Here’s Why Chainlink (LINK) Could Flip Bullish and Head Toward $20 Soon

By: cryptosheadlines|2025/05/03 09:45:01

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Home » Journal » Here’s Why Chainlink (LINK) Could Flip Bullish and Head Toward $20 Soon Chainlink (LINK) has been quietly building momentum over the past few weeks. After spending most of 2025 in a downtrend, the price is finally starting to show signs of life. And now, it’s sitting just below a major resistance level that could change everything.At the time of writing, LINK is trading around $14.75. It recently climbed from a mid-April low near $12 and has been trending upward ever since. The Chainlink price is now hovering right below the $15.50–$15.60 zone, which has been a strong barrier for months. That level has rejected LINK multiple times in the past. But this time, things feel different. The setup suggests that if bulls manage to push through it, we could see a big move to the upside.This analysis was shared by Michaël van de Poppe through his X account, where he pointed out that a breakout above $15.59 would confirm a key trend reversal. The chart he posted shows LINK trying to break out of a months-long downtrend. He also noted that this could mark the beginning of a multi-month uptrend if the breakout holds.Source: X/@CryptoMichNLA tweet accompanying the chart made it simple:“LINK is about to break the downwards trend and get into a multi-month upwards trend. It needs to crack the resistance at $15 and then it’s good to go.”And that really sums up where things stand. The technicals support this idea too. LINK has been forming higher lows, which is one of the first signs that sentiment is shifting. There’s also been a slow but steady increase in volume since the bounce from $12. Meanwhile, RSI is cooling off after a recent spike, which leaves room for another push higher.If the LINK price can close firmly above $15.60, the next targets would likely be in the $18 to $20 range. These levels acted as key zones earlier this year, and they could easily come back into play if momentum kicks in.Of course, there’s always the risk that the price gets rejected again. A dip back below $14 would signal that buyers aren’t quite ready yet. And if LINK drops below $13 or $12, it might suggest the trend is still in bearish territory.But right now, the LINK chart is giving the bulls a shot. All eyes are on the $15 breakout. If it happens, it could flip the entire narrative for LINK – and a run toward $20 might just be the start.Read also: Missed Sui First Pump? Here’s Why SUI Price Could Rally Even HigherFollow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Read our recent crypto market updates, news, and technical analysis here. We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. How are regular people making returns of as much as 70% in a year with no risk? By properly setting up a FREE Pionex grid bot – click the button to learn more. Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it. !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window, document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '213893885810361'); fbq('track', 'PageView');Source link

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