainlink Price Approaches Key Resistance with $150 Target in Focus - Brave New Coin

The token recently broke out of a multi-year triangle pattern on the weekly chart, moving above key averages and hinting at a long-term uptrend. Currently trading near $19.35, LINK has captured the attention of analysts who forecast substantial upside if market conditions remain favorable.

Analyst Fitzo Crypto projects a long-term target of $150 during peak altseason, backed by rising volume and strengthening price structure. Meanwhile, analyst CW identifies a short-term resistance zone near $20.5, with a sell wall that may influence upcoming price movement. If LINK clears this level, targets up to $26 could come into play, reinforcing the bullish outlook.

Chainlink Price Approaches Key Resistance with $150 Target in Focus

Chainlink (LINK) Price is showing strength on the weekly timeframe, having recently broken out of a multi-year symmetrical triangle pattern. According to analyst Fitzo Crypto, this breakout marks the end of a long consolidation phase that began in 2021.

Source:X

LINK is currently trading near $19.35, above both the triangle resistance and its long-term moving averages. The pattern’s structure, with a narrowing range followed by an upward breach, suggests the formation of a potential macro uptrend.

Fitzo projected an extended rally toward $150, supported by growing volume and rising trendline support since mid-2023. This target represents a 6x move from the current price and aligns with historic behavior during peak altseason cycles.

Additionally, the chart displays a strong technical foundation, as volume expansion accompanies the breakout, indicating increasing participation. Traders and analysts are now assessing whether sustained momentum could carry LINK Price toward the $100–$150 range over the next market phase.

Short-Term Focus Turns to $20.5 Resistance

On the lower timeframes, LINK is approaching an immediate resistance zone near $20.5. Analyst CW highlighted this level as a potential sell wall based on 4-hour chart activity. LINK recently climbed to $19.58 after a 4.02% intraday gain, continuing a steady pattern of higher lows that began in mid-July.

CW identified $26 as the next key resistance zone beyond $20.5. If price manages to clear this barrier, further upside may become accessible. Meanwhile, support levels have formed around $16.50, $15.50, and $13.70, which may provide a buffer in the event of a pullback.

How the market responds to the $20.5 level will likely influence LINK’s short-term direction and determine whether a breakout or rejection unfolds in the coming sessions.

Volume-Supported Rally Develops Above $18

Over the last 24 hours, LINK Price has recorded a recovery after briefly falling below $18. The token rose 2.77% to reach $18.55, rebounding from an earlier low of $17.50. The recovery was marked by consistent price movement toward $19.50 before retracing slightly. Trading volume also rose during the session, reaching $867.41 million, reflecting increased market participation during the upward move.

Source: BraveNewCoin

Link price structure maintained higher lows throughout the period, indicating demand pressure near the $17.50–$18.00 region. LINK’s overall market cap also rose to $12.57 billion, securing its position at Rank 17 among digital assets by valuation. This stable recovery suggests the potential for another test of resistance levels, especially if volume continues to support upward moves across intraday sessions.

Technical Conditions Align with Multi-Level Rally Projections

Over and above, the current technical conditions of LINK Price suggest alignment between long-term and short-term bullish scenarios. The macro breakout toward $150, as identified by Fitzo Crypto, is supported by improving structure, volume, and trendline behavior. On the short-term side, CW’s identification of local resistance zones adds context for near-term decision-making.

Traders now await confirmation above the $20.5 mark to assess the likelihood of continuation. If LINK holds above this resistance and sustains volume, the $26 target may become relevant. With both macro and micro trends pointing upward, the market is focused on LINK’s behavior around current resistance. Whether the breakout accelerates or pauses will depend on momentum and broader crypto sentiment in the sessions ahead.